SBI Caps becomes member of M&A Intl

Written by Corporate Bureau | Mumbai, Sep 26 | Updated: Sep 27 2007, 06:25am hrs
SBI Capital Markets Ltd has become a member of M&A International Inc (MAI), the world's leading alliance of mid-market merger and acquisition specialists, to increase its presence in the mid-market M&A space. SBI Caps has been largely focussed on the capital markets, with 80% of its revenues coming from fund raising activities and M&A contributing to only about 20%. MAI offers resources of 42 M&A advisory and investment banking firms operating in 38 countries.

M&A International members closed 290 deals in 2006 worth more than $17.5 billion, of which 88 were cross-border. MAIs deals range from $5 million to $250 million, while the average deal size is around $60 million.

The reason why we chose SBI Caps over others is because of its reach. They have the capability to reach out to the biggies as well as to the mid-market players across India by virtue of the banking relationships they have, said Murray Beach, president M&A International Inc.

We have already closed a deal along with member partner Arietti & Partners, whereby we helped Italy-based SAET group to pick up a majority stake in Pune-based IEI, said R Sridharan, managing director, SBI Caps. The domestic investment bank is also working on a number of mandates spanning across industries like pharmaceutical, lubricants, metals, IT and Telecom, with other MAI members in US, France, Russia, Chile, Holland etc.