<div><em> If talks fructify, this will be one of the bigger deals in this sector, writes <strong>Paramita Chatterjee</strong></em><br><br>Carlyle, one of the world's largest private equity groups, is in advanced talks to invest a significant amount in Anupam Rasayan, a Gujarat-based manufacturer of specialty chemicals with products catering to a host of segments including pharmaceuticals, agrochemicals and dyestuff, said two persons familiar with the transaction.</div><div> </div><div>The exact quantum of stake could not be ascertained. However, if talks fructify, this will be one of the bigger deals in this sector, said one of persons mentioned above. Carlyle, which operates out of two funds in India - Carlyle Asia Partners, the buyout fund and Carlyle Asia Growth Partners, the growth fund – is known for significant transactions. It was recently in news for committing to invest up to $500 million in Magna Energy Ltd, an India-focused upstream oil and gas company.</div><div> </div><div>When contacted, Carlyle spokesperson declined to comment on the story, while an email sent to an executive in Anupam Rasayan did not elicit any response.</div><div> </div><div>Anupam Rasayan primarily undertakes contract manufacturing of specialty chemicals for reputed international clients. It has two manufacturing units in the chemical zone of a government-notified industrial area in Gujarat. In 2013-14 fiscal, the revenue of the company stood at Rs 228.49 crore.</div><div> </div><div>The specialty chemicals segment in India is hotting up with action with investor interest increasing in the sector. Demand for specialty chemicals is increasingly going up with a host of multinational companies considering India as the sourcing and manufacturing hub due to its cost advantages. Also, with the government’s and industry’s focus towards manufacturing, this sector is likely to boom in the years to come, said industry experts. Recently, Germany-based specialty chemicals group Evonik Industries AG was in news for its decision to acquire Mumbai-based Monarch Catalyst Pvt Ltd, which manufactures nickel catalyst for oils & oleochemicals.</div><div> </div><div>Globally, Carlyle has over $193 billion of assets under management. It forayed in India in 2000 and since then, it has invested around $1.1 billion across various verticals such as consumer & retail, financial services, healthcare, industrial, real estate, and technology & business services.</div>
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