M&A Expertise for strategic transformations

We help companies and institutions achieve strategic transformative objectives through mergers, acquisitions (buy/sell side) and restructuring transactions. Our focused, intuitive and innovative approach has been honed over decades of association with some of the most marquee transactions in India. We have executed 110+ M&A and advisory transactions amounting to more than INR 8 tn in deal value since January 2012.

Sell-Side Advisory

Axis Capital is committed to helping clients achieve superior outcomes in sell-side transactions by deploying its deep sector expertise, keen nose for business differentiators and success factors, superior transaction execution skills and vast network of relationships in the strategic and financial investor community

  • Long standing experience across a range of situations spanning outright sale, partial divestment, joint ventures and alliances and strategic combinations
  • Finely calibrated approach to each deal based on a nuanced understanding of diverse stakeholder perspectives - strategic, human, regulatory and financial
  • Sell-side assignments account for nearly 50% of our assignments, typically from ~USD100 mn to a few billion dollars in size.

Buy-Side Advisory

Axis Capital provides buy-side advisory services by leveraging its strong expertise in sourcing, engaging and executing complex acquisitions. Our advisory is marked by its critical analytical capabilities, hands-on approach, process intelligence and efficient project management skills

  • Partner of choice for companies seeking inorganic growth options
  • Strong track record in helping companies enter new geographies/product categories or navigate transactions with significant regulatory complexity
  • Favoured by reputed corporates and financial sponsors for acquisitions ranging from USD100 mn to several billion dollars in size.

Restructuring Advisory

Axis Capital a leading financial advisor in the Indian corporate restructuring space, having provided end-to-end support on for >50 highly complex restructuring transactions in India over the last two decades. These include mergers, demergers and group reorganizations for some of the largest publicly-listed companies and conglomerates, making us a market leader in this category in India. Highlights of this practice:

  • Helping clients choose the optimal structure and approach
  • Crafting solutions for process/regulatory challenges
  • Articulation of the transaction rationale to facilitate stakeholder approval
  • Liaising with stock exchanges to support a successful outcome.

Transactions

  • 8,670 Mn

    QIP Nov 2021

  • 10,400 Mn

    IPO Dec 2021

  • 50,000 Mn

    IPO Aug 2021

  • 209,870 Mn

    Rights Issue Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 209,870 Mn

    Rights Issue Nov 2021

  • 10,400 Mn

    IPO Dec 2021

  • 50,000 Mn

    IPO Aug 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 209,870 Mn

    Rights Issue Nov 2021

  • 10,400 Mn

    IPO Dec 2021

  • 50,000 Mn

    IPO Aug 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021

  • 8,670 Mn

    QIP Nov 2021


Axis Capital’s M&A practice is led by

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Axis Capital’s M&A practice is led by

  • Deepak Sharma Managing Director

    Deepak Sharma heads the M&A practice and the Financial Sponsors Group at Axis Capital. He is responsible for both the strategic and operational aspects of the firm’s overall advisory business, including senior level relationship management, new business development and overall client delivery oversight. In a long and stellar career, he has been involved in transactions involving leading Indian corporates, multinationals, financial sponsors and government organizations. Having started his career with Arthur Andersen, Deepak has also worked with global financial institutions like Lazard and Rabobank. He joined Axis Capital from Lazard Mumbai where he had led that firm’s advisory for industrials, infrastructure, building materials, energy and natural resources. Deepak is a recipient of the Roll of Honor from the Indian Institute of Management, Calcutta and is an Electrical Engineer from the Indian Institute of Technology, Delhi.

    Reach Deepak
  • Deepak Sharma Managing Director

    Deepak Sharma heads the M&A practice and the Financial Sponsors Group at Axis Capital. He is responsible for both the strategic and operational aspects of the firm’s overall advisory business, including senior level relationship management, new business development and overall client delivery oversight. In a long and stellar career, he has been involved in transactions involving leading Indian corporates, multinationals, financial sponsors and government organizations. Having started his career with Arthur Andersen, Deepak has also worked with global financial institutions like Lazard and Rabobank. He joined Axis Capital from Lazard Mumbai where he had led that firm’s advisory for industrials, infrastructure, building materials, energy and natural resources. Deepak is a recipient of the Roll of Honor from the Indian Institute of Management, Calcutta and is an Electrical Engineer from the Indian Institute of Technology, Delhi.

    Reach Deepak
  • Deepak Sharma Managing Director

    Deepak Sharma heads the M&A practice and the Financial Sponsors Group at Axis Capital. He is responsible for both the strategic and operational aspects of the firm’s overall advisory business, including senior level relationship management, new business development and overall client delivery oversight. In a long and stellar career, he has been involved in transactions involving leading Indian corporates, multinationals, financial sponsors and government organizations. Having started his career with Arthur Andersen, Deepak has also worked with global financial institutions like Lazard and Rabobank. He joined Axis Capital from Lazard Mumbai where he had led that firm’s advisory for industrials, infrastructure, building materials, energy and natural resources. Deepak is a recipient of the Roll of Honor from the Indian Institute of Management, Calcutta and is an Electrical Engineer from the Indian Institute of Technology, Delhi.

    Reach Deepak

Transaction Details for ION Energy Inc

  • 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management
  • 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management
  • 10,400 Mn

    IPO Dec 2021

    The transaction involved Endurance purchasing 51% stake in Maxwell Energy System Pvt. Ltd (Maxwell), a subsidiary of ION Energy Inc. (renowned energy tech start-up) with remaining 49% to be purchased in a phased manner over 5 years – Maxwell is engaged in the business of development, manufacturing, assembly and selling of advanced electronics in the form of battery management systems (BMS) and battery focused power distribution units for electric vehicles and energy storage systems – Endurance is one of the leading automotive component manufacturers having a diverse range of technology intensified products with operations in India and Europe. ETL is engaged in designing / engineering, manufacturing of aluminium castings, suspensions, braking systems and transmissions – Maxwell’s BMS is the first specific EV product in Endurance’s portfolio, Endurance plans to leverage Maxwell’s deep technical expertise developed over the years and its BMS deployment experience in Indian and European conditions – Endurance aims to offer its products to multiple new customers, including Indian automotive OEMs and battery pack manufacturers

    Axis Capital acted as exclusive Financial Advisor to ION Energy Inc. – Axis Capital ran a global competitive process and reached out to potential acquirers from North America, Europe & Asia – Extended comprehensive transaction support to the client team ranging from deal conceptualisation & structuring, buyer outreach, negotiations, due diligence coordination and transaction documentation, besides assisting in overall transaction process management