Altium looks east to Indian partnership

MANCHESTER-based investment bank Altium has struck a strategic partnership with Indian investment bank, Allegro Advisors.

It said the tie-up would strengthen Altium’s global presence and provide the firm’s clients with access to a strong international M&A advisory network.

Last month it forged a similar relationship with US counterpart Petsky Prunier.

Group chief executive Phil Adams said: “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.”

Allegro chairman Kunal Kashyap said: “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.”