PE veteran Shashank Singh quits Apax Partners

After nearly two decades at global private equity firm Apax Partners, Shashank Singh, partner in the firm’s and its head of India office, has decided to leave the PE firm, sources aware of the development told ET.

Singh will be moving permanently to London, the sources added. He joined Apax in 2004 in its London office and moved to the India office in 2007 and took charge after Neeraj Bharadwaj left the firm for Carlyle Group in 2013.

"We can confirm that Shashank has decided to leave the firm and will transition towards the end of the year," a spokesperson for Apax Partners said in an email response to ET's query. "Rohan Haldea will oversee Apax’s India office with Anurag Sud managing day-to-day activities on the ground," the spokesperson added.


Singh led or participated in many marquee deals at Apax including the PE firm’s $330 million investment in iGate in 2011 to help it acquire a majority stake in Patni Computer Systems for $1.2 billion. iGate was acquired by French IT services major Capgemini in 2015 for $4 billion, providing Apax an exit worth more than $1 billion.

Other prominent deals that Singh was involved in include a $200 million investment in Fractal Analytics; a $350 million acquisition of Healthium MedTech from TPG and other shareholders; investments in listed companies such as Manappuram Finance, Cholamandalam Investment and Finance Company Limited, Apollo Hospitals and Zensar Technologies, as well as other deals such as Infogain, Azentio, Shriram City Union Finance,, GlobalLogic, TIM Hellas, Weather Investments, TDC, Bezeq and Synetrix.

Prior to joining Apax, Singh was a strategy consultant with Monitor Company, where he advised clients in the telecom and high technology sectors.

He holds a first class MA in Economics from Cambridge University, a BA (Honours) with distinction in Economics from St. Stephen's College (University of Delhi) and an MBA from Harvard Business School.

Singh serves on the Boards of Infogain, Azentio Software, Fractal Analytics and Healthium MedTech.

He is a trustee of the Apax Foundation. Singh also serves on the South Asia Advisory Board of Harvard Business School and the Vice Chancellor’s Circle of Advisers in India for the University of Cambridge.

Apax Partners, with seven offices worldwide, has raised over $65 billion for its various funds spanning strategies such as buyout, digital growth, impact and credit. The PE firm invests in technology, services, healthcare and consumer internet businesses. However globally it is scaling down its financial services investments which saw Partner Gautam Narayan, another Apax old timer move on earier this year.