Japanese Daiwa Securities-owned DC Advisory bolsters management of new hires in India

global investment bank DC Advisory Center appointed Abhijit Chiripal as managing director of his Operations in Indiaas part of steps to support your senior management team in the country.

Chiripal, who until recently was head of investment banking at Spark Capital, will also head financial services and sponsorship coverage in Mumbai. He has over 19 years of experience in investment banking.

DC Advisory, formerly known as Signal Hill, is owned by leading Japanese brokerage house Daiwa Securities. It has become one of the key players in the midsize business segments with a focus on technology, digital and IT services.

Among the deals the firm recently closed is the sale of its Great Learning education platform to Bijuu, Kedaara Capital the acquisition of a majority stake in Great Software Laboratory Pvt Ltd (GS Lab), the acquisition of Knowlarity by Gupshup, Pine Labs buys out Mosambee and the sale of logistics startup Pickrr to competitor Shiprocket.

In addition to M&A transactions, which the firm specializes in, DC Advisory has also advised companies on 20 transactions that have raised nearly $2 billion in funding over the past two years, the report said.

Specializing in sectors such as affordable housing finance, MSME lending, vehicle finance and microfinance, Chiripal is expected to expand the firm’s range of financial services.

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“Globally, DC Advisory is now a team of 650 bankers and we have closed 165 transactions in the last year…” said Klaas Oskam, head of DC Advisory India. “Over the past year, we have added ten new MDs internationally. And in India, we have increased the team to 32 leaders and expect to strengthen the team by another 50% in the next two years…”

Chiripal said: “In a rapidly evolving financial services and fintech space with high levels of sponsorship, we have more opportunities than ever to make a difference for our clients both domestically and internationally.”

Oskam said the company is on track to repeat last year’s record this year and increase its share in these more difficult market conditions.

“Our strategy is to continue building density around digital and related verticals such as financial services and consumer products, where we are seeing rapid digitalization and business model convergence between new players and traditional players,” Oscar said.

In 2020, the firm hired Anil Ujwal who led the industrial practice at

Investment activity of banks.

DC Advisory is Daiwa’s international M&A franchise operating in Europe, the US and Asia.

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