Tuesday, March 13, 2007

Domestic investment bank Allegro ties up with UK-based Close Brothers for cross-border opportunities

While the JM Financial-Morgan Stanley JV unravels, another one seems to be in the making. Allegro Capital Advisors, a domestic investment bank with a pan-India presence has tied up with UK-based investment banking firm Close Brothers for cross-border investment banking partnerships in South East Asia.

The alliance would enable Allegro to offer international investment banking services and deliver a global platform of M&A opportunities to Indian businesses. The firm claims to be already sitting on a number of cross border acquisition mandates from Indian corporates.

Close Brothers focus on the mid-market corporate segment. It is UK’s largest listed investment bank with a network of 450 investment banking professionals across 36 offices located in 20 countries.

Read The Economic Times article.

1 comment:

ilanit said...

Just to put matters in perspective: Los Angeles private equity and buyout group, Blackstone, is valued at around US$40 billion. It has US$78.7 billion of assets under management. Another US private equity firm, the Carlyle Group, has US$54.5 billion under management and is now raising a US$15 billion leveraged buyout fund in the US.