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Allegro partners with European i-bank Altium Capital

Last October, Allegro acquired boutique advisory firm Viedea Capital Advisors.

Allegro Advisors, a Bangalore-based investment bank, has formed a partnership with the European investment bank Altium Capital – one among a string of such arrangements made by local i-banks to capture cross-border advisory services.

Altium, a mid-market-focused independent investment bank, has executed transactions in excess of £14 billion since 2005.

Altium’s global network of owned and affiliate offices are expected to strengthen international M&A advisory solutions for Allegro’s clients. Altium had also entered into a similar arrangement with the US investment bank Petsky Prunier, which is active in technology, media, marketing and healthcare space.

Commenting on the partnership, Allegro chairman Kunal Kashyap said, “Emerging markets like India are seeing a significant increase in inbound and outbound cross-border M&A activity. Our partnership with Altium allows us to offer our clients international reach through Altium’s presence across its European offices and their partnership with Petsky Prunier in North America.”

Allegro is also expecting more opportunities in sectors like technology, pharma & healthcare and engineering & manufacturing, said Deepak Srinath, director (corporate) at Allegro.

“Our clients are certain to benefit from Allegro’s significant presence across India and internationally, and their contribution on recent cross-border mandates has already been invaluable, including last month’s mandate to buy stake in Tara Jewels for Austrian jewellery giant Swarovski,” stated Altium.

Last October, Allegro acquired  the boutique advisory firm Viedea Capital Advisors, which saw Viedea’s three-member team become a part of the corporate finance practice of Allegro.

Founded in 2002, Allegro has sector expertise in life sciences, healthcare, technology, consumer and industrials space. Its investment banking offices are located in Bangalore, Mumbai and Delhi. It also offers private banking, insurance advisory and brokerage services, and has a team of over 300 professional across 44 branches in India.

(Edited by Sanghamitra Mandal)

Viedea Capital Advisors Pvt. Ltd. is a venture capital advisory firm. It offers fund raising and merger and acquisition advisory to early and growth stage firms. It focuses on sectors including media and internet, technology, engineering, business services and healthcare. The company was founded in the year 2007 and is based in Bangalore, Karnataka.

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Deepak Srinath