o3 Capital, one of the leading mid-market investment banks in India, has partnered with IMAP Inc, a global leader in merger and acquisition (M&A) advisory activities. Following the deal, o3 Capital will work as a representative of IMAP in India, it said in a statement.

For o3 Capital, the partnership will help in leveraging IMAP’s global reach spread across 45 offices in 30 countries in North and South America, Eastern and Western Europe and Asia. o3 Capital currently has offices in Bangalore, Mumbai and New York.

“It is a privilege to have been selected as IMAP partner to offer M&A advisory for mid-market transactions. IMAP has a long and distinguished history of delivering superior client service to all segments of the global middle market, and we look forward to working closely with our new colleagues to complete many cross-border transactions,” Shiraz Bugwadia, director, o3 Capital, said, in the statement.

O3 Capital was launched in 2007. It provides investment advisory services on mergers and acquisitions, capital raising as well as asset management services to corporations, partnerships, institutions and individuals. It claims completion of around 40 transactions in the last 3 years with a total deal size of over $1.5 billion. The recent five advisory activities of o3 Capital include Shriram Properties Pvt Ltd, Career Point Infosystems Ltd, Concord Enviro Systems Pvt Ltd, CoOptions Technologies Ltd and Cades Digitech Pvt Ltd. While the first four transactions were in capital raising, it served Cades Digitech in M&A.   

Mark Esbeck, president, IMAP, said, “We are proud to welcome o3 Capital as our newest member firm and to have them represent IMAP in India. It will play an integral role in connecting Indian organizations to the rest of the world through cross-border and strategic advisory services that can only be delivered by IMAP.”

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