Boston, MA -- (SBWire) -- 04/06/2012 --C.W. Downer & Co., an independent global investment bank, is pleased to formally announce the opening of its newest office in Mumbai, India. Shirish Nimgaonkar, Managing Director, will manage the Mumbai office.

C.W. Downer & Co. serves its global client base from its corporate headquarters in Boston and from offices in Dublin, Frankfurt, Madrid, Mumbai, Oslo, Paris, Shanghai and Sydney. The Mumbai office is located at Level 8, Vibgyor Towers, C62, Block G, Bandra Kurla Complex, Mumbai-400 051, India. The main phone number is +91 22 4090 7182.

“We are pleased to add Shirish and his team and, with Mumbai as a base, we look forward to expanding our transaction capabilities in India and South Asia,” said Arthur Gottlieb, Managing Director and Partner with C.W. Downer & Co. “C.W. Downer is guided by the principle that the middle market is global and our clients understand and appreciate the value of our unique global reach. We are a fully integrated firm and staff every engagement with our own professionals, not with employees of alliance partners. Extending our reach to India represents an important milestone for the firm,” stated Mr. Gottlieb.

“With its strong long term prospects, driven by a large pool of talented young workers and a growing middle class, India will be an increasingly important part of global cross-border M&A activity” said Shirish Nimgaonkar. “Continued revenue growth, strong balance sheets, and increasing market valuations of Indian companies will lead to more international transactions as these companies look to acquire new products, advanced technology, brand expertise and global customers. At the same time, international companies are increasingly focused on gaining access to the rapidly growing Indian market. I feel strongly that C.W. Downer, with its global reach, strong middle-market focus, and deep industry expertise is perfectly positioned to be a strategic advisor to both Indian and non-Indian clients,” he concluded.

Mr. Nimgaonkar has had extensive experience in strategy, corporate development, and operations in the US, Europe and Asia. Prior to joining C.W. Downer, he led the technology and private equity transactions practice for a cross-border M&A advisory firm. Earlier in his career, he was responsible for the strategy, growth and operations initiatives at several major IT services companies. He has also managed strategic operations, product management, marketing and fundraising initiatives for a large semiconductor company and for startup companies in the US. He has undergraduate and advanced degrees from the Indian Institute of Technology, where he was recognized as an ITC management scholar, Stanford University, and Harvard Business School. Mr. Nimgaonkar is also a professional musician and an avid sailor. He is fluent in English, Hindi, Marathi and Telugu.

About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 35 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:
Shirish Nimgaonkar, Managing Director
snimgaonkar@cwdowner.com

Patti Allan, Marketing Director
pallan@cwdowner.com
C.W. Downer & Co.
+1 617 482 6200