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The Chesapeake Group enters India

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CIOL Bureau
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BANGALORE, INDIA: The Chesapeake Group Inc., a New York-headquartered boutique investment bank focusing on mid-market companies in the IT/BPO verticals, has established a direct presence in India.

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The Indian operations of Chesapeake will enhance its ability to deliver corporate development and strategic initiatives to domestic clients as well as allowing these Indian companies to tap into the firm’s unsurpassed track record in cross-border M&A.

Announcing the Indian entry, Douglas S. Land, Founder and Managing Director of The Chesapeake Group said: "Our experience of two decades in both the US and Indian market means we have been involved in every stage of evolution of the IT/BPO sectors. Such long experience in handling a diverse range of mandates on both sides of the border places us in a unique position to offer a strong value proposition to mid-market Indian companies by helping them move to the next level in terms of strategies for sustained growth, building higher-end services and penetration into new markets and segments. We look forward to our growth here."

The Chesapeake Group specialises primarily in buy-side representation in M&A deals and focuses on strategic deals. The firm always strives for long-term client relationships and believes in deep strategic engagement at the CXO and board level. Chesapeake has championed the outsourced corporate development function idea and pioneered Indian offshore IT services transactions in 1994.  Likewise, its’ cross-border deals involving India makes it one of the most experienced amongst the US advisory firms in this niche space. Besides India, Chesapeake has completed a number of transactions in Europe and Latin America and is in a good position to assist Indian firms look at in-organic growth opportunities in those geographies.

In another related development, Siddhartha Padam, till recently a Principal in the M&A team at Infosys, will move to head Chesapeake’s Indian presence as its Principal. According to Land: "Siddhartha brings a very strong understanding of M&A and strategic advisory in the IT, business services and software space. His task will be to establish Chesapeake as a trusted financial and strategic advisor to entrepreneurs and mid-market firms in India seeking to explore the global market opportunity for products and services from India."