The Raine Group, a global merchant bank focused exclusively on technology, media and telecommunications, will expand its operations into India and open a new office in Mumbai, the company said.
Raine also announced that Gaurav Mehta will head the firm´s new India business as a Managing Director based in Mumbai. Mehta was previously head of India Investment Banking at UBS.
The Mumbai operation, which will be led by Mehta, will further expand Raine´s global footprint, providing a strong on-the-ground presence in the India market and enhancing the firm´s ability to continue advising clients on a global basis. Raine will operate through a newly-formed Indian subsidiary which it is in the process of establishing, and expects to complete this process, locate office space and commence operations in early May.
Mehta has over 15 years of experience advising Indian companies.
The Raine Group is a global merchant bank focused exclusively on technology, media and telecommunications. Raine has in excess of USD 2.5 billion in assets under management. The firm has offices in New York, San Francisco, Los Angeles, London and Shanghai. With a global reach, Raine focuses on investment and advisory opportunities where its deep industry experience and unique network of strategic relationships can create value for portfolio companies and clients.