Seabury Corporate Finance LLC of the United States has agreed to enter into a strategic cooperation agreement with JM Financial Institutional Securities Limited, one of India’s leading investment and wealth management institutions.
The Memorandum of Understanding, signed on August 10, 2015, stipulates that both companies will jointly work to provide Investment Banking Advisory services to their Indian corporate clients to support their activities in the Aviation and Aerospace & Defense (A&D) industries.
“This strategic partnership lays the foundation for a successful cooperation between our firms to jointly deliver a wide array of specialized advisory services to India’s growing Aviation and A&D sectors as well as the country’s government,” said Patrick Henry Dowling, Senior Managing Director of Seabury Corporate Finance LLC.
“Seabury recognizes the depth, breadth, and value of relationships JM Financial brings to our partnership, and we look forward to identifying and targeting opportunities that will leverage our companies’ core competencies and extensive industry expertise to benefit India’s institutional and individual clients.”
Mr. Vishal Kampani, MD & CEO, Institutional Securities Business, JM Financial Group, commented, “A partnership between JM Financial and Seabury will enable both parties to add significant value to their clients by leveraging each other’s individual expertise and sharing distinctive local market and domain knowledge.
“Current Government, under the leadership of Prime Minister Narendra Modi, is planning and implementing systemic changes in India’s defense procurement policy to provide an impetus to domestic production, thereby offering immense business opportunities to private sector in defense and aviation.
JM Financial’s strong advisory and execution capabilities along with Seabury’s Aviation sector knowledge and expertise will enable both parties to provide its clients with valuable advice and service. We are delighted to partner with Seabury.”
Last year was pivotal for India’s Defense sector. The country’s decisive election mandate, increased foreign direct investments that reached 49 percent, growing support for “Made in India” and the leveling of the private sector’s playing field are expected to fundamentally change the face of Defense equipment manufacturing in India, thus accelerate its participation in the global A&D sector.
Under the agreement, JM Financial and Seabury will jointly provide Investment Banking Advisory services to each party’s clients who may be seeking investment opportunities or may like to identify suitable strategic partnerships for their respective businesses.
Both companies will leverage their client relationships as well as their regional and domestic expertise in a mutually beneficial manner.
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