Fidelity Growth Partners, the India-focused private equity arm of Fidelity Worldwide Investment has invested $20 million (Rs. 110 crore) in Indian data analytics services provider AbsolutData to acquire a minority stake..J. Sagar Associates advised AbsolutData with a team led by Partner Manvinder Singh along with Associate Tresa C. J..Schulte Roth & Zabel LLP acted as US legal counsel to AbsolutData with a team led by Partner Peter Halasz..Trilegal advised Fidelity with a team led by Partner Harsh Pais while Goodwin Procter LLP acted as International legal advisor to Fidelity. Partner Yash Rana led Goodwin team..ET reports, AbsolutData will deploy the funds to expand its operations. AbsolutData today works with marquee clients across 40 countries to help them gain real time insights to increase profitability and growth through big data analysis. The company employs 275 professionals across offices in San Francisco, Los Angeles, New York, Chicago and Gurgaon..FGPI focuses on cross-sector growth capital investing and typically invests between $10-50 million.
