JM Financial Institutional Securities Ltd has joined hands with New York-based Seabury Corporate Finance LLC to offer investment banking advisory services to Indian companies in aviation, aerospace and defence, according to a press release.
Under the agreement, the two companies will provide services to each other’s clients who may be seeking investment opportunities or may like to identify suitable strategic partnerships for their respective businesses.
“This strategic partnership lays the foundation for a advisory services to India's growing aviation and A&D sectors as well as the country's government...JM Financial brings to our partnership, and we look forward to identifying and targeting opportunities that will leverage our companies' core competencies and extensive industry to benefit India's institutional and individual clients," said Patrick Henry Dowling, managing director of Seabury Corporate Finance LLC.
“A partnership between JM Financial and Seabury will enable both parties to add significant value to their clients by leveraging each other’s individual expertise and sharing distinctive local market and domain knowledge,” said Vishal Kampani, JM Financial Group's managing director & CEO of its institutional securities business.
JM Financial Institutional is the investment banking arm of JM Financial Group.
Seabury Corporate Finance LLC, which is part of global advisory and professional services firm Seabury Group (Seabury), provides services like aerospace & defense M&A advisory, structured finance, maritime corporate finance, etc.
In 2012, Seabury had advised the Jet Airways (India) Ltd on its network and fleet strategy.