CVC Taps Finance Veteran Nayar to Expand Its India Operations

CVC Capital Partners Plc, the Amsterdam-listed private equity firm, has named former KKR & Co. India chief Sanjay Nayar as chairman of its advisory board in the South Asian nation, in a move aimed at deepening its presence in one of Asia’s fastest-growing private equity markets, according to people familiar with the matter.

Nayar will focus on strengthening relationships and refining strategy as the firm looks to scale up activity in the country, the people said, asking not to be identified because the information is private. CVC aims to deploy more capital from its record $6.8 billion Asia Fund VI in the country and plans to expand its 10-member local team, they said.