Investment Banking

Our Investment Banking team provides institutions, entrepreneurs and investors with high-quality, independent financial advice and meticulous execution of deals. Our range of expertise spans from private placements of equity, capital raising in public markets, mezzanine and convertible instruments, to debt syndication, mergers & acquisitions and restructuring advisory. We enjoy strong relationships with leading commercial banks, financial institutions, public & private funds and domestic & foreign institutional investors. Our robust client relationships, world-class human capital, innovation and ethical business practices, have helped us execute transactions worth over INR 2 trillion so far,

Leadership Team

  • Rajendra Naik

    MD - Investment Banking

  • K. R. Menon

    ED - Debt Syndication

  • Rajiv Bakshi

    Senior Advisor

  • Sandeep Upadhyay

    MD & CEO - Infrastructure Advisory

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Infrastructure
  • Infrastructure

    Customer satisfaction and the best work practices are the cornerstones on which Centrum Infrastructure Advisory Ltd. (CIAL) has positioned itself as a dedicated investment banking platform. Committed to providing expert investment services to clients in the infrastructure sector, CIAL is a subsidiary of Centrum Capital Ltd. The company caters to a large clientele, covering the entire spectrum of the infrastructure value chain that includes corporates, private equity funds, banks & financial institutions and Government bodies.

    Services Offered

    • Mergers & Acquisitions
    • Private Equity Funding
    • Financial Advisory (Strategic Business Plans, Entry Strategy, Pre-Bid Advisory, Bid Process Management, JV/Partnership formation etc.)
    • Debt Advisory (Project Finance, Structured Finance, Promoter Funding, Mezzanine Funding, Securitisation, Restructuring etc.)

    Sectoral Coverage

    • Transportation

      • Roads & Highways
      • Airports
      • Ports
      • Railways
    • Metro Rails Energy

      • Generation (Conventional and Renewable Energy)
    • Transmission & Distribution Urban Infrastructure

      • Water Infrastructure
    • Solid Waste Management and Urban Transportation Logistics

      • Warehousing
      • ICDs
      • CFS
      • Cold Storages
      • Third-party Logistics

    What We Do

    Business & Financial Advisory

    Centrum Infrastructure Advisory provides advisory services to private and public sector clients to rationalise their financial operations. It also identifies strategic issues that can be leveraged for growth opportunities, prioritises business targets and formulates business strategies to maximise the clients's return on investment.

    Areas of Expertise
    • Developing Strategic Business Plans

    • Offering Entry Strategy Management Consulting

    • Pre-Bid Advisory Bid-Process Management JV/Partnership Formation

    Mergers & Acquisitions

    At Centrum Infrastructure Advisory, we leverage our strategic and tactical expertise, domain knowledge and integrated networks within business circles to help monetise/consolidate the business goals of our clients. We facilitate the entire process, from deal structuring to execution, including legal due diligence, negotiating binding agreements, setting up acquisition vehicles and optimising the capital and tax structure.

    Areas of Expertise

    Acquisitions Mergers Company and Asset Sales Buy-Side and Sell-Side Agreements Cross-border Acquisitions Strategic Alliances Joint Ventures Divestitures and Spin-Offs Corporate Restructuring Recapitalisation Management Buyouts.

    Private Equity

    We have an exemplary track record in private equity advisory with experience in executing transactions with multiple financial sponsors across industries. We provide end-to-end services in private equity advisory. Our success is based on sectoral understanding of business imperatives, as well as long-term relationships with private equity and venture capital funds apart from multinational companies. Our advisory team ensures prompt closure of complex transactions involving equity/derivative-linked financing for both publicly traded as well as privately-held companies.

    Debt Advisory

    We offer strategic debt advisory solutions to achieve the finest results in restructuring, securitisation, project finance and other funding solutions. We understand and assess the client's business model and future plans which enable us to advise them on arriving at optimal solutions for their debt requirements. We offer services ranging from execution to closure of transactions.

    Areas of Expertise

    Project Finance Securitisation Restructuring -CDR/SDR Bonds/NCDs Structured Debt

    Events

    Federation of Indian Chambers of Commerce and Industry (FICCI) and Centrum Infrastructure Advisory Limited (CIAL) jointly organized a 'Conclave on Infrastructure Financing ' on 29th September 2016. A theme paper was released to elaborate on the current challenges in the infrastructure sector and explore the emerging alternate financing options. Theme Paper prepared by CIAL on Emerging Options in Infrastructure Financing was released by Principal Secretary, Ashish Singh (IAS), Mr. Pathak, Director-MSEB Holdings and Mr. Barua, ED, SEBI The conclave had participation from CXOs and senior officials as delegates and speakers from leading Financial Institutions, Regulator/Government, Private Equity & Pension Funds, Banks, Mutual Funds, Advisors and Rating agencies. The theme paper can be Download here.

    Deals

    1. Getting PE funds to invest in Transpole Logistics Pvt. Ltd.

    We successfully raised Rs. 600 million for Transpole Logistics Pvt. Ltd. from Fidelity Growth Partners India. Transpole is an integrated, asset-light supply-chain solutions firm, with a pan-India focus and an Asian footprint. It offers integrated transportation and logistics solutions as a freight forwarder, consolidator, NVOCC company and MTO, delivering air and sea services, apart from land freight, warehousing and distribution, project logistics, contract logistics, LCL, supply chain consultancy and information management. The funds will be utilised to expand its operations in India and Singapore, as it plans to build a pan-Asian network.

    Services Offered:

    • Transaction Structuring
    • Financial Modelling
    • IM Preparation
    • Investor Identification
    • Structuring, Negotiation and Co-ordination in Documentation

    We acted as the sole financial advisor to Transpole Logistics for the deal.

    2. Advisor to Aegis Logistics Ltd for Preferential Allotment.

    We were the sole advisor to Aegis Logistics Ltd for its preferential allotment of equities worth Rs. 750 million at Rs.322 per share. The allotment was done to Infrastructure India Holdings Fund LLC, issuing 2,120,190 equity shares having a face value of Rs.10 each. The issue represented 6.35% of the post-issue paid-up equity share capital (on a fully diluted basis). We have shared a long and productive relationship with Aegis in which we have helped it showcase its story to the investor community. Centrum's institutional desk was solely responsible for the coverage. A number of options were evaluated before taking a final call on the transaction. Accordingly, we tried to identify the fund house whose long-term interest aligned with the issuer company.

    This deal has provided the much-needed growth capital to Aegis. Aegis Logistics is a leading player in the oil and gas logistics space and is thus well-placed to capitalise on emerging opportunities. It plans to build a network of port terminals, expand storage capacities and make a foray into new businesses such as crude oil storage and packaged commercial LPG cylinders.

    3. Rights Issue of Rs.1,231 million by Jyoti Structures Ltd.

    We have successfully raised Rs.1,231 million for Jyoti Structures Ltd. through a rights issue, which included an issue of 10,261,243 secured non-convertible debentures (NCDs) of face value Rs.120 each with 20,522,486 detachable warrants in the ratio of 1 NCD with 2 detachable warrants for every 8 equity shares held. The NCDs offered through the issue were rated 'CARE A' The issue size prior to conversion of warrants into equity shares is up to Rs.1,231 million. Assuming full conversion of warrants into equities during the warrant exercise period, the issue size would aggregate to Rs.3,694 million. Jyoti Structures is a leading provider of turnkey solutions in the field of power transmission. Its key deliverables include transmission lines, substations and rural electrification.

    The company undertakes turnkey projects on a global scale, offering a complete range of services from design, engineering and tower testing to manufacturing, construction and project management. It has so far executed projects in over 40 countries and has manufacturing plants in Nashik in Maharashtra and Raipur in Chhattisgarh with a combined capacity of 1,10,000 MT of transmission line towers. It also has an in-house tower testing facility at Ghoti near Igatpuri in Maharashtra. Jyoti Structures raised the funds for repayment of its working capital loans.

    4. Lead Manager to Rs.1,500 million Initial Public Offer by Aqua Logistics Ltd.

    We have successfully raised Rs.1,500 million for Aqua Logistic Ltd. through an Initial Public Offer. The IPO included issuing 68,72,852 equity shares of face value Rs.10 each for cash at a price of Rs.220 per equity share, including a premium of Rs.210 for non-institutional investors and qualified institutional buyers (QIBs), and Rs.215 per equity share, including a premium of Rs.205 per equity share for retail individual bidders, aggregating up to Rs.1,500 million. The issue constituted 33.53% of the fully diluted post-issue paid-up capital of the company. Aqua Logistics is a 3PL (third-party logistics player), delivering end-to-end solutions in the logistics and supply chain areas to customers. Its capabilities include supply chain consulting, logistics execution and project logistics. Headquartered in Mumbai, it has offices in New Delhi, Chennai, Bangalore, Ludhiana, Baroda, Kochi and Pune. Aqua's international logistics operations are supported by a network of 3PL partners and vendors. It also has a multi-modal transport operator's licence, an IATA accreditation and a Custom House Agent's Licence. Aqua Logistics raised the money to fund purchase of specialized equipment, business expansion by opening more offices, possible acquisition, additional working capital requirements and other general corporate purposes. Centrum Capital acted as the Book Running Lead Manager for the public offering.

    5. Corporate Debt Restructuring of Dighi Port Ltd.

    Dighi Port Ltd. (DPL) successfully underwent a CDR process for its Rs.14 billion debt from a consortium of 17 lenders. The greenfield 30-million tonne Dighi Port is under development on a PPP model under a 50-year concession from the Maharashtra Maritime Board as an all-weather, deep draught, multipurpose, multi-cargo direct berthing port with a dedicated channel. The CDR package comprises refinancing Rs.8,236millions of existing debt and Rs.5,580 millions of fresh debt. The new debt has enabled the port to handle 40% additional cargo over and above the capacity envisaged (30 MTPA) under the scope of the refinanced debt.

    Services Offered:

    • Liasoning with Lenders
    • CDR Documentation
    • Financial Modelling
    • Negotiating with Lenders on enhancing project scope
    • Negotiating on the restructuring terms
    6. Advised Adlabs Entertainment for raising Rs.14 billion Debt.

    Raised Rs.14 billion debt from a consortium of 14 banks for Adlabs Entertainment run Amusement Park at Khopoli, 75 km off Mumbai. Well-connected to Mumbai, Pune and Nashik by road and rail, the park offers a combination of theme park, water park, hotel, conference centre, spa and retail, dining & entertainment area.

    Services Offered:

    • Transaction Structuring
    • Financial Modelling
    • IM Preparation
    • Consortium Formation
    • Documentation
    • Disbursements
    7. Advisor to Indrajit Infrastructure Pvt. Ltd. for raising debt of Rs. 2,500 million.

    Advised Indrajit Infrastructure Pvt. Ltd. (IIPL) to raise project debt of Rs.2,500 million for an operational 80 MW coal-based thermal power plant in Wardha district of Maharashtra. Commercial operations began in September 2008 and the project was funded by a mix of equity and unsecured debt taken from corporates. The take-out financing deal was syndicated through a consortium of public sector banks.

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