Banyan Tree ends 10-year ride with Rotomag Enertec

BANYANTREE, a Mauritius-based mid-market private equity (PE) firm, plans to exit its decade-long investment in Gujarat-based Rotomag Enertec, a manufacturer of DC motors, solar-powered pumps, and photovoltaic string inverters. The firm said it expects a multi-bagger return from the exit.

- NESIL STANEY

Over the past 18 months, Banyan Tree accomplished highly successful exits from Popular Vehicles, where it gained 10 times the invested amount and GPT Healthcare, where it gained 13 times the invested amount. During this period, it also exited Nspira, the staffing company of Narayana Group, at 2.5 times and skincare products maker Astaberry at 3 t