Devonshire Capital

Devonshire Capital is a privately owned merchant banking organization founded in 1995, with its headquarters in Bangkok, Thailand. The firm operates through a network of offices across Asia, including locations in China, India, and South Korea, as well as representatives in London and the Asia Pacific region. Devonshire Capital specializes in private equity investments, focusing on buyouts, acquisitions, and growth capital. Its investment strategy targets sectors such as consumer non-durables, agriculture, cleantech, oil and gas, manufacturing, and infrastructure, primarily within Asia. The firm combines locally based teams with cross-border international professionals to enhance its investment approach.

Arthit Narula

Partner

Charles Newson

Associate Director

Philip Newson

Senior Partner

Kush Verma

Partner

Mike Won

Partner

1 past transactions

Patanjali Foods

Acquisition in 2017
Ruchi Group of Industries is a well-known Indian conglomerate with business interests in diverse field like FMCG, Oils, Steel, Cement, Power, Real Estate, Dairy Products, Agro Commodities, Logistics and Warehousing. The group has its corporate headquarters in Indore, with offices and plants located at major business centers in the country. Ever since their foundation, they have pursued an unstinted path of growth despite national and international competition.
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