Unitas Capital appoints partner

The Asian private equity firm formerly known as CCMP Capital Asia has hired Ajeet Singh from global manufacturing and technology company Emerson.

Unitas Capital has appointed Ajeet Singh as a partner in Shanghai. Alongside the team, Singh will identify investment opportunities and support the firm's portfolio companies in the industrial sector.

Singh spent 27 years at Emerson, a diversified global manufacturing and technology company. In his most recent role he was president, Asia Pacific, for Emerson Network Power for eight years. Prior to this, Singh was also president, Asia Pacific, for Emerson Climate Technologies as well as president for all of Emerson’s businesses in Asia Pacific.

Last month Unitas closed its third buyout fund, Asia Opportunity Fund III, on $1.2 billion, more than 50 percent short of its initial target of $2.5 billion, set when the fund was launched in April 2007.

Unitas specialises in the consumer and retail, industrial manufacturing and services sectors. It was known as CCMP Capital Asia, the Asian affiliate of CCMP Capital Advisors until the end of last year.

Both were spun out of JP Morgan Partners, the private equity division of the bank.