The new venture between Avendus Advisors with goetzpartners will scout for cross-border opportunities in the Indo-Europe corridor.
MUMBAI: In a move to help Indian entrepreneurs take advantage of M&A opportunities in Europe, Avendus Advisors, a boutique investment bank, on Thursday announced a joint venture with goetzpartners, a leading European corporate finance advisory and management consulting firm.
The new venture will scout for cross-border opportunities in the Indo-Europe corridor.
“We believe the deal pipeline flow will accelerate in the days to come,” Ranu Vohra, chairman and managing director of Avendus Advisors, said.
Avendus, which is ranked in the top tier of investment banks for M&As, is steadily increasing its share in the M&A business emerging out of India. In a move to become a one-stop investment bank like its peers, it has opened an IPO practice. In another, it has set up a corporate debt services division headed by Kishore Srinivasan, a specialist in distressed debt solutions.
“Cross border M&A activity in the Indo-Europe corridor has taken a quantum leap both in terms of deal size as well as deal volumes,” says Vohra.
The partnership with goetzpartners is to enable Avendus grow its business faster in countries like Germany, UK, France, Spain and Central and Eastern Europe. The JV would focus on high-growth verticals such as IT & ITES, pharmaceuticals and healthcare, media,automotive and knowledge manufacturing.
The deal will help Indian companies wanting to expand in Europe and for European companies wanting to set up a beachhead in India, says Ranu.
Managing partner Dr Stephan Goetz of goetzpartners is not a stranger to Indian business. He is keen to see goetzpartners extend its corporate finance activities in a market with high growth potential and thus strengthen its footprint in South Asia.
Stefan Sanktjohanser, managing partner of goetzpartners, says the partners will combine their respective strengths and share networks and knowledge. “We are in a better position to provide deep sector expertise and tailor-made advice than each partner on its own,” he added.
The joint venture would be headquartered in Munich and Mumbai.
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