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Singhi Advisors, a Mumbai-based mid-market focused investment bank, will invest in its own advisory client firms by converting their fee income into equity. The firm intends to acquire a minority stake of 5-10 per cent in its clients over the next two to five years.
“We are looking to invest in our own clients with presence in sectors where we believe we can create lots of long-term value. We have been a business consultant and project consultant and has handled complete portfolio of businesses throughout our career,” Mahesh Singhi, Managing Director at Singhi Advisors told BusinessLine in an interaction.
“We will not be taking stake in more than 10-12 companies,” he said, adding Singhi Advisors will also help those firms diversify, sell non-core businesses and give them strategic advise, among others.
Eyes minority stakeIt is in talks with a number of companies to take minority stakes. These include an exploration & production (E&P) service provider, a consumer-facing security surveillance company, a specialty chemicals firm and an early-stage FMCG unit. He, however, declined to name the firms. Singhi Advisors intends to stay invested in these companies as a partner, he added.
The 25-year-old investment banking firm, has, since inception, completed 1,000 transactions worth $6 billion across 20 countries.
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