It takes a lot of talent to organize an MA transaction in a brewery, and ING Barings has done it - and in India of all places.
It is the first transaction for the firm's 13 person corporate finance team, which it recently poached en masse from Bank of America, and is led by Sunil Gulati.
The deal sees ING Barings cementing its relationship with one of India's top corporates, United Breweries, which brews everyone's favourite accompaniment to prawn madras, Kingfisher beer.
United Breweries is in expansion mode. Already India's largest brewer, it recently sold a 26% stake in itself to the UK's Scottish Newcastle, and formed a joint venture with which intends...