Kaizen Private Equity March 2014

Kaizen Private Equity
March 2014
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Education is a Large, Growing & Well
Diversified Opportunity*
Over $100 Bn Market
* Does not include captive market opportunities
Source: Kaizen Education (KE) Report
LMS: Learning Management System, ICT: Information and Communication Technology, ERP: Enterprise Resource Planning
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Education Sector Overview:
Numerous Industry Sub-Segments > $500 MM
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Source: Kaizen Education (KE) Report
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Each segment has unique nuances
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Vision (Being Debated)
“To be the leading value add
investor in the world”
Delivering superior returns through operationsdriven investments in differentiated companies
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Proven Model with Results
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Proven track record of sector focused investing
Leading education sector investor in India
► Experienced early and growth stage investor
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Experienced leadership
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33 Years of investing experience; 22 years of education investing;
and 38 years of education operations
Thought Leader in Education
Thematic investing with operations focus
Transparent relationships with our limited partners
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Delivering Alpha in Portfolio Companies
Average Revenue Growth
Listed Education Cos
Kaizen Protfolio
Industry
70%
55%
52%
31%
15%
15%
15%
10%
FY 12
FY 13
-3% FY 14 E
Deep domain understanding and operations driven approach has delivered superior growth
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OPS Driven Value Addition:
Operations – People – Strategy
Examples:
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Altus, Klay,
UTS, authorGEN
UTS, Ace,
Altus
authorGEN, UTS,
Altus, Ace
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Delivering Impact
Environment
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Social
Solar power project implementation
Adoption of environmental friendly
policies across all portfolio companies
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Over 2,100 jobs created
~60% jobs for women
Over 3.2 MM students in the system
Kaizen Impact
Governance
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Adherence to international best practices
for governance
Advocacy with government bodies
Use of Big Five Auditors
Capital
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Mobilization of additional $5 MM for
education by other parties
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Thought Leadership in Education
Education advisory board member at
National-Level federations
Whitepapers
Speaking at leading education investment conferences
Education Investment –
Technology in Education Education in India – The
The IFC Education
Economist India Summit
– World Education
conference, Dubai 2012
2013
Summit 2013
Redesigning Universities
– GES, Brazil 2012
Education conference at
Stanford, USA, 2012
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Kaizen India
Education Report,
2009
Kaizen Southeast
Asia Education
Report (in progress)
Kaizen Africa
Education Report
(in progress)
Technology Application – Global India Business
The Learner’s Conference, Meeting, Belgium, 2012
Greece, 2013
Education Investment
conference, Dubai, 2013
Education in India,
INSEAD, 2012
IFC Education
Investment Guide,
2010
Educational
DFID Report on
Gyanshala Schools, Technologies in the Indian
market (co-authored with
2011
INSEAD team)
2013
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Team with Operations and Investing
Experience
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Sandeep Aneja, Managing Director
Experience: 18 years
Years with Kaizen: 5 years
Industries: Private equity, Technology,
Consulting
MBA, Graduate School of Business,
Stanford University
Jetu Lalvani, Executive Director
Experience: 28 years
Years with Kaizen: 5 years
Industries: Education,
Manufacturing, Energy.
OPM , Harvard Business School
Monica Mehta, Director
Experience: 16 years
Years with Kaizen: 5 years
Industries: Education, Finance
MBA, Thunderbird, AGSIM
Amit Ratanpal, Director
Experience: 14 years
Years with Kaizen: 4 years
Industries: Private Equity , Investment
Banking, Fund Management
Chartered Accountant
Raj Shastri, Principal
Gaurav Jain, Associate
Experience: 12 years
Years with Kaizen: 2.5 years
Industries: Private Equity, Equity
Research
MBA, IIFT
Experience: 5 years
Years with Kaizen: 5 years
Industries: Private Equity
MBA, NMIMS
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Team with Operations and Investing
Experience
Name
Age
Years of
Investing
Experience
Years of
Operations
Experience
Experience prior to Kaizen
Sandeep Aneja
44
12
7
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Jetu Lalvani
51
5
28
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Amit Ratanpal
38
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Monica Mehta
44
5
10
37
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12 years of Investment banking, asset management and capital
market advisory (ICICI Bank, Birla Sunlife Group)
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10 years of education entrepreneurship
3 years of capital market (ASK Raymond James Securities, Darashaw
& Co.)
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23 years of Entrepreneurship in manufacturing, instrumentation
and chemicals
28 years of experience in leading and managing educational
institutes
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Raj Shastri
6 years of Investing (Outlook Ventures and Wingspring in USA)
4 years business development and operations (ActionBase Corp,
Booz Allen & Hamilton and Hagler Bailly USA)
4.5 years of Investing ( Helix Investments and Guggenheim capital
management)
5years of equity research (Thomas Weisel Partners , Motilal Oswal
Securities, Evalueserve )
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Eminent Education and Investment
Advisors
Sergio Abramovich
Prof. Arun Nigvekar
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Vice President at DeVry Inc.
USA
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Ex-Chairman for UGC and part of
National Councils
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Led entry for DeVry into
Latin America
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Advises Indian Govt. for
development of higher education
Jens Zimmerman
Dr. (Mrs.) Indu Shahani
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Partner and MD at New Silk
Route
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Mumbai Sheriff, Member at UGC and
Advisor to IB Board
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Led two of the largest education
investments in Asia
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Board member of large higher
education organizations in India
Akhil Shahani
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Member CII (Confederation of
Indian Industry)
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Education ventures, Social start-ups
and Philanthropy
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Strategy for Next Fund
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Education to remain core
focus
Geographic expansion to
South East Asia
Stage Agnostic
Significant
influence &
control
Local
knowledge
and
presence
Researched
investment
themes
Planned Exits
OPS-driven
value
addition
Strong
global
networks
Fund Strategy Components
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Characteristics of Target Companies
High barriers
to entry
Solving a core
pain
Large established
markets or new high
growth markets
(must have)
Tangible
Outcomes
(admission,
scores,
certifications)
Cross border
opportunities
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Differentiated
(unique,
execution,
brand, IP)
Open to control or
significant influence
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Disclaimer
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This presentation is intended only for the benefit of potential investors to whom the presentation is made or delivered for the purpose of
considering a possible investment in the Kaizen Private Equity.
The presentation is not and should not be deemed to constitute an offer to invest or a solicitation of an offer to invest, to or from the public in
general or to or from any person other than the person to whom the same is addressed.
Any reproduction hereof in whole or in part, or the disclosure of its contents or the distribution of the presentation, without the prior written
consent of Kaizen Private Equity, is prohibited.
The contents of the presentation are provisional and may be subject to change. The presentation is neither a prospectus nor an offer or
invitation to apply for units of fund. The information contained herein is not exhaustive and must be read in conjunction with the information
memorandum and other documents.
While reasonable care has been taken to ensure that the information included herein is correctly and fairly represented, Kaizen, and other
parties involved in the preparation hereof assume no liability for the relevance, accuracy or completeness of the contents herein.
In making an investment decision, potential investors must rely on their own examination of the fund documents and the terms of the offering,
including the merits and risks involved.
Before making an investment, each potential investor should make its independent assessment and inquiries and consult its own advisors as to
legal, business, tax and related matters concerning an investment in fund.
The Fund and its portfolio companies are subject to several risk factors that may affect the fund performance.
Contact:
Investment Advisor Address:
SANDEEP ANEJA
Kaizen Management Advisors Private Limited
[email protected]
Cell: +91 99309 88355
202 Suraj Prakash CHS,
86 Shankar Ghanekar Marg,
Prabhadevi, Mumbai – 400 025, India.
Office: +91 (22) 6767 5757
Fax: +91 (22) 6767 5758
JETU LALVANI
[email protected]
+91 98210 33007
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Kaizen Private Equity. All Rights Reserved.