Advisory Board Member
Keyur Sanghvi
Chartered accountant and investment banker.
A Mumbai-based chartered accountant with about two decades in investment banking, private equity and M&A, and a Director at Acorntree, where he specialises in sell-side M&A.
Connect on LinkedIn
Profile
Capital, deals
and the numbers behind them.
Keyur Sanghvi brings about two decades of experience in investment banking, private equity and corporate finance to Bitcon’s Advisory Board. A chartered accountant based in Mumbai, he has been a Director at Acorntree, an investment advisory firm, since 2017. There he specialises in mergers and acquisitions as a sell-side banker.
He started at Deloitte Consulting after qualifying as a chartered accountant, then moved into finance with Blend Financial Services and a private equity firm, where he built a sector thesis in telecom, media and technology and worked with international investors on a fund raise. As an independent consultant he advised on market research and India-entry strategy for consumer and healthcare businesses.
At Elara Capital, and later as a Vice President in investment banking, he sourced and executed fund-raising and M&A mandates for private equity funds, investment houses and business groups. His work spans financial modelling, due diligence, valuation, negotiation and deal structuring.
Value to clients and lenders
An investor’s view of every project.
Bitcon’s DPR, TEV and lender’s engineer reports are read by people deciding whether to put money into a project. Keyur has spent his career on that side of the table, raising and investing capital for funds and companies.
- Financial viability
- He brings financial modelling and valuation experience to the projections in Bitcon’s TEV and DPR reports.
- Funding structure
- He advises on the mix of bank debt, equity and other instruments, helping project funding plans address the requirements of lenders and investors.
- Investor-grade scrutiny
- He brings the questions private equity investors ask in due diligence to Bitcon’s appraisal work.
- Technical due diligence for investors
- Funds and corporates investing in plants and projects need an independent engineering view. His experience on the investor side helps Bitcon serve them.
- Growth strategy
- He gives input on business development and market strategy as Bitcon grows its advisory practice.
Investment banking & corporate finance
Career highlights
- 2017 to date
Director, Acorntree
Transactions for private equity funds and corporate clients, including an investment in a ready-to-eat food maker with a strong brand in southern India.
- 2013 to 2016
Elara Capital, then Vice President, investment banking
Fund raising and M&A mandates for private equity funds, investment houses and business groups, including real estate fund raising and M&A for an oil and gas company based in Colombia.
- 2007 to 2013
Blend Financial Services; private equity firm; independent consultant
Sector research in telecom, media and technology; fund raising with international investors; market-entry strategy.
- 2005
Chartered Accountant
Institute of Chartered Accountants of India.