3i agrees investment in BVG India Limited
3i, an international investor in private equity, infrastructure and debt management, and funds managed by 3i, have acquired a minority stake in BVG India Limited. BVG is one of India’s largest facilities management services companies with a pan India presence, offering a wide range of services.
BVG was established in 1997 and has grown to over 18,000 employees. The Company provides services such as mechanised housekeeping, landscaping and gardening, logistics and transportation, electrical and mechanical services etc. BVG has over 250 clients in India including prestigious names in the public and private sector including Rashtrapati Bhavan, Parliament House, Prime Minister’s office and residence, Indian Railways, AIIMS, Safdurjung Hospital, Delhi High Court, Mantralaya, Municipal Corporation of Greater Mumbai, TATA Motors, ITC, ABB, Volkswagen, Hyundai, Fiat, ONGC, Hindustan Unilever etc.
Anil Ahuja, Managing Director 3i Asia, commented on the transaction: “BVG is a pioneer in the facilities management space in India and is well positioned in the fast growing FM market. This investment gives us an excellent opportunity to back a market leader to fulfil its growth aspirations and potential”.
H.R. Gaikwad, Chairman and Managing Director, BVG India, said: “We are very excited by 3i’s investment in BVG. 3i is a renowned name in the Indian and global private equity market and we are very happy to welcome them as partners. We believe that 3i will provide us strong support in realising our growth plans.”
Umesh Mane, Vice Chairman, BVG India, said: “We believe this partnership will help us in bringing global best practices to BVG leading to operational excellence and customer delight.”
For further information, please contact:
Vipul Bondal, Hanmer & Partners
+91 22 6752 4618
In the UK
Isabel Unsworth, 3i PR Manager
+44 207 975 3190
Sanjeev Mahajan, BVG India Ltd.
+91 20 2746 4220
Notes to Editors
3i is an international investor focused on Private Equity, Infrastructure and Debt Management, investing in Europe, Asia and North America. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors.
About BVG India Limited
BVG India Limited is one of India’s largest facilities management services companies providing a combination of soft and hard facilities management services to over 250 clients across India. Its clients include a mix of several prestigious public sector institutions and private sector companies. BVG is headquartered in Pune, Maharashtra.