Cooperation Will Provide Cross-Border Investment Banking Advisory Services to Corporate Clients in Aviation and Aerospace & Defense
NEW YORK – August 17, 2015 – Seabury Corporate Finance LLC, a division of Seabury Capital LLC (“Seabury”), a leading global advisory and professional services firm, announced today it has agreed to enter into a strategic cooperation agreement with JM Financial Institutional Securities Limited (“JM Financial”), one of India’s leading investment and wealth management institutions. The Memorandum of Understanding, signed on August 10, 2015, stipulates that both companies will jointly work to provide Investment Banking Advisory services to their Indian corporate clients to support their activities in the Aviation and Aerospace & Defense (A&D) industries.
“This strategic partnership lays the foundation for a successful cooperation between our firms to jointly deliver a wide array of specialized advisory services to India’s growing Aviation and A&D sectors as well as the country’s government,” said Patrick Henry Dowling, Senior Managing Director of Seabury Corporate Finance LLC. “Seabury recognizes the depth, breadth, and value of relationships JM Financial brings to our partnership, and we look forward to identifying and targeting opportunities that will leverage our companies’ core competencies and extensive industry expertise to benefit India’s institutional and individual clients.”
Mr. Vishal Kampani, MD & CEO, Institutional Securities Business, JM Financial Group, commented: “A partnership between JM Financial and Seabury will enable both parties to add significant value to their clients by leveraging each other’s individual expertise and sharing distinctive local market and domain knowledge. Current Government, under the leadership of Prime Minister Narendra Modi, is planning and implementing systemic changes in India’s defense procurement policy to provide an impetus to domestic production, thereby offering immense business opportunities to private sector in defense and aviation. JM Financial’s strong advisory and execution capabilities along with Seabury’s Aviation sector knowledge and expertise will enable both parties to provide its clients with valuable advice and service. We are delighted to partner with Seabury.”
The year 2014 was pivotal for India’s Defense sector. The country’s decisive election mandate, increased foreign direct investments that reached 49 percent, growing support for ‘Made in India’ and the leveling of the private sector’s playing field are expected to fundamentally change the face of Defense equipment manufacturing in India, thus accelerate its participation in the global A&D sector.
Under the agreement, JM Financial and Seabury will jointly provide Investment Banking Advisory services to each party’s clients who may be seeking investment opportunities or may like to identify suitable strategic partnerships for their respective businesses. Both companies will leverage their client relationships as well as their regional and domestic expertise in a mutually beneficial manner.
ABOUT JM FINANCIAL GROUP
JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors. The Group has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non-Banking Finance Company) activities, private equity and asset reconstruction. www.jmfl.com
ABOUT SEABURY GROUP
Seabury Capital LLC is a global firm founded in 1995 with two principal groups, Seabury Advisory Group LLC (“SAG”) and Seabury Capital LLC (“SeaCap”). SAG is a global advisory practice with professionals on five continents and more than 15 countries covering Aviation, Aerospace & Defense, Financial Services, Government Services, Logistics, Maritime, Transportation and related industries. SAG has partnered with more than 300 clients located in more than 50 countries on more than 1,150 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology solutions.
SeaCap owns and operates a number of specialty finance companies providing innovative cross-border financing for equipment and trade receivables as well as insurance-backed auto service and financial obligations. SeaCap recently launched a merchant banking business to take minority equity positions in, and to provide debt financing to, middle market companies. SeaCap also owns software companies providing enterprise solutions to airlines, aerospace companies and institutional market-makers in foreign exchange and other financial markets. www.seaburygroup.com