Deputy Chief Economist

Sharmila Whelan

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Thematic (Sector/Industry)

With the growth rate fast veering towards the dreaded “Hindu’ growth rate of 4.5%, the norm for India for decades after the independence, Indian policy makers are springing into action. A plan for reviving the economy by increasing financing, public infrastructure spending and improving the ease of doing business has been put in motion. India’s troubled public banking sector is being restructured and consolidated. It might take another few quarters of economic pain before India revives but government policy and the reform agenda are finally moving in the right direction.

With the growth rate fast veering towards the dreaded “Hindu’ growth rate of 4.5%, the norm for India for decades after the independence, Indian policy makers are springing into action. A plan for reviving the economy by increasing financing, public infrastructure spending and improving the ease of doing business has been put in motion. India’s troubled public banking sector is being restructured and consolidated. It might take another few quarters of economic pain before India revives but government policy and the reform agenda are finally moving in the right direction.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

CMS Info Systems Ltd / Equity Capital Markets

Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in <a href="https://www.smartkarma.com/entities/26155" target="_blank" data-smartkarma-citation="entities:26155:1">CMS Info Systems Pvt Ltd (9156635Z IN)</a> (CMS) via an IPO. CMS is the largest cash management company in India with a sizeable lead over the next player. However, it has failed to keep up with industry growth and hasn't been able to scale back to the peak earnings at which Blackstone exited. This doesn't seem to have stopped Barings, which bought the company from Blackstone in 2015, from trying to IPO at nearly double the price it paid just about two years ago.

Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in CMS Info Systems Pvt Ltd (9156635Z IN) (CMS) via an IPO. CMS is the largest cash management company in India with a sizeable lead over the next player. However, it has failed to keep up with industry growth and hasn't been able to scale back to the peak earnings at which Blackstone exited. This doesn't seem to have stopped Barings, which bought the company from Blackstone in 2015, from trying to IPO at nearly double the price it paid just about two years ago.

CMS Info Systems Pre-IPO Review - When a PE Sells to Another PE... Only One Gets the Timing Right

India

CMS Info Systems Limited provides cash management services. The Company offers ATM and currency management, retail and enterprise, and card solutions. CMS Info Systems serve customers in India.

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CMS Info Systems Ltd (CMSINFO IN)

India: Modi Springs in Action

With the growth rate fast veering towards the dreaded “Hindu’ growth rate of 4.5%, the norm for India for decades after the independence, Indian...

Sharmila Whelan

CMS Info Systems Pre-IPO Review - When a PE Sells to Another PE... Only One Gets the Timing Right

Baring Private Equity Asia plans to raise around US$150m by selling a 30% stake in CMS Info Systems Pvt Ltd (9156635Z IN) (CMS) via an IPO. CMS is...

Sumeet Singh

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