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.