Ambit Corporate Finance Pvt Ltd is all set to play an advisory role and facilitate a $6-8 million private equity deal for a South-based R&D company, two Internet acquisition deals and two mergers in the Internet space, according to the company's vice-president Kiranbir Nag. Ambit is also currently working with the TVS Group to assist TVS Electronics in a major corporate restructuring initiative which involves leveraging new lines of business and creating value out of the old business. Speaking to The Financial Express, Mr Nag said Ambit was currently in talks with a number of venture capitalists and the companies involved and the deals were likely to be closed shortly.``One of the consolidation deals involves the merging of two Internet players while the other involves the merger between a dotcom and a brick and mortar set up,'' he said. Ambit, has been positioned as a `boutique investment company/bank' with core focus on advisory roles especially in the M&A, corporate restructuring, private equity facilitation, etc.
Talking about new markets and segments, Mr Nag said the industry was currently going through a phase where there was adequate capital, but investors were being especially picky about the deals.
``Given this market, a lot more consolidation is expected. In technology-heavy industry segments, the bio-informatics industry is likely to see some activity,'' he said.
In the IT services segment, the managed service provider and the remote processing service provider segments are emerging markets.While pharma players moving into the bio-informatics space was likely, IT companies could get into the providing information compilation services for the bio-informatics area as a first step to eventually get into this high-tech space as well, he added.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
