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M&A Advisory

Sell on your terms. Buy what fits. Run as a process.

We advise promoters, strategic buyers and financial investors on sales, acquisitions and joint ventures, from valuation and structuring to negotiation and closure.

Sell-side
For promoters selling a business or a stake
Valuation, positioning, buyer identification and outreach, and a managed process to the best available outcome.
Buy-side
For acquirers pursuing inorganic growth
Target screening, approach, valuation, diligence coordination and negotiation through to closing.

A sale or acquisition needs more than an introduction.

We advise promoters, strategic buyers and financial investors on positioning, valuation, counterparty outreach, diligence and negotiation through to completion. Most of our clients are Indian businesses, and we also advise on cross-border deals where the buyer or the target is outside India.

What we cover

The full transaction, not just the introduction.

Sell-side advisory
Buy-side advisory
Strategic acquisitions
Business divestments
Joint ventures
Business valuation
Deal structuring
Financial and commercial due diligence coordination
Negotiation and transaction closure
Who we work with

Both sides of the table.

Promoters
Sale of a business, a stake or a division.
Strategic buyers
Acquisitions that add capability, market or scale.
Financial investors
Opportunities that fit an investment mandate.
Inorganic growth
Businesses pursuing growth through acquisition or joint venture.
Our process

A deal run as a disciplined process.

01
Mandate and valuation
Objectives, deal perimeter and a defensible view of value.
02
Positioning and materials
Teaser, information memorandum and financials, with the numbers made transferable to a buyer.
03
Counterparty outreach
Targeted approach to strategic and financial counterparties.
04
Diligence coordination
Financial and commercial diligence managed so it does not stall the deal.
05
Negotiation and structuring
Price, structure and terms negotiated on your side of the table.
06
Closure
Definitive documents through to completion.
M&A track record

40+ M&A deals. Recent mandates.

All transactions →
Sole buy-side advisor
Saince Inc
Helped Saince Inc acquire an India-based health-tech firm.
Joint sell-side advisor
Divo
Advised Divo on a strategic sale to Warner Music.
Sole buy-side advisor
Energi Group
Helped Energi Group acquire New York-based Salt Studios.
FAQs

Common questions on M&A.

When should a promoter start preparing for a sale?
Well before a buyer is approached. Acquirers pay for businesses that run without the promoter and whose numbers can be relied on; both take time to build.
How do you keep a sale confidential?
Counterparties first see an anonymous teaser. Identity and financials are shared only after a non-disclosure agreement.
Do you advise only sellers?
No. We act on both sides, including as sole buy-side advisor on cross-border acquisitions.
What is sell-side M&A advisory?
A sell-side advisor represents the seller: setting a valuation range, preparing marketing materials, approaching buyers, running the process and negotiating price and terms through to closing.
How is a business valued in a sale?
Typically by a combination of earnings and revenue multiples, comparable transactions and discounted cash flow. The quality of earnings, the dependence on the promoter and the growth outlook move the number as much as the method.
How long does an M&A transaction take?
It varies with the size, complexity and readiness of the business. Preparation before approaching counterparties is usually what separates a smooth process from a drawn-out one.
Can an acquisition be financed as part of the mandate?
Yes. Acquisition finance sits within our Debt Advisory practice, so funding can be structured alongside the deal.

Considering a sale, an acquisition or a partnership?

Start a confidential conversation