Lincoln International, a global investment banking advisory firm, has acquired EthiQuant Analytics, a valuations services provider, enhancing the firm’s ability to offer a well-rounded financial solution to its clients.
“The acquisition significantly expands Lincoln’s product offering in the country,” a joint release from the companies said.
In the Americas, Asia, and Europe, Lincoln’s valuation services vertical now employs about 150 professionals. The deal’s terms were not disclosed.
Varun Gupta, the founder of EthiQuant, will join Lincoln as a managing director in the firm’s Mumbai office, along with his 25-member team.
“India is an incredibly important market for Lincoln,” said Rob Brown, chief executive officer of Lincoln International. “In addition to being a fast-growing, highly active locale for both domestic and international M&A, it is increasingly becoming the epicenter for business and dealmaking for Asia at large, especially as conditions for cross-border collaboration in China become more challenged. The addition of Varun and the team meets numerous strategic criteria for us, including enhancing our presence in key geography, incremental opportunities to deliver additional services and expertise to clients, strong cultural alignment, and a shared commitment to success.”
Lincoln now has offices in Mumbai and Bengaluru in India. In sectors like consumer goods, healthcare, industrials, technology, media, and telecommunications, it offers mergers and acquisitions (M&A) and capital advisory services to public companies, private owners, private equity firms, and global asset managers.
“We are thrilled to welcome and integrate everyone from EthiQuant to Lincoln and into our global team. Clients will benefit from the additional expertise, experience, and access afforded by professionals who can provide coverage across all major time zones, and our valuations team is immediately complemented by the strong accounting, finance, business backgrounds from EthiQuant,” said Ron Kahn, managing director and co-head of Lincoln’s valuations and opinions group.
“Varun’s professional experience and reputation will be additive to our platform in India and yield even richer conversations with clients who are thinking about a variety of corporate finance and growth objectives,” stated Gaurav Marathe, Managing Director and Head of Lincoln India. “We are looking forward to introducing this new service as part of a complementary suite of solutions for clients.”
