Our Consumer, Financial Institutions Group (FIG) & Business Services vertical is focused on consumption oriented sectors, high-growth financial services sector and other business services segments.
The team has extensive experience in both mergers and acquisitions (M&A) and private equity (PE) transactions with specific experience of working with entrepreneurial firms.
We work in tandem with our Digital & Technology vertical to help our clients reap the benefits of digital disruption.
Sub-Sectors in Focus
Our mergers and acquisitions (M&A) advisory and private equity (PE) syndication services are recognized as amongst the best in these chosen sub-sectors.
- Consumer goods & services and retail - FMCG, consumer durables, F&B products, restaurants and all retail formats
- Financial services - banks, NBFCs, mortgage finance, microfinance companies, insurance companies
- Logistics - third party logistics (3PL), multi-modal transportation and freight management
- Media - publishing, cable & broadband, broadcasting and service providers to the media industry
- Education -preschools, K-12, higher education and vocational training
- Business services - facilities management, cash management and security services
Led By
Abha Agarwal
Managing Director and Co-head, Consumer, FIG & Business Services, Avendus Capital
Abha Agarwal co-heads the Consumer, Financial Institutions Group (FIG) & Business Services vertical for Avendus’s investment banking business and is based in Mumbai.
She joined Avendus in 2007 and has over 12 years of investment banking experience across sectors including financial services, consumer (food & beverages, education, fashion and lifestyle) and business services (logistics and payments). She has a wide experience across private equity (PE) fundraising, mergers and acquisitions (M&A) and structured solutions with a track record of closing 20 transactions, few of which were the most complex ones in the history of Avendus.
Prior to joining Avendus, she had a brief stint with Accenture Consulting.
Abha holds an MBA degree from S.P. Jain Institute of Management and Research, Mumbai and is also a Chartered Accountant.
Anshul Agarwal
Managing Director and Co-head, Consumer, FIG & Business Services, Avendus Capital
Anshul Agarwal co-heads the Consumer, Financial Institutions Group (FIG) & Business Services vertical for Avendus’s investment banking business and is based in Mumbai.
He has over 16 years of investment banking experience across sectors including financial services, consumer & business services, aviation and metals & mining sectors.
Prior to joining Avendus, he worked for over 13 years at Rothschild, India. At Rothschild, he was responsible for coverage and execution of financial services and aviation verticals. He has rich experience of working on multiple cross-border transactions in mergers and acquisitions (M&A), private equity (PE) syndication and Initial Public Offering (IPO) advisory. Anshul has spent some early years of his career working with Lazard’s investment banking team.
He holds an MBA degree from IIM, Calcutta and has done his Bachelor's in production engineering from Pantnagar University.
Transactions
Reports
Indian Alternatives Market: Poised for USD 2 Trillion by 2034
India’s Alternatives market, currently valued at USD 400 billion, is set for exponential growth, driven by increasing HNI wealth, a favourable regulatory environment, and rising demand for differentiated products. Our report explores the key trends, investment opportunities, and sectoral drivers, projecting the market to reach USD 2 trillion in the next decade, unlocking immense value-creation potential.
US Healthcare RCM Services: A USD 28 Billion Market Opportunity by 2029
The market for outsourced Revenue Cycle Management services has grown multi-fold in the recent years, driven by several factors such as, complexity of medical codes and workflows across the RCM value chain, shortage of talent, and growing pressure on overall profitability of providers. Our report highlights the key trends, technology adoption, and investment opportunities in this high-growth sector.
Decoding SaaS
India’s SaaS market is set to grow at 33% CAGR to USD 35 billion+, contributing ~7% to the global market. Our latest report unveils an 8-point framework to identify high-value SaaS companies, emphasizing revenue growth, profitability (Rule of 40), sales efficiency, client retention, and strong cash flow from subscription models.
Data Centres - A USD 25 Billion Market Opportunity Over The Next Decade
India's Data Centre industry is currently undergoing a massive disruption, led by long-term stable capital chasing both yield and growth returns and propelled by hyperscale tenancy and AI respectively. India is among the fastest-growing Data Centre markets globally and we estimate that it will grow at a CAGR of ~26% over the next 3 years to reach ~2,000 MW by December 2026. Our report aims to table the key drivers as the narrative for Data Centres in India unfolds.
Indian domestic formulations: An INR ~5.5 trillion market by 2034
The Indian DomForm market is expected to touch INR ~5.5 trillion by 2034, growing at a CAGR of 10%. Our report foresees some fundamental model shifts over the next decade, such as a gradual transition from a primarily doctor branded prescription model to an alternative marketing and channel mix. This will be aided by more stringent quality compliance, which would lead to a rationalisation of supply chains.
Tech Services: A Hotspot For Private Equity Investment
Private equity deals in the IT services sector have surged, tripling over the past decade to reach 229 deals in 2023. The sector's growth is driven by its resilience, high cash flow generation, and strategic focus on high-demand areas like Cloud, Analytics, DES, and Cybersecurity. With over 350 active PE investors and significant increases in deal values, IT services offer attractive exit opportunities and substantial returns, cementing their status as a premier choice for private equity investment.