We have added Investment Banking to our array of services for the corporate.
Hexagon just completed arranging and advising the first exit for an investment in a social impact company!
By successfully executing the mandate given to us by Lok Capital, a fund promoted by IFC, Govt. of Netherlands, Rajiv Lall (IDFC) and Donald Peck (Founding Partner, Actis), to sell its holding in Rural Shores a global leader in social impact outsourcing. The buyer is a very well known family office and venture capital investor known in the technology space.
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• Stock: Larsen & Tubro• Sector: Capital Goods• Sector Trend: Capital goods sector facing order book challenge• Our Research: We discovered that L&T, contrary to the sector trend, was building up order book, got out of non productive projects & having a meaningful contribution from business in International markets.• Investment Timing: We waited for 3 quarters to get the right price and had a short accumulation period of 60 days (see graph)• The Pay Off: The stock delivered a Handsome return of more than 85%