\n
The firm is planning to open its second Asia office in Mumbai and has roped in Gaurav Mehta<\/a>, former investment banking head at UBS, as managing director to head India.
\n
As one of the hottest deal shops from Wall Street<\/a>, Raine was an advisor in two of the largest technology deals of 2016 — the $8.6-billion acquisition of Supercell by Chinese giant Tencent and the £24.3-billion sale of a UK chip designer arm to Soft-Bank. A year before, they got a bunch of Chinese investors to buy into Manchester City<\/a> football team at a valuation of $3 billion, one of the highest in sports.
\n
But unlike their bulge-bracket peers, Raine —started eight years ago by rainmakers from Goldman Sachs and Morgan Stanley<\/a>, Joseph Ravitch and Jeffery Sine — has a unique business model of an ‘intergrated merchant bank.’ They invest in venture or growth equity, apart from arranging such transactions. The roughly 75 professionals at Raine divide their time equally between devising potential M&A mandates they could create for their clients, and in many cases, take a piece of them as well by finding investment opportunities for the firm.
\n
\nFor instance, as investors with over $2.5 billion of assets under management, Raine has backed millennial media company Vice or Hollywood’s Imagine Entertainment.
\n
“We launched our business in 2009 and India is a natural extension in terms of where we are deploying our resources. India is a very important market in terms of shift to digital content consumption and we want to position ourselves in front of those trends. We are not looking at just the next 18-24 months but far beyond,” said Brandon Gardner<\/a>, chief operating officer, in an exclusive interaction with ET.
\n
\nRaine plans to start the Mumbai office with a team of four to five and scale it up to 10-12 in the next couple of years, Gardner said. But this is not a new market for them having worked closely with several global strategics in the recent past.
\n
Raine advised SoftBank<\/a> on initial investments in Ola Cabs, other Indian consumer internet companies and leading OTT platform YuppTV on its capital raise from Emerald Media. The firm has also assisted several of its portfolio companies and global clients in developing strategic partnerships in India.
\n
\n“India witnessed a slow period in corporate activity between 2012 and 2014 for various factors,” said Mehta. “Over the past year or so, we have started to witness an increase in M&A based on industrial logic particularly in the TMT sector with Vodafone-Idea, Makemytrip-Ibibo, Dish TV-Videocon D2H, Reliance Infratel-Brookfield, KKR\/CPPIB’s investment into Bharti Infratel being recent examples. We anticipate that TMT advisory will be significant going forward and plan to leverage our global experience, our specialist understanding of the sector and relationships to serve us well rather than having to ambulance chase across sectors.”
\n
With over 15 years of experience, Mehta has advised Indian companies like Bharti Airtel<\/a>, Bharti Infratel, Reliance Communications, Videocon D2h and Flipkart<\/a>. Before joining UBS, he led coverage of Indian telecom, realty and financial sponsor clients at Morgan Stanley.
\n
\nWith the surge in mobile internet that’s sweeping India, Mehta argues there will be an increased scope for private capital raising in emerging TMT sectors such as digital content, gaming, OTT platforms and film. “We expect to be able to take advantage through our integrated merchant banking model of advising and investing,” he said.
\n
\nIndia has traditionally been a capital markets-dominated banking fee pool that suited big investment banks. That has changed. The ECM fee pool that used to be $350-400 million per year has reduced to $100-150 million while the M&A fee pool has seen a simultaneous increase.\n\n<\/body>","next_sibling":[{"msid":58020882,"title":"Redmi 4A, Xiaomi's cheapest and lightest phone: Review","entity_type":"ARTICLE","link":"\/news\/redmi-4a-xiaomis-cheapest-and-lightest-phone-review\/58020882","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58020944,"entity_type":"ARTICLE","title":"TMT-focused Bank Raine to set up India operations","synopsis":"Raine plans to start the Mumbai office with a team of four to five and scale it up to 10-12 in the next couple of years.","titleseo":"telecomnews\/tmt-focused-bank-raine-to-set-up-india-operations","status":"ACTIVE","authors":[{"author_name":"Deepali Gupta","author_link":"\/author\/479219003\/deepali-gupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479219003.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":false,"msid":479219003,"author_name":"Deepali Gupta","author_seo_name":"deepali-gupta","designation":"Journalist","agency":false}},{"author_name":"Arijit Barman","author_link":"\/author\/16028\/arijit-barman","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/16028.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":16028,"author_name":"Arijit Barman","author_seo_name":"arijit-barman","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-05 09:15:08","lastupd":"2017-04-05 09:17:28","breadcrumbTags":["The Raine Group","Airtel","industry","Manchester City","Wall Street","Morgan Stanley","Softbank","Flipkart","Gaurav Mehta","Bank Raine","Brandon Gardner"],"secinfo":{"seolocation":"telecomnews\/tmt-focused-bank-raine-to-set-up-india-operations"}}" data-authors="[" deepali gupta","arijit barman"]" data-category-name="" data-category_id="" data-date="2017-04-05" data-index="article_1">
孟买:雷恩组全球精品商业银行只关注科技、媒体和电信、下月计划扩张到印度,在数字和消费者互联网支持创新。
该公司正计划在孟买开设第二亚洲办事处,并说服了Gaurav梅塔前瑞银投资银行主管,总经理去印度。
作为一个最热门的交易商店华尔街雷恩是一个顾问在两个最大的技术交易的2016 - 8.6美元收购中国巨头腾讯超晶胞和£24.3出售英国芯片设计手臂Soft-Bank。前一年,他们有一群中国投资者购买曼城足球队的估值30亿美元,最高的运动之一。
但与大型同行不同的是,雷恩8年前开始从高盛(Goldman Sachs)和求雨摩根士丹利(Morgan Stanley)约瑟夫·Ravitch和杰弗里sin -有一个独特的商业模式的综合商业银行。他们投资于风险或增长股本,除了安排此类交易。大约75专业人士在雷恩设计之间分配他们的时间同样潜在并购规定他们可以为他们的客户创造,和在许多情况下,拿一块他们通过寻找投资机会的公司。
例如,随着投资者管理着超过25亿美元的资产,雷恩支持千禧年的娱乐传媒公司副或者好莱坞的想象。
“我们在2009年推出我们的业务和印度的自然延伸,我们部署资源。印度是一个非常重要的市场转向数字内容消费和我们想要的位置在这些趋势面前。我们不希望在未来18 - 24个月,但远远超出“说布兰登·加德纳首席运营官,在一次独家互动等。
雷恩计划孟买办公室团队的四到五和规模到10 - 12在未来的几年中,加德纳说。但这并不是一个新市场为他们与数家全球军事学密切合作在最近的过去。
雷恩建议软银初始投资Ola出租车,其他印度消费者互联网公司和领导奥特在其融资平台YuppTV从翡翠的媒体。其投资组合的公司还帮助一些公司和全球客户在印度发展中战略合作伙伴关系。
“印度目睹了一个缓慢的时期各种因素企业活动在2012年到2014年之间,”梅塔说。“在过去一年左右的时间,我们已经开始看到增加并购基于工业逻辑特别是TMT行业Vodafone-Idea, Makemytrip-Ibibo,菜TV-Videocon D2H,信实Infratel-Brookfield KKR /由于其投资鼓吹他最近的例子。我们预计,TMT咨询将重要的未来和计划利用我们的全球经验,我们的专家对行业的理解和关系为我们服务而不必救护车追逐跨部门。”
拥有超过15年的经验,梅塔建议印度Bharti等公司附近的旅馆Reliance Communications,鼓吹Videocon D2h和Flipkart公司。在加入瑞银之前,他率领的报道印度电信、房地产和金融赞助商在摩根士丹利(Morgan Stanley)的客户。
随着移动互联网席卷印度,梅塔认为会有余地增加私人融资等新兴TMT行业的数字内容,游戏,奥特平台和电影。“我们希望能够通过我们的综合利用商业银行业务的咨询和投资模式,”他说。
在传统上,印度一直是资本主导的市场银行费用池,适合大型投资银行。这已经发生了改变。ECM池费用是每年350 - 400美元减少了100 - 150美元,而并购费用池增加了同步。
该公司正计划在孟买开设第二亚洲办事处,并说服了Gaurav梅塔前瑞银投资银行主管,总经理去印度。
作为一个最热门的交易商店华尔街雷恩是一个顾问在两个最大的技术交易的2016 - 8.6美元收购中国巨头腾讯超晶胞和£24.3出售英国芯片设计手臂Soft-Bank。前一年,他们有一群中国投资者购买曼城足球队的估值30亿美元,最高的运动之一。
但与大型同行不同的是,雷恩8年前开始从高盛(Goldman Sachs)和求雨摩根士丹利(Morgan Stanley)约瑟夫·Ravitch和杰弗里sin -有一个独特的商业模式的综合商业银行。他们投资于风险或增长股本,除了安排此类交易。大约75专业人士在雷恩设计之间分配他们的时间同样潜在并购规定他们可以为他们的客户创造,和在许多情况下,拿一块他们通过寻找投资机会的公司。
例如,随着投资者管理着超过25亿美元的资产,雷恩支持千禧年的娱乐传媒公司副或者好莱坞的想象。
“我们在2009年推出我们的业务和印度的自然延伸,我们部署资源。印度是一个非常重要的市场转向数字内容消费和我们想要的位置在这些趋势面前。我们不希望在未来18 - 24个月,但远远超出“说布兰登·加德纳首席运营官,在一次独家互动等。
雷恩计划孟买办公室团队的四到五和规模到10 - 12在未来的几年中,加德纳说。但这并不是一个新市场为他们与数家全球军事学密切合作在最近的过去。
雷恩建议软银初始投资Ola出租车,其他印度消费者互联网公司和领导奥特在其融资平台YuppTV从翡翠的媒体。其投资组合的公司还帮助一些公司和全球客户在印度发展中战略合作伙伴关系。
“印度目睹了一个缓慢的时期各种因素企业活动在2012年到2014年之间,”梅塔说。“在过去一年左右的时间,我们已经开始看到增加并购基于工业逻辑特别是TMT行业Vodafone-Idea, Makemytrip-Ibibo,菜TV-Videocon D2H,信实Infratel-Brookfield KKR /由于其投资鼓吹他最近的例子。我们预计,TMT咨询将重要的未来和计划利用我们的全球经验,我们的专家对行业的理解和关系为我们服务而不必救护车追逐跨部门。”
拥有超过15年的经验,梅塔建议印度Bharti等公司附近的旅馆Reliance Communications,鼓吹Videocon D2h和Flipkart公司。在加入瑞银之前,他率领的报道印度电信、房地产和金融赞助商在摩根士丹利(Morgan Stanley)的客户。
随着移动互联网席卷印度,梅塔认为会有余地增加私人融资等新兴TMT行业的数字内容,游戏,奥特平台和电影。“我们希望能够通过我们的综合利用商业银行业务的咨询和投资模式,”他说。
在传统上,印度一直是资本主导的市场银行费用池,适合大型投资银行。这已经发生了改变。ECM池费用是每年350 - 400美元减少了100 - 150美元,而并购费用池增加了同步。
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