Global Investment House (Global) announced that it had concluded the acquisition of 11.11 percent of MAPE Advisory Group Limited (MAPE), one of India’s leading investment banks. This equity investment comes as a toe hold in the Indian market, which is indicative of a strong growth in India’s financial services.
Speaking on this occasion, Mr. Omar El-Quqa, Executive Vice President at Global said, “We believe that India is at the center stage of the new international order and will be part of the core engine driving international economic force. We are pleased to be partnering with MAPE, which has an excellent performance record, and a vision of becoming a full-fledged financial services company”.
Mr. El-Quqa added, “This equity investment comes at a time when international market conditions are struggling. The market volatility has served to further reinforce the value of sound investment strategies followed by Global and our commitment to continue with our plans”.
Mr. M Ramprasad and Jacob Mathew, founders of MAPE said, “We look forward to our association with Global and believe that they will add significant value in our ongoing journey to be a premier financial services firm which combines aggressive ideation coupled with conservative values. This investment which comes in difficult market conditions is a vote of confidence portrayed by our strong franchise”.
It is worth mentioning that MAPE is one of India’s leading financial services companies. Founded in 2001 as a boutique investment bank focused on mergers, acquisitions and private equity fund raising advisory services. The Company has over the years diversified into institutional broking, debt syndication and cross border advisory, and has successfully closed over 60 transactions across sectors, totaling to a deal size of over USD1.9 billion. MAPE currently employs more than 60 professionals across four offices in Mumbai, Bangalore, Chennai and Philadelphia.
