Avendus Capital Appoints Gaurav Arora as Head of Infrastructure

Original: Avendus ropes in UBS’s Gaurav Arora to lead infrastructure vertical

The Economic Times•Apr 6, 20263 min

In a Nutshell

Avendus Capital, an investment bank based in Mumbai, has appointed Gaurav Arora as Managing Director and Head of Infrastructure. Arora, previously with UBS, brings extensive experience in investment banking, particularly in infrastructure, and will lead the firm's efforts to capitalize on rising infrastructure investments in India.

Key Points

01Gaurav Arora joins Avendus Capital from UBS as Managing Director and Head of Infrastructure.
02He has a strong background in investment banking, focusing on infrastructure-related transactions.
03Arora's appointment follows the departure of veteran banker Prateek Jhawar.
04India's infrastructure investments are on the rise, supported by government initiatives.
05Foreign direct investment in the sector is projected at $81 billion for 2024-25, a 14% increase from last year.

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Full Summary

Avendus Capital, a Mumbai-based investment bank, has hired Gaurav Arora as Managing Director and Head of Infrastructure. Arora, who previously served as Executive Director at UBS, has extensive experience in investment banking, particularly in the infrastructure sector, having worked on significant transactions like the Stonepeak Infrastructure Fund's acquisition of a majority stake in Castrol. His appointment comes after the exit of Prateek Jhawar, a long-time infrastructure banker at Avendus, who has joined Macquarie Asset Management. The infrastructure sector in India is experiencing a surge in investments, driven by government initiatives in renewable energy and road monetization. According to a recent report, foreign direct investment in the sector is expected to reach $81 billion in 2024-25, marking a 14% increase from the previous year. This growth is part of India's broader strategy to establish a new energy and infrastructure ecosystem, aiming for net-zero emissions by 2070.

Key Figures

₹5,900 crore

Valuation of Avendus Capital after Mizuho Financial Group's acquisition

$81 billion

Estimated foreign direct investment in infrastructure for 2024-25

14%

Increase in foreign direct investment compared to the previous year

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Why It Matters

The appointment of Gaurav Arora is expected to enhance Avendus Capital's capabilities in the growing infrastructure sector, potentially leading to more investment opportunities and job creation in this area.

Who is affected

Investors, infrastructure companies, and job seekers in the infrastructure sector.

What to know

Stakeholders in the infrastructure sector should monitor Avendus Capital's upcoming projects and investment opportunities.

FAQ

Gaurav Arora previously worked as Executive Director at UBS and held positions at Deutsche Bank and Jefferies, focusing on infrastructure transactions.

India is seeing a significant increase in infrastructure investments, with foreign direct investment projected to reach $81 billion in 2024-25.

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