Baird and Axis Capital Announce Strategic Alliance for Investment Banking
MUMBAI, Dec. 17, 2012
Baird, an employee-owned, international financial services firm, and Axis Capital
, the investment banking subsidiary of Axis Bank
, one of the leading private sector banks in India, today announced a strategic alliance for investment banking services, with an initial focus on cross-border mergers & acquisitions (M&A) between India and Europe, and India and the U.S. Through the alliance, the two leading investment banks will enhance their respective M&A offerings by leveraging each bank’s strong knowledge of M&A and capital markets and specific industry sectors, as well as their deep corporate relationships within those sectors.
The alliance between Baird and Axis Capital is on an exclusive basis. While the initial focus is cross-border M&A, the relationship between the two banks also encompasses other investment banking engagements, subject to necessary regulatory approvals, such as public offerings in the U.S–. and private placements of equity.
, Director of Baird Investment Banking said: “We are delighted to be partnering with Axis Capital, a partner who shares our values, including providing the best client service. This strategic alliance broadens Baird’s global footprint, further expands our international reach, and enhances our overall M&A franchise by strengthening our ability to serve clients around the world. Along with our growing presence in China and recent addition of a senior banker focused on Japan M&A, this partnership represents another example of Baird’s ongoing investments in its global investment banking platform.”
Commenting on the alliance, Manish Chokhani, MD & CEO of Axis Capital said: “In the evolving structure of global investment banking where specialized advisory firms are of great value - we believe Baird’s ambition to be the best middle market financial services firm in the world matches our ambitions for Axis Capital. As the international aspirations of Indian companies grow, their need for high-quality strategic advice will gain importance. With a view to servicing this need, Axis Capital is gaining a strong partner across key geographies thereby giving our clients expertise and access.”
Baird is an employee-owned, international capital markets, private equity, wealth and asset management firm with offices in the United States, Europe and Asia. The firm’s investment banking business includes more than 200 professionals who provide corporations, entrepreneurs, private equity and venture capital firms with in-depth market knowledge and extensive experience in merger and acquisition and equity financing transactions. Since 2007, Baird has advised on more than 230 M&A transactions representing $43 billion in transaction value and has served as lead or co-manager on 250 equity offerings raising more than $76 billion.
Axis Capital is a premier, full-service investment bank in India, offering a range of financial advisory services and capital market solutions to its clients. Axis Capital combines the financial strength of Axis Bank with the expertise of Enam Securities Limited, which has a nearly 30-year track record in investment banking. Enam was acquired by Axis Bank in 2011 to form Axis Capital in October 2012. The firm is ranked amongst the top three domestic M&A banks in India (Mergermarket data for the period April 2011 to September2012) and is ranked amongst the top three ECM banks with a consistent market share of over 20 per cent of all domestic Indian equity issues. In addition, Axis Bank is ranked #1 on Bloomberg Debt Underwriter league tables from 2008 to 2012.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,700 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has nearly $97 billion in client assets. Committed to being a great place to work, Baird ranked No. 21 on FORTUNE’s 100 Best Companies to Work For in 2012 – its ninth consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s Web site at rwbaird.com
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 1,741 domestic branches (including extension counters) and 10,297 ATMs across the country as of 30th September, 2012, the network of Axis Bank spreads across 1,113 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has overseas offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai and Abu Dhabi. The Bank’s website axisbank.com
offers comprehensive details about its products and services.