DCS Advisory India, an investment bank serving mid-sized firms, on Thursday said that Deepam Sanghi, former investment banker at Paris-based Rothschild and HDFC Bank, has joined the firm as one of its managing directors and head of its consumer, retail, and leisure team.
Based in Mumbai, Sanghi will help accelerate DCS Advisory India’s growth in consumer practice, with focus on cross-border operations and fund-raising needs of consumer companies, the firm said.
Before joining DCS Advisory India, Sanghi was at HDFC Bank for 11 months, where he served as senior vice-president of investment banking. Before that, he was at Paris-based global advisory firm Rothschild for a little more than 17 years, where he last served as director.
Sanghi, who is a graduate from IIT-Varanasi and an MBA degree holder from IIM-Lucknow, has over 18 years of experience in investment banking, providing strategic advice and overseeing capital-raising primarily in the consumer industry.
He has overseen numerous transactions in the consumer sector including the acquisition of Tirumala Milk Products by Lactalis, the merger of Tata Global Beverages and Mount Everest Mineral Water, and McCormick’s acquisitions of Kohinoor Specialty Foods and a minority stake in Eastern Condiments.
DCS Advisory India
DCS Advisory India provides merger and acquisition (M&A) advisory and private capital-raising services for companies in India. It is an affiliate of DCS Advisory LLC and Japan's Daiwa Securities Group Inc. Along with DCS Advisory LLC, DC Advisory, other Daiwa affiliates, and alliance partners, DCS Advisory India is part of a global brand that has a total of 900 employees in 37 offices across the Americas, Europe and Asia.
In March, Daiwa had announced that Sagent Advisors and Signal Hill will merge to form a new North American advisory firm called DCS Advisory, with special focus on M&A advisory and private-capital raising services.
“Over the past five years, DCS Advisory India has advised on 12 online consumer transactions,” said Klaas Oskam, managing director and head of DCS Advisory India.
Under Oskam, the India unit focuses on sectors including technology and software, consumer, retail and leisure, media and telecom, and business and tech-enabled services. The firm has offices in Mumbai and Bengaluru.