M&A boutique Valores Capital to target financial sector
Bankers from top firms in India and the US have teamed up to launch Valores Capital Partners LLC, a specialist M&A boutique to target the financial sector.
Valores, with offices in New York and Mumbai, is focused on “high growth/high margin” businesses, offering clients strategic advice on M&A opportunities.
Within the financial services sector, Valores has a dual focus, a statement from the firm said. One is the global investment management industry and affiliated sectors such as brokerage, financial technology and service providers to the investment community including administrators/custodians, index providers and analytics companies.
The second is a broader financial institutions focus in India and ultimately, developing Asia. Valores provides M&A and corporate finance advisory services, including private capital raising.
Karamvir Gosal, the firm’s founder and managing member, previously served as a senior banker within the financial institutions groups at Jefferies, Credit Suisse, and Putnam Lovell and advised on several US as well as cross-border transactions involving Asian financial companies.
C.L. Handa, Valores’ managing director in India, was head of SBI Merchant Banking in New Delhi, the investment banking arm of State Bank of India, the country’s largest bank. He also served as head of Southeast Asia for SBI and was managing director at Sobhagya Capital, a leading Indian boutique investment bank.
Hal Strong and Phil Maisano, two veteran investment executives, serve as senior advisors to Valores. Strong, an operating executive with private equity firm Genstar Capital, is a former vice chairman, COO and CFO of Russell Investments.
Maisano is a former vice chairman and chief investment officer at Dreyfus and chief investment strategist at parent company BNY Mellon Asset Management.
“Faced with shifting investor preferences, heightened macro event risks and uncertain and somewhat schizophrenic markets, investment managers are facing a unique set of challenges,” Gosal said.
“Moreover, the higher growth and savings rates and increasing share of world financial assets of the developing markets, coupled with their unique market structures and nascent stage of development has profound implications for global financial players, particularly asset and wealth managers.