Chiripal, who until recently was Spark Capital’s head of investment banking, will also be head of financial services and sponsor coverage, based in Mumbai. He has over 19 years of experience in investment banking.
DC Advisory, formerly Signal Hill, is owned by Japan’s leading brokerage house Daiwa Securities. It has emerged as one the key players in the mid-market segments with a focus on technology, digital and IT services.
Among the deals the firm has recently closed are sale of education platform Great Learning to Byju’s, Kedaara Capital picking up majority stake in Great Software Laboratory Pvt Ltd (GS Lab), Knowlarity’s acquisition by Gupshup, Pine Labs buying out Mosambee, and logistics startup Pickrr’s sale to rival Shiprocket.
Besides the M&A transactions which the firm has specialised in, DC Advisory also advised on 20 transactions for companies, raising funding over the last two years with a total transaction value of around $2 billion, it said.
Chiripal, who specialises in sectors such as affordable housing finance, MSME lending, vehicle finance and microfinance, is expected to add muscle to the firm’s financial services coverage.
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“Globally, DC Advisory is now a team of 650 bankers, and we have closed 165 transactions in the past year…,” said Klaas Oskam, head of DC Advisory India. “We added ten new MDs in the last year internationally. And in India we have grown the team to 32 executives and expect to strengthen the team by another 50% from here in the next two years…”
Chiripal said, “In the rapidly evolving financial services and fintech space, with high volumes of sponsor activity, there are more opportunities than ever to make a difference for our clients, both domestically and internationally.”
Oskam said the company is on track to repeat last year’s record performance this year and grow its share in these more testing market conditions.
“Our strategy is to continue to build density around digital and technology and adjacent verticals such as financial services and consumer, where we see rapid digitisation and convergence in business models between new age and traditional players, Oskam said.
In 2020, the firm had roped in Anil Ujwal, who was leading the industrials practice at
Investment Banking.
DC Advisory is Daiwa’s international M&A franchise established throughout Europe, the US and Asia.
