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Thursday, December 13, 2012

Kotak Mahindra Cap ties up with SMBC Nikko for M&A advisory services

Investment bank Kotak Mahindra Capital Company has announced a strategic alliance with (SMBC) and SMBC Nikko Securities Inc, a wholly-owned subsidiary of SMBC for cross-border M&A advisory services between India and Japan.

Kotak Mahindra Capital Company is a subsidiary of Kotak Mahindra Bank while SMBC is the core financial institution of Sumitomo Mitsui Financial Group. SMBC Nikko is a full-service securities and investment banking firm in Japan.

In 2010, Kotak and SMBC entered into a Memorandum of Understanding for business cooperation across various businesses of mutual interest, subject to relevant regulations. Since then, both groups have collaborated in and are working on a number of areas such as trade finance, treasury products, corporate customer referrals, asset management and alternate assets.

Commenting on the alliance, TV Raghunath, Managing Director & CEO, Kotak Investment Banking said, “Japan is a priority market for cross-border M&A with India. The India-Japan corridor is one of the most important and active markets for cross-border M&A involving India. Till date in 2012, Japan ranks among the top 3 acquiring nations into India and 3 of the 10 largest announced M&A transactions involving India took place in this corridor. This is expected to increase in the future as the linkages between the two economies continue to grow.”

Kotak Investment Banking and GCA Savvian Corporation have mutually concluded their exclusive strategic cooperation agreement for M&A Advisory Services between India and Japan.


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