Family offices in Europe are increasingly focusing on investment opportunities in India, in a bid to take advantage of the country’s rapid economic growth.
In Belgium, Verlinvest, the family office of one of Anheuser-Busch InBev’s founding families, recently bought a fifth of Cuisine Asia, a company controlling a number of restaurant chains across India.
The deal came less than two years after Verlinvest’s first investment in India. In November 2010, the firm acquired a 15% stake in winemaker Sula Wine.
In the UK, The Family Office, which has been investing in the Asian country since it was set up in 2004, is also looking for opportunities in India.
Sebastian Lyle, who heads the multi family office, said the firm concentrates on large companies in the consumer goods, technology, healthcare, financial and industrial sectors.
The firm, which has already invested in companies such as Nestle India, Sun Pharmaceuticals and Tata Consultancy Services, “strongly [believes] in the long-term growth story of India”, Lyle told CampdenFO.
However, other family offices, such as Lord North Street, a single family office based in London, prefer a more cautious approach.
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