Acquisition Support to Acquirer – ING Group
We advised ING Group with the USD 70 million acquisition of a 23.99% stake in Vysya Bank in India. This represented the largest foreign direct investment by an international financial institution into an Indian bank and the first investment in India under the newly increased 49 per cent cap on foreign direct investment in that year.
Our responsibilities included:
- Developing and implementing risk management policies, processes and procedures;
- Operational process development;
- Interim management: secondment of an interim Chief Operating Officer.