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AVISTA ADVISORY GROUP CONTINUES EXPANSION OF ITS CORPORATE FINANCE CAPABILITIES IN INDIA

NEW YORK, N.Y., Sept. 23, 2014 (GLOBE NEWSWIRE) -- Avista Advisory Group (Avista), the Pan-Asian advisory firm headquartered in Singapore, and Houlihan Lokey, the international investment bank which holds a minority stake in Avista, today announced that Siddharth Suri and Subodh Gupta have joined Avista as Directors, focusing on debt advisory and M &A advisory respectively. Both individuals are based in Mumbai.

Mr. Suri joins from Rothschild India in Mumbai, where he was an Assistant Director in Debt Advisory & Restructuring with responsibility for originating, structuring, and executing debt advisory transactions for a range of corporate clients, as well as coverage of debt capital providers including banks, non-bank finance companies, and credit funds, among others. Prior to Rothschild, Mr. Suri was a Senior Vice President at the Infrastructure Development Finance Company Ltd., where he oversaw debt syndication for clients in the infrastructure sector.

Mr. Gupta also joins Avista from Rothschild India, where he has worked for more than a decade and for the past four years was an Assistant Director in Investment Banking. While at Rothschild, Mr. Gupta advised some of India's largest and best-known companies, as well as a number of global corporations on a range of corporate finance matters. Prior to Rothschild, he was a Senior Research Analyst with the global research division at McKinsey & Company, leading the Corporate Finance & Strategy (CF &S) research team focusing on European clients engagements.

"On a combined basis, Siddharth's and Subodh's experience spans the full range of clients, sectors, and corporate finance assignments," said Rajiv Kochhar, CEO of Avista. "As we continue to add talent to the Avista platform, this breadth of experience is invaluable to our clients and we're delighted that they have joined the firm," he continued.

"Corporate finance activity in India, both in M &A and the capital markets, remains extremely robust," said Ravi Shankar, Avista's Head of Coverage for India. "I'm confident that Subodh and Siddharth will substantially contribute to the excellent client service Avista delivers and will doubtless help our clients take advantage of the opportunities in the market and realize their objectives," he added.

Mr. Suri holds a Bachelor of Commerce with Honors and a Post Graduate Diploma in Business Management from the Indian Institute of Management, Calcutta. Mr. Gupta holds a degree in Chemical Engineering and an MBA in Finance and IT from the International Management Institute, New Delhi. He is also a CFA Charterholder from the CFA Institute in the United States.

Avista Advisory Group is a Pan-Asian investment banking advisory firm, with operations in India and Singapore, focusing on the mid-market sector. Avista's key product expertise is across M &A, financing, and restructuring advisory, which is well supported by an experienced team with industry expertise across key sectors of Industrials, Consumer, TMT, Real Estate, Energy & Utilities, and Infrastructure. The simple strategy for growth at Avista has been to service its high-growth, mid-market clientele through its integrated platform of product, industry expertise, and regional coverage across the corporate finance spectrum. Please visit www.avistaadvisory.com for additional information about Avista.

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 global restructuring advisor, the No. 1 M &A fairness opinion advisor for U.S. transactions over the past 10 years, and the No. 1 M &A advisor for U.S. transactions under $3 billion, according to Thomson Reuters. For more information, please visit www.HL.com.

For press inquiries, contact John Gallagher at 212.497.4220.

CONTACT: John Gallagher 212.497.4220Source:Houlihan Lokey Howard& Zukin