Tech I-Bank Chesapeake Sets Up India Office - reports VC Circle

VC Circle reported that the Chesapeake Group Inc., a New York-headquartered boutique investment bank focusing on mid-market companies in the IT/BPO verticals, has announced its entry into India with an office in Bangalore. The Chesapeake Group specialises primarily in buy-side representation in merger & acquisition deals and focuses on strategic deals. Siddhartha Padam, till recently a Principal in the M&A team at Infosys, will move to head Chesapeake’s Indian presence as its Principal.

Founded in 1987, the New York headquartered Chesapeake Group has affiliates in London and Paris. The Chesapeake Group claimed it has helped a number of US and Europe-based clients establish Indian operations. Its current and past clients include Covansys, Zensar Technologies, Valtech, Tech Team, Sento Corporation, Softtek, Answerthink and eIndia Venture Fund among others.

Recently another New York investment bank Jefferies had announced it India entry with a representative office in New Delhi.