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Ambit Group, Daiwa Securities Group Inc in joint hunt for Indo-Japan M&A opportunities

With a cumulative equity FDI of Rs 1.3 trillion between April 2000 and September 2016, Japan has emerged as the 3rd largest source of equity FDI for India .

, ET Bureau|
Updated: Dec 16, 2016, 04.23 PM IST
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Ambit Group has partnered with Japan’s Daiwa Securities Group Inc for mutual collaboration in mergers & acquisitions advisory services between companies from India and Japan.
Ambit Group has partnered with Japan’s Daiwa Securities Group Inc for mutual collaboration in mergers & acquisitions advisory services between companies from India and Japan.
MUMBAI: Ashok Wadhwa controlled financial services firm, Ambit Group has partnered with Japan’s Daiwa Securities Group Inc for mutual collaboration in mergers & acquisitions advisory services between companies from India and Japan.

With a cumulative equity Foreign Direct Investment of Rs 1.3 trillion between April 2000 and September 2016, Japan has emerged as the 3rd largest source of equity FDI for India over this period and the trend is expected to accelerate going forward.

“India has been a most favored nation for Japanese businesses. The Indian economy and corporates have always attracted interest from high quality Japanese corporations. Being patient investors, Japanese investors are well suited to long term investment needs of the Indian economy,” said Ashok Wadhwa, Group CEO, Ambit.

“Japanese companies are increasingly identifying India as a key geography for expansion given India's status as one of the world's fastest growing economies and strong demographic profile. Ambit has a highly experienced M&A advisory team with a strong track record. We believe that our alliance with them complements our existing platforms in Asia, Europe and North America and creates a strong support for the strategic plans of our Japanese clients in India,” said Kentaro Konishi, President and CEO, Daiwa Capital Markets India.

Ambit has been the advisor to 27 M&A and ECM transactions since calendar year 2015, across various sectors, with an overall deal value in excess of $ 5.5 billion.

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