Des Moines, IA, January 30, 2006 – Leading mergers and acquisitions professionals from across the globe recently met for high-level discussions with major Indian businesses in New Delhi. The theme of the talks, organised by IMAP (International Network of M&A Partners) was Helping India Inc Go Global.
Indian companies from the IT, electronics, automotive pharmaceutical, and consumer and industrial products sectors were involved in the two-day meeting, which explored opportunities for cross-border M&A activity between India and the West.
IMAP members have already advised one Indian automotive group Amtek Auto to acquire a leading German machining company, Zelter. Amtek, a leading automotive component manufacturer with operations in India, the USA and Europe, was keen to strengthen its position in mainland Europe.
Representatives from the Indian businesses presented their acquisition strategies to IMAP members. "The quality of the management and the performance of the Indian companies were very impressive. Many are experiencing rapid growth and achieving well in excess of 20 percent net margins" said Andy Moore, Partner with UK IMAP member, Clearwater Corporate Finance.
Indian companies attending the meeting included Godrej Group, Ranbaxy Labs and United Phosphorous.
Delegates also visited the Indian automotive show in Delhi, where a number of other companies discussed their acquisition strategies in Europe and the US.
Peter Church, Managing Director of IMAP member – Asean Focus Group, who helped to organise the event in conjunction with IMAP candidate Dua-AFG said; "We have been following the Asian economies for a few decades now. We are convinced that Asia holds immense potential for the kind of deals that IMAP focuses on. India stands out in particular – it's a deal making country; is hungry to globalise; and follows accounting and business practices that are in line with international standards."
Mark Esbeck, IMAP president, said: "This event has really put IMAP on the map in India and given our members a valuable insight into opportunities in India."
About The McLean Group
The McLean Group, an IMAP member, is a middle-market investment bank providing merger and acquisition, business valuation, capital formation, executive advisory and litigation support services. Its focus is on serving middle-market businesses generating between $5 million and $300 million in revenues. The firm has a widespread practice with particular expertise in the IT services, technology, telecommunications, government contracting, staffing, and travel and hospitality sectors.
About The International Network of M&A Partners (IMAP)
The International Network of M&A Partners is an exclusive global partnership of corporate finance lead advisory firms. IMAP has unmatched global reach, with 350 dealmakers spread across 31 countries, covering North and South America, Europe and Asia. Globally, IMAP advises on circa 200 completed transactions per annum.
