From the Wires
Baird And Axis Capital Announce Strategic Alliance For Investment Banking
By: PR Newswire
Dec. 17, 2012 03:30 AM
MUMBAI, India, Dec. 17, 2012 /PRNewswire/ -- Baird, an employee-owned, international financial services firm, and Axis Capital, the investment banking subsidiary of Axis Bank, one of the leading private sector banks in India, today announced a strategic alliance for investment banking services, with an initial focus on cross-border mergers & acquisitions (M&A) between India and Europe, and India and the U.S. Through the alliance, the two leading investment banks will enhance their respective M&A offerings by leveraging each bank's strong knowledge of M&A and capital markets and specific industry sectors, as well as their deep corporate relationships within those sectors.
The alliance between Baird and Axis Capital is on an exclusive basis. While the initial focus is cross-border M&A, the relationship between the two banks also encompasses other investment banking engagements, subject to necessary regulatory approvals, such as public offerings in the U.S. and private placements of equity.
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