Deutsche Bank's M&A head quits to join MAPE Advisors

Prior to joining Deutsche Bank, Moharikar was MD investment banking at Credit Suisse Securities (India) Pvt. Ltd

Sughosh Moharikar, former head of mergers and acquisitions (M&As) at Deutsche Bank AG’s India operations, is all set to join Mumbai-based butique investment banking firm MAPE Advisory Group. Moharikar, who joined Deutsche Bank in 2011, put in his papers about 2 weeks ago. According to people in the know, Moharikar is serving a 3-month gardening leave at Deutsche Bank and will join MAPE by May 2013.

Prior to joining at Deutsche Bank, Moharikar was the managing director of investment banking at Credit Suisse Securities (India) Pvt. Ltd. Sughosh joined Credit Suisse in 2008. Earlier, Moharikar was with Kotak Mahindra Capital, where he worked for 14 years and was ED and head of M&A.

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When contacted, Jacob Mathew, Managing Director at MAPE has confirmed the development.

It is the second high-level hiring at MAPE Advisory. Earlier, as reported by Business Standard, Sunil Mehra, former managing director, corporate finance group at Standard Chartered Bank joined MAPE Advisory Group as managing director, I-banking in 2011.  MAPE Advisory Group, a boutique investment bank, was founded in 2001 by former DSP Merrill Lynch bankers Jacob Mathew and Ramprasad.

In 2011, MAPE had advised Jyothy Laboratories Ltd (JLL) for its buyout of 51 per cent stake in Henkel India Ltd (HIL) from Henkel AG & Co. KGaA (Henkel AG). It had also advised Shriram EPC Ltd in its sale of stake in Sree Jayajothi Cements Ltd to My Home Industries Ltd, owned by Ireland's building materials provider CRH. Last year, MAPE was also involved in Blackstone’s $100-million buyout of Agile Electric.