Global Alliance of Special Situations Investment Banks Adds India Member
Philadelphia, PA-September 9, 2015 — Global Special Situations M&A (“GSSM&A” or the “Alliance”), a global alliance of investment banking firms which focus on special situations transactions, announced that L&T Infrastructure Finance Company Limited (“L&T Infra Finance”), one of the largest private sector infrastructure financing solution providers in India and based in Mumbai, Maharashtra, has become a member. The expansion enhances the coverage of member firms, which already includes strategic partnerships in Europe, Asia, Latin America and North America. In addition to L&T Infra Finance, partners include U.S.-based SSG Capital Advisors, LLC; Germany-based Saxenhammer & Co.; Asia-based Teak Capital Corporation; and Brazil-based TCP Latam.
L&T Infra Finance, founded in 2006, is a leader in infrastructure financing in India with an asset book of over US$2.9 billion, offering products and services across project finance, corporate lending and financial advisory. The equity financial advisory services team of L&T Infra Finance provides advisory support to mid-market companies in areas such as capital structuring, equity fund raising, debt fund raising and placements and M&A. Significant recent investment banking deals closed by L&T Infra Finance include the private equity investment of a Canadian pension fund into a leading road developer of India, the sale of the wind assets of a power project developer to a renewable power company and the sale of a GCC subsidiary of an Indian education company to a Qatar based business conglomerate.
Mr. G Krishnamurthy (Chief Executive, L&T Infra Finance) quoted from the IMF’s Regional Economic Outlook 2015, “India is the world’s fastest growing big economy.” He further added, “The growth story has generated keen interest among global players for entry into India, which has been a key driver of inbound deal activity. Simultaneously, Indian companies have been looking to acquire companies outside of India to gain market access and secure technology and natural resources. These trends have created significant cross-border M&A opportunities.”
“We are very pleased to add L&T Infra Finance as a member. They maintain relationships with hundreds of corporations throughout India, which will be a great benefit to member firms and their clients,” said Wilbert Sanchez M. de O. of TCP Latam.
The Alliance was established in 2014 to enhance each member firm’s cross border deal execution capabilities by providing their clients access to a global network of special situations investment banking professionals as well as their respective in-region buyer, investor and lender networks. In addition, the alliance allows GSSM&A member firms to better market their services globally through cross-referrals and joint pitches and engagements. Services provided by member firms include mergers and acquisitions, corporate finance, capital raising, valuation, financial restructuring and bankruptcy/insolvency advisory.
GSSM&A is in active discussions with potential members covering other major economic centers across the world. “Through GSSM&A membership, firms are better equipped to serve clients with international footprints while still offering the culture and personal touch of a boutique firm,” said Lampros Vassillou of Teak Capital Corporation.
More information is available on GSSM&A’s website at www.gssma.com/ or by contacting:
Michael Goodman of SSG at +1-610-940-5806 or firstname.lastname@example.org
Christian Saxenhammer of Saxenhammer at +49 30 755 40 87-0 or email@example.com
Lampros Vassillou of Teak at firstname.lastname@example.org
Wilbert Sanchez M. de O. of TCP at +55 (11) 3062-8634 or email@example.com
Virender Pankaj of L&T Infra Finance at +91 22 40605 393 or firstname.lastname@example.org
About SSG Capital Advisors
SSG Capital Advisors is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions. We provide our clients with comprehensive advisory services in the areas of mergers and acquisitions, private placements, financial restructurings, valuations and litigation and strategic advisory. SSG has a proven track record of closing over 250 transactions since 2001 and is one of the leaders in the industry.
About Saxenhammer & Co.
Saxenhammer & Co is a partner-owned boutique investment bank. Its partners have been offering M&A advisory in special situations since 1996. We provide middle-market companies with services in the areas of mergers and acquisitions, capital raising, balance sheet restructuring and debt advisory. We have a track record of executing over 100 transactions in Europe and are one of the leading special situations firms in the field.
About Teak Capital Corporation
TEAK is a Turnaround Management Acquisition Corporation focused on four principal business lines: 1) TEAK Capital Partners: originator of co-investment opportunities with its capital partners; 2) TEAK Acquisition Corporation: provider of reliable risk transfer to corporate sellers seeking rapid exit in corporate carve-out situations; 3) TEAK Turnaround Management: provision of restructuring and turnaround management leadership; and 4) TEAK Industries: a private industrial corporation which invests in and manages strategically selected growth industries.
About TCP Latam
TCP Latam is a partnership that provides interim management and capital raising services for middle-market companies in Latin America with a focus on Brazil. The core team is comprised of finance professionals with operating experience in positions of CEO, COO, CFO and Controller. In addition, we work with a network of operating professionals with experience in human resources, information technology, accounting and sales.
About L&T Infrastructure Finance Company Ltd
L&T Infrastructure Finance Company Limited (L&T Infra Finance) is a subsidiary of L&T Finance Holdings, a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its wholly-owned subsidiaries. Within a span of eight years, L&T Infra Finance has emerged as one of the largest private sector infrastructure financing solution providers in India. Domestic debt instruments issued by L&T Infra Finance are rated “AA+” (High Degree of Safety regarding servicing of financial obligations) by leading rating agencies, ICRA (an associate of Moody’s Investor service) and CARE.