ICICI Securities forms alliance with Japanese investment bank GCA Savvian

ICICI Securities, the investment banking arm of ICICI Bank, has entered into a strategic alliance with GCA Savvian Corporation, a leading Japanese independent investment bank, to jointly pursue M&A opportunities in India and Japan, the two firms said in a joint statement on Wednesday.

"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," ICICI Securities said in a press release.

"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," the release said.

Commenting on development, Anup Bagchi, MD & CEO, ICICI Securities said, "This is a great opportunity for both ICICI Securities and GCA Savvian. 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. 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."

GCA Savvian is a global firm headquartered in Tokyo, Japan and San Francisco, USA providing M&A and capital raising advisory services. It is widely recognized as the leader in cross-border M&A with Japan.

Dion  Global Solutions Ltd.

Story first published: Thursday, October 24, 2013, 9:13 [IST]
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