Mid-market investment bank Intellecap Advisory Services has started a debt investment banking practice that draws on the firm’s venture capital and private equity fundraising operations, it said on Thursday.
Intellecap will be offering customised solutions and strategies to clients to help them meet their expansion and refinancing requirements and reduce borrowing costs. It will also assist them with transaction structuring and debt fundraising from banks, financial institutions, private placement of debt, commercial paper and external commercial borrowings.
“With our existing clients moving from early to growth stage and to meet their increasing fund requirements, starting the debt investment banking practice is a logical extension as it completes our
fundraising offering and enhances our existing capabilities” said Gagandeep Bakshi, head – investment banking, Intellecap.
“This is an exceptional opportunity to build the debt investment banking practice as the interest rate situation in India is declining with the 10-year benchmark GOI security currently at three-year low of 7.41 per cent and the funds accessed by corporates through the debt markets—which have been growing at 23.7 per cent compounded annual growth over the past five years—crossing Rs 11.40 lakh crore at the end of FY2015-16,” said Nisha Dutt, CEO, Intellecap.
Founded in 2002, Intellecap claims to have a track record of facilitating equity capital worth over $300 million to more than 50 enterprises from marquee domestic financial institutions, PE and VC firms.