Joins as the exclusive Indian Member of international corporate finance network of investment banking boutiques and advisory firms | |
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| MUMBAI, April 12, 2007: Singhi Advisors Limited (formerly M/s Singhi & Associates Advisors Private Limited), one of the top 10 Indian corporate finance firms and investment banking boutiques, has assumed a new identity in sync with its global focus, vision and mission. Singhi Advisors Ltd. has also earned the coveted distinction of being inducted as the new and exclusive Indian Member of "Mergers-Alliance", a leading international network of independent investment banking boutiques and corporate finance advisory firms offering seamless services on Mid-Market transactions. With the successful closure of more than 78 transactions valued at over Euro 4 billion to its credit, Mergers-Alliance is ranked No. 19 globally as per Thomson Financial Table 2006 and is consolidating its position further in the international arena. |
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| Mr. Mahesh Singhi, Managing Director, Singhi Advisors Limited, said, "Being one of the prominent players in the corporate finance sector and after servicing more than 800 clients, we are witnessing a growing need amongst our clientele to move across borders and forge global partnerships including acquisitions. Joining hands with Mergers-Alliance will better position us to service our client's global aspirations through the network of 50 offices across 20 countries with 20 like-minded leading firms sharing the same value and expertise." |
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| "Singhi Advisors Ltd. now provides Indian companies an easy access to global opportunities thanks to its collective wealth of knowledge and experience in international markets. Having built a leadership position with an impeccable track record of successfully completing numerous M&A deals in the challenging 'Mid-Market' segment, Singhi Advisors Ltd. today gets more than 60% repeat business. We foresee tremendous growth in the dynamic 'Mid-Market' segment, which has just begun to unfold with a never-seen confidence evident in the serial acquisitions by many Indian companies buying entities many times their size," Mr. Singhi added. |
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| Mr. Abhijeet Biswas, Vice President, Cross-Border M&A, Singhi Advisors Ltd., said, "Since India is one of the most diversified emerging markets, international firms want to be a part of the domestic landscape by acquiring Indian companies or partnering with them. And simultaneously, Indian firms are increasingly going global. With this development, we have taken a significant step in sync with our ambitious global growth strategy. With its diverse clientele, strong relationships and multi-locational setup in India, Singhi Advisors Ltd. is uniquely poised to provide exceptional value to discerning clients around the world." |
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| Merger-Alliance zeroed in on Singhi Advisors Ltd. while seeking to bring on its board a professional and highly respected partner in India, who could help it (and its increasing client base) access the rising need of this highly dynamic and growing market. Singhi Advisors Ltd.'s strong sectoral understanding, multi-dimensional focus and well-established relationships will prove to be a great asset to the Members of Mergers-Alliance and give it the desired access to the lucrative opportunities in the Indian market. |
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| Mr. Stas Michael, Business Manager, Mergers-Alliance, said, "The addition of Singhi Advisors Ltd. in our global network is a crucial step in the growth of Mergers-Alliance. With the ever increasing cross border activity into and out of India, it was vital that we were able to bring on board a professional and highly respected partner in India so as to be able to access the constant flow of opportunities in this market." |
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| About Mergers-Alliance |
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| Mergers-Alliance is an international network of independent firms offering high quality advice on mid market transactions. By bringing together an international team of dedicated corporate finance specialists with real experience of completing transactions together, Mergers-Alliance provides a local contact point with an international reach. Cross border transactions represent an increasing proportion of M&A activity. And Mergers-Alliance is well placed to offer advice on delivering the full benefits of an acquisition through its detailed integration planning. With the 20 exclusive member firms, the network has offices in 50 cities. |
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| About Singhi Advisors Limited |
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| Founded in 1989 by Mr. Mahesh Singhi, an engineer by qualification, Singhi Advisors Limited (formerly Singhi & Associates Advisors Pvt. Ltd.) has risen rapidly from initially being a project advisory and corporate finance firm to a leading investment banking boutique outfit providing customised, innovative and value creating services in Mergers & Acquisitions, Private Equity Placement, Corporate Finance, India Entry Strategy, Turnaround Management for its valuable clientele. With an experienced and highly qualified team of 35 professionals, having collective experience of more than 250 years, Singhi Advisors Ltd. today is amongst the top 10 Indian firms operating in this space from all the major metros in India and associate overseas offices. With a multi sectoral experience, it has a strong presence in engineering and infrastructure, pharma, textile and apparel, auto ancillaries and allied manufacturing. During the last 15 years, it has handled more than 800 assignments for clients across diverse industries. It has provided seamless services to its rapidly growing client base including the Aditya Birla Group, IVRCL, Jumbo Group, Salora, CMS, Pioneer Embroidery, Nimbus, Maxwell Industries, GE Shipping, Plethico, SMC Global, Datamatics, ICRI, etc. As a testimony to its growing global reach, a long list of Indian clients, which have mandated Singhi Advisors Ltd. to find target companies beyond the Indian borders, corroborates its local knowledge and global reach. |
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