Sunil Mehra, a renowned investment banker, is set to start his new stint at MAPE Advisory Group as managing director, I-banking. Mehra was earlier with Standard Chartered Bank as managing director, corporate finance group. He had quit the bank last year.
Mehra, who has almost 20 years’ experience in the investment banking sector, was involved with key transactions including Tata Chemicals’ acquisition of General Chemicals, Cimpor’s acquisition of Digvijay Cement, Mylan Labs’ acquisition of Matrix Labs, ADR issuance by Dr Reddy’s Labs and convertible bond issuances by Lupin, Panacea Biotech, Tata Motors and Tata Chemicals. Before joining Standard Chartered, Mehra worked with DSP Merrill Lynch as a director, during 2000-2006. Prior to that he was with ABN AMRO as Vice-President for five years and worked for three years with Kotak I-Bank as manager.
Mehra confirmed the development. At MAPE, Mehra will focus on mergers and acquisitions, private equity and equity corporate finance.
MAPE Advisory Group, a boutique investment bank, was founded in 2001 by former DSP Merrill Lynch bankers Jacob Mathew and Ramprasad. MAPE handles mergers and acquisitions, capital raising, and financial advisory services to private and public companies.
During the last three or four months, India Inc has witnessed the exit of a few senior investment bankers, especially in the mergers & acquisition space.
Bank of America Merrill Lynch lost Promit Ghosh, former M&A head, and Raj Kataria, former managing director and head of financial institutions group.
Both quit to start an advisory with Rajeev Gupta, former India head of Carlyle India Advisors Pvt Ltd.
Anshuman Thakur, a former director at NM Rothschild, joined Morgan Stanley as managing director at I-Banking. Sughosh Moharikar, managing director of investment banking at Credit Suisse India had also quit. He is reportedly joining Deutsche Bank as M&A head. Ganeshan Murugaiyan, former head of investment banking at UBS India has joined BNP Paribas’ corporate banking division, a couple of months ago.