Domestic investment bank Avendus Advisors will invest in the outsourcing sector in knowledge-oriented and outsourcing companies in the areas of legal processes, financial services and equity research. The boutique bank will invest out of its $200 mn fund which was formed in December 2006 in association with US-based venture capitalist Mayfield Fund. Avendus is still tying up the finances.
Investments will be done in companies with revenues of Rs. 80 crores to Rs. 100 crores and with a track record of 3-5 years.
Avendus is also advising on mergers and acquisitions for software technology and auto component companies. It has recently announced a tie-up with European investment bank and management consulting outfit goetzpartners (See Related Post).
Read The Financial Express article.
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