10 reasons why Indian so success in global career and business

Indians have been successful in global careers and businesses for a variety of reasons. Here are 10 factors that contribute to their success:

Strong Educational Foundation: India places a strong emphasis on education, and many Indians pursue rigorous academic paths, including engineering, medicine, and business, which provide them with a solid foundation of knowledge and skills.

English Proficiency: English is widely spoken and taught in India, making it easier for Indians to communicate and do business internationally.

Entrepreneurial Spirit: Indians are known for their entrepreneurial mindset. Many individuals are willing to take risks and start their own businesses, both in India and abroad.

Diverse Skill Sets: Indians often possess diverse skill sets, which can be advantageous in a global context. They excel in various fields, from technology and engineering to finance and healthcare.

Adaptability: Indians tend to be adaptable and open to different cultures and work environments. This adaptability is crucial when working in global settings.

Work Ethic: A strong work ethic is instilled in many Indian families from a young age. This commitment to hard work often leads to success in careers and businesses.

Resilience: Indians often face challenges and adversity with resilience. This resilience enables them to persevere and overcome obstacles, which is essential in a global career.

Networking: The Indian diaspora is vast and well-connected. Indians often tap into these networks for career and business opportunities both within India and abroad.

Value for Education: Indians value education and continuous learning. They are often willing to invest in further education and training to stay competitive in their fields.

Global Outlook: Many Indians have a global outlook and are willing to work in different parts of the world. This willingness to explore international opportunities can lead to global success.

It's important to note that individual success varies, and not all Indians share the same advantages or opportunities. However, these factors have contributed to the success of many Indians in global careers and businesses.

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CMI Limited Co. Acquires Engineered Plastic Systems

Capital Partners is pleased to announce that on March 9, 2020, its investment company CMI Limited Co. purchased Engineered Plastic Systems (“EPS”) (www.epsplasticlumber.com), a leading manufacturer of sustainable, high-density polyethylene (“HDPE”) boards used primarily in decking, railing, and recreational facility products. EPS markets its products under the Lumberock, Bear Board, and Perennial Park Products brands and its products are known for their superior performance in marine environments. The Company serves customers across a variety of residential and non-residential end markets in 50 states and select export markets. EPS serves customers directly through its online sales channel and sales team, as well as through its distributor and dealer networks.

“The acquisition of EPS confirms our commitment to innovation and expands our portfolio of sustainable solutions,” says Duane Bryant, President and CEO of CMI. “Their mono-extruded HDPE decking boards, deck railing, and fence railing add to our extrusion expertise, regional production footprint and ability to serve new and existing customers with a broader array of products. Additionally, EPS’ products are designed to perform exceedingly well in the marine markets we serve.”

“Capital Partners and management remain focused on continued growth through organic initiatives and acquisitions. Unlike most private equity firms, our investment companies keep debt low to support growth,” said Managing Director James Sidwa. “CMI has built a compelling business and has been a great fit with our investment philosophy. We were pleased to help them source and fund this key addition to their business.”

CMI (www.cmilc.com), headquartered in Woodstock, Georgia, has manufacturing facilities in Georgia, Florida, Washington and with EPS, Illinois. The company operates three divisions; 1) CMI is the leading manufacturer of vinyl, fiber-reinforced polymer, aluminum sheet piling serving marine, retaining wall, flood protection, and water control applications as well as some of the most challenging chemical containment, levee stabilization, and groundwater cut-off applications; 2) Gator and Mantle are leading fabricators of aluminum bridge, dock, gangway and access solutions serving recreational marinas, residential and commercial dock and access markets and 3) EPS. The company provides design, engineering, project management and proprietary installation equipment to offer complete application solutions.

Capital Partners () is a private investment firm founded in 1982. Its principals have invested in more than 100 platform and add-on acquisitions across a variety of industries. Based on the combination of solid investment discipline and its high-equity approach, it has successfully partnered with management teams to create growth and strong returns through multiple economic cycles. Capital Partners is currently investing a $600 million committed private equity fund.

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Allianz Capital Partners´Create Global Infrastructure Fund

Allianz Global Diversified Infrastructure Equity Fund (AGDIEF) for institutional clients holds first close with commitments exceeding EUR 600mn / The fund invests alongside Allianz in a diversified portfolio of infrastructure equity funds and co-investments globally / The target fund size is EUR 900mn.

Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Global Diversified Infrastructure Equity Fund (AGDIEF). The fund, which was launched earlier this year and is managed by Allianz Capital Partners (ACP), attracted commitments exceeding EUR 600mn from institutional clients. The AGDIEF will invest in leading infrastructure fund managers and will pursue co-investments alongside such managers globally. The target size of the fund amounts to EUR 900mn. It will invest jointly with Allianz and follows the successful close of the Allianz European Infrastructure Fund (AEIF), which was raised last year.

The AGDIEF will pursue primary fund commitments, secondary transactions and co-investments globally to build a diversified portfolio of core, core+ and value-add infrastructure assets. Target sectors include energy, transportation, communication, environmental and social infrastructure. Whereas the focus of the AEIF is on direct investments in core infrastructure assets in the Eurozone, the AGDIEF aims to deliver attractive risk-adjusted returns through a highly diversified global infrastructure portfolio. As is the case for the AEIF, the AGDIEF will be pursuing a co-investment approach with Allianz as Allianz will contribute at least the same amount as third-party investors commit to the target investments, thus ensuring strong alignment of interest.

Christian Fingerle, Chief Investment Officer at Allianz Capital Partners, said:
“The AGDIEF will invest in funds and co-investments globally whereby co-investments enable the strategy to gain specific exposure to attractive market trends. We are delighted by the strong interest we have seen – even in these challenging times – from the market for our second infrastructure fund, which has an investment focus that is complementary to the AEIF. This will further strengthen our client offering at Allianz Capital Partners to the benefit of all our investors.”

Yves Meyer-Bülow, Head of Infrastructure Funds and Co-Investments at Allianz Capital Partners, added:
“The AGDIEF seeks to build a defensive and cash-yielding portfolio of infrastructure funds and co-investments, diversified across sectors and regions globally. We are pleased that we can open the strategy that we successfully developed for Allianz investors to our institutional clients with a highly aligned approach.”

ACP is a leading international financial investor in infrastructure equity with more than EUR 17bn Assets under Management. In total, ACP manages more than EUR 34bn of alternative equity assets in private equity, infrastructure and renewables. ACP and AllianzGI manage EUR 77bn of alternative assets in aggregate.

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Allianz invests in broadband rollout in Lower Austria

Allianz Capital Partners (ACP) on behalf of Allianz insurance companies signed an agreement for the acquisition of a 75% stake in the Niederösterreichische Glasfaserinfrastrukturgesellschaft (“nöGIG”). The investment volume is c. EUR 300 million. ACP was selected as preferred bidder in July by the Niederösterreichische Breitband-Holding, which is an entity controlled by the Federal State of Lower Austria, after a competitive bidding process that had attracted significant interest from institutional investors.

The purchase of the stake in the nöGIG supports the rollout of a new fibre-to-the-home (“FTTH”) broadband network to around 100,000 homes between 2020 and 2022 with a focus on municipalities with less than 5,000 inhabitants. The construction phase is scheduled to begin in 2020.

Christian Fingerle, Chief Investment Officer at Allianz Capital Partners said:

"We are convinced that jointly with the Niederösterreichische Breitband-Holding we can make a significant contribution to modernize the digital infrastructure of Lower Austria and are delighted that Allianz was chosen as a partner for this project. This is our second infrastructure investment in Austria and we are committed to investing in more projects that provide essential services for the public in Austria and across Europe.”

ACP is a major international financial investor in infrastructure equity with more than EUR 11bn Assets under Management. In 2019, ACP also invested in the further development of France´s FTTH network.

The transaction is expected to reach financial close by the end of the year. 

KPS Purchase Engine Maker, Briggs & Stratton

The United Steelworkers (USW) today said that KPS Capital Partners' (KPS) acquisition of Briggs & Stratton will save hundreds of jobs at the bankrupt engine maker's Milwaukee manufacturing facility.

USW International President Tom Conway said that KPS, a private equity firm, has a proven track record of investing in manufacturing facilities and operating them profitably and sustainably.

"Steelworkers, our families and communities cannot afford to allow these good, union jobs to continue to disappear," Conway said. "KPS brings experience and a long-term business plan geared toward keeping our plant viable and employment secure."

USW District 2 Director Michael Bolton praised the union workers for standing together and keeping focused on working safely throughout Briggs & Stratton's recent financial struggles.

"Our union is committed to working with KPS to ensure that the proud tradition of engine-making is preserved for future generations of USW members here in Milwaukee," Bolton said. "As long as workers remain united in solidarity, there are no limits to what we can accomplish."

The USW represents 850,000 workers employed in manufacturing, metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in public sector and service occupations.

General Atlantic Invest in Reliance Jio Platforms

Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, today announced an investment of ₹ 6,598.38 crore by General Atlantic, a leading global growth equity firm. This investment values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised ₹ 67,194.75 crore from leading technology investors including Facebook, Silver Lake, Vista Equity Partners and General Atlantic in less than four weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.

General Atlantic is a leading global growth equity firm with a 40-year track record of investing in the Technology, Consumer, Financial Services and Healthcare sectors. As an integrated team operating under a global investment platform across 14 locations, General Atlantic invests behind themes that are driven by innovation and entrepreneurship and supported by long-term secular growth. General Atlantic has a longstanding tradition of backing disruptive entrepreneurs and companies around the world, including Airbnb, Alibaba, Ant Financial, Box, ByteDance, Facebook, Slack, Snapchat, Uber and other global technology leaders.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am thrilled to welcome General Atlantic, a marquee global investor, as a valued partner. I have known General Atlantic for several decades and greatly admired it for its belief in India’s growth potential. General Atlantic shares our vision of a Digital Society for India and strongly believes in the transformative power of digitization in enriching the lives of 1.3 billion Indians. We are excited to leverage General Atlantic’s proven global expertise and strategic insights across 40 years of technology investing for the benefit of Jio.”

Bill Ford, Chief Executive Officer of General Atlantic, said, “As long-term backers of global technology leaders and visionary entrepreneurs, we could not be more excited about investing in Jio. We share Mukesh’s conviction that digital connectivity has the potential to significantly accelerate the Indian economy and drive growth across the country. General Atlantic has a long track record working alongside founders to scale disruptive businesses, as Jio is doing at the forefront of the digital revolution in India.”

Akash Ambani, Director of Reliance Jio, said “We are delighted that a renowned global investor like General Atlantic is partnering with us in our journey to digitally empower India and Indians. Jio is committed to make a digitally inclusive India that will provide immense opportunities to every Indian citizen especially to our highly talented youth. General Atlantic’s endorsement and partnership energises Jio’s young team to set, and achieve, even more ambitious goals in our onward march.”

Sandeep Naik, Managing Director and Head of India & Southeast Asia at General Atlantic, added, “General Atlantic has nearly two decades of experience of investing in India, and specifically in founder-led businesses that are based upon principles of enablement, inclusion and progress. In just three and a half years, Jio has had a transformational impact in democratizing data and digital services, propelling India to be positioned as a leading global digital economy.”

The transaction is subject to regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners, and Davis Polk & Wardwell acted as legal counsel. Paul, Weiss, Rifkind, Wharton & Garrison and Shardul Amarchand Mangaldas & Co. acted as legal counsel to General Atlantic.

About Reliance Industries Limited (RIL)

RIL is India’s largest private sector company, with a consolidated turnover of INR 659,205 crore ($87.1 billion), cash profit of INR 71,446 crore ($9.4 billion), and net profit of INR 39,880 crore ($5.3 billion) for the year ended March 31, 2020.

RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. RIL is the top-most ranked company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 106th in terms of both revenues and profits. The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top-most among Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In India’ (2019).

About Jio Platforms Limited

Jio Platforms Limited (“Jio”), a wholly-owned subsidiary of Reliance Industries Limited, has built an all-IP data strong future proof network with latest 4G LTE technology (through its wholly owned subsidiary, Reliance Jio Infocomm Limited).

Jio vision is to bring transformational changes in the Indian digital services space to enable Digital India for 1.3 billion Indians and propel India into global leadership in the digital economy. It has created an eco-system comprising of network, devices, applications and content, platforms, service experience and affordable tariffs for everyone to live the Jio Digital Life. As part of its customer offers, Jio has revolutionised the Indian telecom landscape by making voice calls for Jio customers absolutely free, across India, to any network, and always.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide. The firm has approximately $34 billion in assets under management as of March 31, 2020. General Atlantic has more than 150 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore.

Chi-Med Invested By General Atlantic

Hutchison China MediTech Limited (“Chi-Med” or the “Company”) (Nasdaq/AIM: HCM) today announces that it has entered into a definitive agreement for the sale of US$100 million of shares at a price equivalent to US$25.00 per American Depositary Share (“ADS”) via a private placement to General Atlantic, a leading global growth equity firm.  This fundraise could increase to US$200 million, through a warrant granted with a term of 18 months for a further US$100 million in Chi-Med shares exercisable at a price per share equivalent to US$30.00 per ADS, a 32.5% premium to the 30-day VWAP.

Chi-Med is delivering on its strategic intention to become a global oncology business.  In 2020, there has been significant progress in building an innovative, global, science-focused biopharmaceutical company including three U.S. Food and Drug Administration (FDA) Fast Track Designations for fruquintinib in metastatic colorectal cancer and surufatinib for two forms of advanced neuroendocrine tumors.  The submission of a New Drug Application (NDA) for surufatinib in the United States is also planned for later this year.

Chi-Med will receive all proceeds from this private placement, which will fund ongoing research and clinical development and support the further growth of its commercialization capabilities both in China and globally.

This financing also highlights the strong commitment General Atlantic is making to Chi-Med.  General Atlantic has 40 years’ experience in investing in global growth equity companies, with a demonstrated history in the biopharma sector, and has approximately US$34 billion of assets under management.  It has a broad portfolio of life science company investments with whom they constructively partner to support further growth.

Mr. Christian Hogg, Chief Executive Officer of Chi-Med, said, “Over the last few months, we have made significant development, regulatory and commercial progress in several oncology programs intended for the global market.  We are delighted therefore to welcome General Atlantic to our existing shareholder base and to further strengthen our balance sheet.  We are confident that in this phase of material progress for Chi-Med we can deliver innovative cancer therapies to patients internationally.”

Mr. David Hodgson, Vice Chairman of General Atlantic, said, “General Atlantic is committed to supporting innovation in the global life sciences industry.  Chi-Med has built a deep pipeline of assets powered by its robust research and development engine.  We endorse Chi-Med’s strategy to become a leading biopharma innovator and will leverage our global organization in support of Chi-Med’s mission to deliver safe and effective therapeutics to cancer patients in need around the world.”

Mr. Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, continued, “We believe Chi-Med is a pioneer of the Chinese biotech market in bringing advanced oncology therapies to the world.  We are delighted to partner with Chi-Med to help unlock future value.”

Chi-Med has agreed to issue the equivalent of 4,000,000 ADSs in a private placement to General Atlantic at a price equivalent to US$25.00 per ADS, resulting in aggregate gross proceeds of US$100 million to Chi-Med.  The purchase price represents a 10.4% premium to the 30-day VWAP.  The Company has also granted a warrant to General Atlantic to purchase up to an additional equivalent of 3,333,334 ADSs, at an exercise price equivalent to US$30.00 per ADS, and a term of 18 months.

Description of Share Capital and Securities Regulation

Each ADS represents five ordinary shares, par value US$0.10 each (the “Shares”).  The new Shares to be issued by Chi-Med including shares issuable upon exercise of the warrant, pursuant to the private placement will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of Chi-Med.

The securities to be sold in the private placement will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state or other applicable jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions’ securities laws.  Subject to certain conditions, the Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission registering the resale of the Shares sold in the private placement and the Shares issuable upon exercise of the warrant to facilitate future resales by General Atlantic.  Any offering of the securities under the resale registration statement will only be made by means of a prospectus.  General Atlantic has the right to appoint an observer or a representative director to the board of directors of the Company upon achieving certain ownership thresholds in the future.

This announcement, including any information included or incorporated by reference in this announcement, is for information purposes only and shall not constitute nor form part of, and should not be construed as, an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.  No public offering of the securities referred to in this announcement is being made in the United States or elsewhere.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Admission to the London Stock Exchange AIM market and Shares Outstanding After Completion

The private placement of 20,000,000 Shares (equivalent to 4,000,000 ADSs) to General Atlantic will comprise the issuance of 18,700,000 Shares (“First Tranche Shares”) and the issuance of 1,300,000 Shares (“Second Tranche Shares”).  Application will be made to the London Stock Exchange for the First Tranche Shares and the Second Tranche Shares to be admitted to the AIM market operated by the London Stock Exchange (“Admission”).  It is expected that admission of the First Tranche Shares will become effective at 8:00 a.m. British Summer Time on July 3, 2020 and admission of the Second Tranche Shares will become effective at 8:00 a.m. British Summer Time on July 6, 2020.

Following admission of the First Tranche Shares to trading on AIM, the issued share capital of Chi-Med will consist of 709,274,765 ordinary shares of US$0.10 each, with each share carrying one right to vote and with no shares held in treasury.  Following admission of the Second Tranche Shares to trading on AIM, the issued share capital of Chi-Med will consist of 710,574,765 ordinary shares of US$0.10 each, with each share carrying one right to vote and with no shares held in treasury.  The figure of 709,274,765 (following admission of the First Tranche Shares but prior to admission of the Second Tranche Shares) and the figure of 710,574,765 may be used by shareholders as the denominator for the calculations by which they could determine if they are required to notify their interest in, or a change to their interest in, Chi-Med under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

For illustrative purposes only, if the 710,574,765 ordinary shares were converted in their entirety, they would be equivalent to 142,114,953 Nasdaq-traded ADSs (each equating to five ordinary shares).

In addition, the Company will apply for the block listing of up to 16,666,670 new ordinary shares in accordance with the block listing process under Rule 29 of the AIM Rules for Companies to cover the potential exercise of the warrant.  The new ordinary shares subject to the block admission will not be allotted immediately, but rather will be issued and allotted on exercise of the warrant from time to time.  The Company will make six-monthly announcements of the utilization of the block listing, in line with its obligations under Rule 29 of the AIM Rules for Companies.  The expected effective date of admission of these securities to AIM is on July 6, 2020.