The investment banking arm of India’s Axis Bank and global financial services firm Baird have formed a strategic partnership to focus on cross border M&A between India, the US and Europe.
The firms said the alliance would enhance their respective M&A offerings by using each bank’s strong knowledge of the processes and of capital markets, as well as their expertise in specific industry sectors.
Although the initial focus will be on cross-border M&A, the relationship could also encompass US IPOs and private equity placements if the firms receive regulatory approval, the firms added.
Axis is the third-largest private sector bank in India, while Baird is an employee-owned international wealth manager.
Copyright © 2012 AltAssets