M&A firm Parthenon plans Asia HQ in MumbaiBS Reporter / Mumbai January 17, 2008Parthenon Group, the advisor behind the big-ticket takeover of Reuters by Thomson Corporation, is foraying into the Asian markets by setting up its headquarters in Mumbai.The group is looking at offering services to companies in India, the Middle East, Singapore and China from its Indian office, mainly on strategies, mergers & acquisitions (M&A) and equity funding."The companies in the Asian region require consultancy services as most of them are looking at improving capabilities, either through enhancing strategies or through acquisitions. These companies need outside advice, and we would look at providing them from our India office," William F Achtmeyer, chairman and managing partner, Parthenon Group, told Business Standard in an interview today.The group is bringing in its global expertise and human capital, and of the total 10 employees they intended to recruit, five would be internationally-acclaimed personnel, he said."Private equity market is growing and 10% of our total business is from that market. On setting up a fund for the country, we are do not have any short-term plans, but we will be venturing into this sector in the medium-term," Achtmeyer said.Parthenon Group would focus on a range of verticals including industrials, consumer, healthcare, education, business and financial services, private equity and hospitality.Globally, the group provides consultancy and private equity services to clients including Ford, ebay, HSBC, Health Net, Medtronic, Anheuser-Busch, BainCapital, Friedman Fleischer & Lowe and leading Indian IT companies.One of the biggest deals advised by the group was Thomson Corporation
