India's Kotak Investment Banking yesterday announced an exclusive co-operation agreement with independent Japanese investment bank GCA Savvian Corporation. The agreement is intended to cover advice to both Indian and Japanese companies on cross-border mergers and acquisitions.
The two firms worked together in 2008 to organise an India-Japan MA Seminar in Tokyo and Osaka in which 300 Japanese companies participated. Since then the duo has been engaging in dialogue with Japanese companies which are interested in developing a strategy for India.
Japanese companies are looking for strategic MA opportunities in high-growth markets and India has emerged as one of the preferred investment destinations, says Akihiro Watanabe, managing partner and founder at GCA Savvian.