Avendus Advisors forms $200 mn PE fund with Mayfield Fund; to invest in the outsourcing sector

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.

Avendus Advisors ties up with leading European i-bank goetzpartners

One of the fastest-growing domestic investment banks in India, Avendus Advisors, has entered into a JV with goetzpartners, a leading European corporate finance advisory and management consulting firm. The JV will assist Indian companies for M&A opportunities in Europe.

Avendus is ranked in the top tier of investment banks for M&As, is steadily increasing its share in the M&A business emerging out of India. It has also opened its IPO and corporate debt services divisions in order to provide a one-stop solution to its client’s investment banking needs.

The partnership with goetzpartners will enable Avendus to grow its business faster in countries like Germany, UK, France, Spain and Central and Eastern Europe. The JV would focus on high-growth verticals such as IT & ITES, pharmaceuticals and healthcare, media, automotive and knowledge manufacturing. The deal will help Indian companies wanting to expand in Europe and for European companies wanting to set up a beachhead in India.

Read the complete article in DNA Money.