Mumbai, Oct 24RSM Equico, an investment banking arm of US-based H&R Block, a $7 billion, Fortune 500 financial services company, specialising in M&As for middle-market businesses, is all set to expand its presence in India.
The company's officials, on their second visit to India, have discussed as many as 40 buying opportunities overseas to 60 companies here. RSM is expecting to close a few transactions very soon.
Says Malik Sharif, vice-president, RSM Equico, “The deals range from $15 million to a maximum of $400 million across sectors like energy & construction, chemicals, manufacturing, BPO and technology among others.”
The third ranked investment banker in the US (by number of deals) expects its next immediate deal to be in the chemical space where the Indian company is looking for an acquisition in the US. The deal is expected to be in the range of $10-20 million.
“We are in aggressive talks in 3 to 4 deals at various stages and we are hoping to close these deals in the next two to three months,” said Akhilesh Ayer, COO, Investment banking group, RSM McGladrey.
RSM EquiCo had been adviser to Canada-based Quickmill, which got acquired by India’s Batliboi in March this year, being the company's first deal involving an Indian company.
RSM Equico has about 240 sell-side mandates, which translates into a deal-plate of about $8 billion, across different industries and it plans to offer this international deal plate to Indian buyers.
