Chrys Capital

Sanjay Jalona, the former chief executive and managing director of Larsen & Toubro Infotech (LTI), will be joining private equity fund Chryscapital as an operating partner. In May, L&T had announced a merger of LTI and Mindtree, its group companies engaged in information technology services, to create the sixth biggest company in the sector by revenues. Mindtree's Debashis Chatterjee was named as the head of the combined entity, while Jalona, who headed the bigger of the two merging companies, moved out. Jalona will be the operating partner for the business services sector based in the US for the PE investor and work closely with the advisory team led by Akshat Babbar in sourcing, identifying, evaluating, management and exit related activities in relation to investments made in the sector, according to a statement. "...he will play an instrumental role in helping accelerate the growth for the fund's portfolio companies. ChrysCapital has ambitions of creating a far bigger ...

Sanjay Jalona will be based in the US, look after investments in the business services sector

Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands

Existing investors, Sequoia India & The Three Sisters Institutional Office (TTSIO) also participated in the current round

Names Sanjay Kukreja as its new chief investment officer and Ashley Menezes as the chief operating officer

GIC, CPPIB may co-invest in a deal that values company at $3.5 billion; deal may involve secondary sale of shares by promoters, who hold 89% stake