Singhi picks up 15% in global i-banking club, Mergers Alliance

Tags: Companies
Boutique investment banker Singhi Advisors has picked up 15% stake in global investment banking network Mergers-Alliance, a prestigious group of 20 niche i-bankers, making it the only domestic merchant banker to have an exclusive membership in the coveted club.

"We have been a member of the Mergers-Alliance since 2007. We recently acquired 15% stake in the 18-year-old global network, which makes us an equal partner along with five other founding members," Singhi Advisors promoter and managing director Mahesh Singhi told PTI.

However, he refused to reveal the quantum of investment citing privacy issues. "More than the return from this investment,it's the value of being a promoter of this exclusive alliance is what is important," he added.

Singhi is the only member/partner from the country in Mergers-Alliance, which allows only one member from a country, he said.

Mergers-Alliance is a leading international network of independent investment banking and corporate finance advisors servicing mid-market deals, and was initially promoted by four i-bankers from Britain, Germany, Italy and Spain. However, from this year, there are six partners with India and Russia joining the club, he said.

The alliance had closed 90 deals worth 5 billion euros last year, and was ranked 16th globally by Thomson Finance.

The founding-members of the Mergers Alliance include Catalyst of Britain, Ethica of Italy and Norgestion of Spain.

EDITORIAL OF THE DAY

  • Common test will safeguard sanctity and bring accountability to medical profession

    Recalling its order of 2013, the Supreme Court paved the way for the all-India common entrance test, the national eligibility-cum-entrance test (NEET)

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture