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Phil Adams, group chief executive at Altium

Altium partners with Indian firm Allegro

International investment bank Altium has formed a partnership with Allegro Advisors, a full service investment bank in India.

The partnership will strengthen Altium’s global presence and provide the firm’s clients with access to a strong international M&A advisory network.

Allegro provides a range of services including M&A, capital raising, debt restructuring and IPOs, which will complement Altium’s highly specialised advisory team, which operates across a number of key sectors.

The announcement comes shortly after Altium entered into a similar arrangement with the US investment bank Petsky Prunier, which will also be part of the alliance with Allegro.

Phil Adams (pictured), group chief executive at Altium, says: “We are very pleased to announce the partnership formed with Allegro Advisors, as we continue to develop our international capabilities.

“Our clients are certain to benefit from Allegro’s significant presence across India and internationally and their contribution on recent cross-border mandates has already been invaluable, including last month’s mandate to buy India-based Tara Jewels for Austrian jewellery giant Swarovski.

“It is exceptional to find a fellow independently operated investment bank with the same unwavering commitment to first-class client service and we look forward to the partnership between our two firms.”

Kunal Kashyap, chairman of the board of Allegro, says: "Emerging markets like India are seeing a significant increase in inbound and outbound cross-border M&A activity. Our partnership with Altium allows us to offer our clients international reach through Altium's presence across its European offices and their partnership with Petsky Prunier in North America. Moreover, Altium's client centric approach reflects our own values and helps us forge a seamless partnership."

Altium has offices in Manchester, London, Leeds, Zurich, Munich, Frankfurt, Milan, Paris, Madrid and Dubai.

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