ICICI Securities Ltd on Wednesday said it has entered into a strategic alliance with GCA Savvian Corporation, Japanese independent investment bank, to jointly pursue mergers and acquisitions opportunities in India and Japan.
The alliance will enhance both ICICI Securities and GCA Savvian’s respective M&A offerings by leveraging each bank’s M&A advisory capabilities, deep understanding of local markets as well as their long-standing corporate relationships within those markets to offer high quality advice to clients.
“We believe that this strategic alliance will help us gain entry in Japan, which is one of the leading nations in the world looking for acquisition opportunities in India, as well as broaden ICICI Securities’ global footprint.
“GCA Savvian has extensive expertise in deal execution and industry knowledge,” ICICI Securities MD & CEO Anup Bagchi told reporters here.
The partnership will help us leverage our combined strong knowledge of local markets and long-standing corporate relationships to provide high-quality advice and grow cross-border M&A opportunities for our clients, he said.
Japanese companies are looking at investments in pharmaceuticals, IT, auto components and logistics sectors, Bagchi said.
“The alliance with ICICI Securities will help us to grow our cross-border M&A footprint,” GCA Savvian Corporation Representative Director Akihiro Watanabe said.
GCA Savvian is a global firm headquartered in Tokyo, Japan and San Francisco, USA, providing M&A and capital raising advisory services, and is listed on Tokyo Stock Exchange.
ICICI Securities’ strong capital market presence will help GCA Savvian’s Japanese clients looking for solutions across capital markets including rights issues, open offers, delistings, etc.The alliance will also benefit from ICICI Group’s strong corporate relationships with its clients in India.
ICICI Securities is a leading full service investment bank with operations in equity markets, corporate finance, M&A advisory services.
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