The license will enable Alpen Capital to provide an entire range of merchant banking services to its clients which would include issue management services, investment advisory services such as mergers and acquisitions advisory and debt and equity advisory.
With the establishment of Alpen Capital India, the group intends to bring to the forefront cross market opportunities and provide a platform for business transactions between the Middle East and India. Its positioning in the Middle East and knowledge of the Indian markets will help provide added value to its clientele in India and the Middle East and provide them with business expansion and collaboration opportunities.
Alpen Capital Group already has successful operations in the Middle East with offices in Dubai, Doha and Muscat and over the last five years has executed debt advisory, joint ventures, mergers and acquisitions transactions worth over $5bn in the Middle East, working closely with some of the regional and international banks.
Alpen Capital’s associate, Sarasin Alpen (India), launched its operations in Mumbai and New Delhi in mid 2009. Both organizations function through a unique business model wherein the investment banking capabilities of Alpen Capital complement the private banking advisory activities of Sarasin Alpen. Sarasin Alpen (India), a subsidiary of Bank Sarasin, a Switzerland-based private bank.
Rohit Walia, executive vice chairman and CEO of Alpen Capital Group, said: “We are delighted to have been granted the merchant banking license for Alpen Capital India. There are many exciting business opportunities that exist between India and the Middle East and we hope to use our expertise to provide value added services to our clientele.”
