Dealmakers Sewing Up Deals Among Themselves: GLG-Origo; Emissary-Headway Capital
Dealmakers are busy shaking hands among themselves. Among two such deals is that of the leading alternative asset manager GLG Partners’ joining hands with Origo Sino-India plc, an investment and strategic consulting company focused on the private equity markets of China and India.
According to the MoU, the two will “explore the development of a broader strategic relationship focused on asset management and advisory opportunities in China, India and other emerging markets”. Origo will also provide GLG with research services for a period of three years for a fee of 3 million pounds that will include analysis, evaluation and generation of investment opportunities in the Chinese and Indian markets. Origo owns a portfolio of proprietary investments in China and India and is looking to expand its investments. GLG has also picked up 29.6 per cent in Origo through new shares for about 17.1 million pounds.
The other deal involves New York-based merchant bank Emissary Capital, specialising in Indian companies, entering into an exclusive strategic alliance with Headway Capital Advisors, an Indian investment banking and private equity firm.
Last year, Avendus Advisors had joined hands with Germany’s goetzpartners, a leading European corporate finance advisory and management consulting firm.
