How a 4-year-old boutique firm clinched 2nd spot in M&A league

Essar Oil is not the only billion-dollar deal in the boutique firm's kitty

It took 30 trips to Russia over two years for veteran investment banker Rajeev Gupta to bring in the single largest foreign direct investment (FDI) of $12.9 billion when he helped Ruias sell their 98 per cent interest in Essar Oil to Russian oil major Rosneft late last year. The deal included the sale of Essar’s Vadinar port in Gujarat and its facilities worth $2 billion.

This also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions (M&A) league table four years after the pure