A recent press report said that Kotak Mahindra Capital Company a subsidiary of Kotak Mahindra Bank and Evercore Partners have entered into an exclusive strategic alliance for cross-border M&A advisory services between India and the United States, the United Kingdom and Mexico.
Reports said that the two leading investment banks will offer high-quality objective advice to their clients.
Mr. Uday Kotak, executive vice chairman and managing director, Kotak Mahindra Bank said that the bank has found Evercore to be a strong, world-class advisory firm. As the international He said that as the international objective of Indian companies start growing their need for high-quality and strategic advice will gain significance. He said that Kotak Investment Banking is building a global footprint with a network of strong partners across key geographies thus offering the clients expertise and access.
Roger Altman, Executive Chairman of Evercore said that they were pleased to be partnering with Kotak, the leading Indian investment bank. He also said that the strategic relationship will help in further expansion of their global reach and will help them to serve their clients around the earth.
Reports said that the US-India and UK-India corridors were important markets for cross-border mergers and acquisitions involving India. Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Its loan portfolio includes home loans, personal loans, car loan, loan against property etc. The bank has one of the largest and most respected Wealth Management teams in India. It offers the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals.