CVC partners with Rajan Gajaria for investments in global chemicals and CDMO businesses
Sajjan India Limited also appoints the industry veteran as an independent director
CVC, a leading global private markets manager focused on private equity, secondaries and credit, today announces a strategic partnership with Mr. Rajan Gajaria to invest in the global chemicals and CDMO (contract development and manufacturing organizations) businesses. Additionally, Mr. Gajaria joins as an independent director on the board of Sajjan India Limited, an investee company of Sona Company Pte. Ltd, an affiliate of CVC.
Mr. Gajaria’s wealth of experience in agriculture, stellar reputation and extensive industry network will play a pivotal role in unlocking new opportunities in the sector. Rajan is an industry veteran having led crop protection, seed and digital business platforms across diverse roles in leading agrochemical firms including Corteva Agriscience and Dow AgroSciences. He is currently serving on the Boards of UPL Sustainable Agri Solutions Limited, Moleaer, True Essence Foods, Advanta Seeds and Gowan Group of Companies.
Mr. Amit Soni, Partner of CVC Advisers (India) Private Limited said, “We are delighted to be teaming up with Mr. Rajan Gajaria to invest in the global chemicals and CDMO businesses. Rajan brings a great depth of experience, and his invaluable insights, including a strong focus on environment, health and safety operations, will be instrumental in helping to drive success in CVC Funds’ existing and future investments in India, starting with Sajjan. His commitment and passion combined with his expertise in the global agrochemicals industry will resonate well with Sajjan’s vision to create more innovative solutions for its global customer base.”
Mr. Rajan Gajaria said, “This strategic partnership with CVC unlocks exciting possibilities for growth investments in global chemicals and CDMO businesses. Joining the board of Sajjan India provides me with an opportunity to contribute and work with a talented team and leverage our combined power. This new role marks an exciting chapter in my journey. I am committed to leveraging my experience and industry insights to steer Sajjan India to new heights and set new benchmarks in the chemical industry.”
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About Sajjan India
Sajjan India, an investee company of Sona Company Pte. Ltd., an affiliate of CVC, is a leading contract development and manufacturing company for large-scale production of Active Ingredients (Agro), Electronic Chemicals, Speciality Chemicals and Intermediates for Agro, Pharma, Dyes & Pigments. The firm has two state-of-the-art production sites with total combined capacity of more than 15,000 TPA. Founded in 1983, Sajjan India began its journey with the production of dyes intermediates and textile auxiliaries for the export market. Today, we are proud to be associated with customers in 35+ countries, including the top ten chemical companies in the world. For more information, please visit – www.sajjan.com
About CVC
CVC is a leading private equity and investment advisory firm with a network of 29 offices throughout EMEA, the Americas and Asia, with approximately €188 billion of assets under management. CVC has seven complementary strategies across private equity, secondaries and credit, for which we have secured commitments in excess of €230 billion from some of the world’s leading institutional investors across its private equity, credit and secondaries strategies. Funds managed or advised by CVC are invested in over 125 companies worldwide, which have combined annual sales of approximately €166 billion and employ more than 590,000 people. For further information about CVC please visit: www.cvc.com. Follow us on LinkedIn.
About CVC’s Asia strategy
CVC has one of the largest and longest-established pan-regional office networks of any private equity business in Asia and has been active in the region since 1999. CVC’s Asia private equity strategy is focused on control, co-control and structured minority investments in high quality businesses in core consumer and services sectors across Asia, typically with enterprise values between $250 million and $1.5 billion. For further information about CVC’s Asia funds please visit: www.cvc.com/private-equity/asia.
All figures as of 30 September 2023, and adjusted to reflect the agreed acquisition of DIF Capital Partners announced in September 2023 (closing of which is subject to regulatory approvals), unless otherwise indicated.
