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Agencies
State-owned Bank of Baroda (BoB) and Mizuho Bank, the banking arm of Japan’s Mizuho Financial Group, on Tuesday announced a strategic partnership to enhance collaboration across mergers and acquisitions (M&A) financing and related services. The partnership brings together Mizuho’s extensive global network, cross-border capabilities and expertise in structured finance with Bank of Baroda’s strong domestic franchise, deep corporate relationships and comprehensive understanding of the Indian market, a joint statement said. Under this partnership, Mizuho and BoB will collaborate on transactions covering acquisition financing, including joint origination, structuring, co-underwriting and syndication, M&A advisory on identified deals and forming preferred-partner channels for sub-participation and secondary risk distribution, it said. Besides, ancillary banking services such as cooperation in global market products for foreign exchange and interest rate hedging and escrow services in related transactions and capacity building through the exchange of best practices in acquisition finance underwriting, structuring, inter-creditor arrangements and related fields are also part of the strategic tie-up. PTI(You can now subscribe to our Economic Times WhatsApp channel)
bank of barodaBoBMizuho BankBank of BarodaM&A financingmergers and acquisitionsstrategic partnershipacquisition financingIndian market
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bank of barodaBoBMizuho BankBank of BarodaM&A financingmergers and acquisitionsstrategic partnershipacquisition financingIndian market
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
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