.
MergerLinks Header Logo

Announced

Avendus Capital to acquire the institutional equities business of Spark Capital.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

India

Majority

Friendly

Private

Single Bidder

institutional equity

Domestic

Pending

Investment Banking

Acquisition

Private Equity

Synopsis

Edit

Avendus Capital, the investment banking arm of Avendus Group, agreed to acquire the institutional equities business of Spark Capital, a financial advisory firm. Financial terms are not disclosed. “Spark has built one of the most respected Institutional Equities businesses in India, backed by a strong management team, led by Ganeshram. We always want to bring the best to our clients and after careful consideration we have partnered with Spark’s management team. Their focus on knowledge, excellence, talent and doing the right thing resonates very much with our DNA. With this partnership, we will be significantly enhancing our service offerings to our Investment Banking and Wealth clients,” Gaurav Deepak, Avendus Capital Co-founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US