Qatar Investment Authority may acquire a minority stake in Violet Arch Capital Advisors, according to BS.

Violet Arch provides I-banking, Securities Trading, Research, Funds Management and other related products to institutional, corporate, and high net worth clients.

Violet Arch started its operations by acquisition of Alchemy Shares & Stock Brokers from its promoters and Rakesh Jhunjhunwala. Recently, it partnered with Berenson & Co, a New York-based leading merchant bank, as a strategic investor by selling around 7% stake.

SREI Group has a significant minority stake in Violet Arch. It has also tied up with London-based ISM Capital, set up by former Jefferies International chief executive Cliff Siegel.

Sanju Verma, former executive director of HDFC Securities, has joined Violet Arch as the managing director and chief executive of its securities business. Varun Bajpai, the founder of Violet Arch holds 67% stake in the entity.

Indraneil Borkakoty, former head of capital markets at Nomura, joined Violet Arch as managing director (MD) and head of investment banking. Ravi Agarwal, former MD (India operations) of the global hedge fund Spinnaker Capital, also joined Violet Arch as managing director — structured finance — in charge of the proposed NBFC operations.

Violet Arch Capital Advisors is also planning to raise a $500Mn sector agnostic PE fund Violet Arch Strategic Themes (VAST) fund.

VAST fund, a mix of offshore and domestic, will invest in the range of $50-75 Mn.

Previous Article

Freudenberg Filtration Acquires Pyramid Filters

Next Article

Vedanta Issues Bonds To Retire Debt

All Comments

Readers' Recommendations

Post a Comment

Display Name		E-mail
Comment
Comments are moderated and generally will be posted if they are on-topic and not abusive.