Alpen Capital launches India operations

Dubai: Alpen Capital Group Tuesday announced the launch of its India Operations with offices in Mumbai and New Delhi.

Alpen Capital India Private Limited the new entity is registered on a Merchant Banking Licence with the Securities Exchange Board of India.

The Licence will enable Alpen Capital to provide an entire range of merchant banking services to its clients which would include issue management services, investment advisory services such as mergers and acquisitions advisory and debt and equity advisory, the company statement said.

"We are extremely happy with the establishment of our presence in India. It is a very important market and we hope to repeat the success we have had in the Middle East in India as well," said Fidelis M. Goetz, member of the board, Alpen Capital Group

It added that it already has successful operations in the Middle East with offices in Dubai, Doha and Muscat, and over the last five years has executed debt advisory, joint ventures and mergers and acquisitions transactions worth over $5 billion (Dh18.3 billion) for some of the largest business groups in the Middle East, working closely with some of the regional and international banks.

"We are delighted to have been granted the Merchant Banking Licence for Alpen Capital India Private Limited. There are many exciting business opportunities that exist between India and the Middle East and we hope to use our expertise to provide value added services to our clientele," said Rohit Walia, Executive Vice Chairman and CEO, Alpen Capital Group.

Transaction platform

With the establishment of Alpen Capital India Private Limited, the group intends to bring to the forefront cross market opportunities and provide a platform for business transactions between the Middle East and India. Alpen Capital's associate, Sarasin Alpen (India) Private Limited, launched its operations in Mumbai and New Delhi in mid-2009.

Both organisations function through a business model in which the investment banking capabilities of Alpen Capital complement the private banking advisory activities of Sarasin Alpen.

Sarasin Alpen (India) Private Limited, a subsidiary of Bank Sarasin a leading Swiss private bank founded in 1841 provides financial advice and consultant services to wealthy private clients in India and distributes prime third-party products.