CVC adds former Carlyle exec to India team

The European private equity firm is set to launch its Mumbai outpost this year.

Mohit Goyal, a former senior associate at Carlyle Group, has joined CVC Capital Partners as investment director in India, two months after the relocation of senior managing director Siddharth Patel from London to Mumbai.

The European private equity firm is in the process of setting up an office in Mumbai this year, as it looks to make its first investment in the country.

The firm is currently investing CVC Asia Pacific IV, a $3.5 billion fund raised in 2014. Fund IV is generating a 7 percent net internal rate of return and a 1.1x return multiple as of Q1 2017, according to a source with knowledge of the matter.

Prior to joining CVC, Goyal spent five years at Carlyle where he was a senior associate working with the Asia Buyout Fund. Earlier in his career, he was an associate for Booz & Company and a consultant with Pricewaterhouse Coopers, according to his LinkedIn profile that also lists his new position.

CVC also recently hired Amit Soni, a former principal at General Atlantic, as managing director in India, local media reported.

CVC declined to comment.