Sarvjit Bedi, General Manager M&A

Sarvjit Bedi

General Manager M&A

Vedanta Resources

Location
India - Mumbai
Education
Master's degree, Investment Banking Immersion
Experience
22 years, 9 Months

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Work Experience

Total years of experience :22 years, 9 Months

General Manager M&A at Vedanta Resources
  • India - Mumbai
  • My current job since December 2011

 Responsible for leading buy side transactions in the natural resources, port and power sectors including opportunity identification, evaluation and making recommendations to senior management
o Focus geographies: Australia, Africa, United States (coal), Latin America, Indian power and port sector
 Worked on the $10 billion merger of Sesa Goa and Sterlite Industries to create the 7th largest diversified natural resources Company in the world
 Leading ongoing restructuring for group infrastructure and real estate assets valued at ~$3 billion
 Participated / participating in competitive bidding for the largest container terminal in India valued at ~$2 billion and thermal power projects valued at ~$10 billion
 Reviewed valuation, participated in price negotiations and led negotiation of transaction documents for a TSX listed mining Company with assets in Africa
 Evaluated and presented alternatives for simplification of the Vedanta group structure including Dual Listed Company structure and IDR. Also analyzed the legal / regulatory framework and tax implications
 Part of capital raising team raising ~$3 billion in term loan and bond market

Vice President Mergers and Acquisitions at Credit Suisse
  • United States
  • June 2007 to August 2011

Vice President, Mergers and Acquisitions Group
Associate, Mergers and Acquisitions Group
 Performed variety of financial and quantitative analyses with cross-functional teams spanning multiple industries including Healthcare, Consumer, Retail, Telecom, Industrials, Infrastructure and Oil and Gas services
 Built financial models using LBO, DCF, trading comparables, precedent transactions and contribution analysis techniques and conducted merger consequences analysis and pro forma credit impact
Select transaction experience:
 Financial advisor to Community Health Systems on its ~$8 billion unsolicited bid for Tenet Healthcare
- Worked with client management to develop projections for the target and pro forma company
- Prepared Board presentations, performed valuation, analyzed financing alternatives and pro forma capital structure and performed merger consequences analysis under multiple operating and transaction structures
 Exclusive financial advisor to a large pharmaceuticals multinational for an ~$750 million acquisition in India
- Performed valuation and mergers consequences and prepared Board presentations
 Exclusive financial advisor to King Pharmaceuticals on its $3.6 billion sale to Pfizer
- Conducted the diligence process, prepared Board presentations and performed valuation analysis
 Exclusive financial advisor on a ~$2 billion sell-side in the Infrastructure industry consisting of a portfolio of ports
- Prepared asset wise financial model, information memorandum and management presentation
 Financial advisor to D&E Communication on its $330 million sale to Windstream Communications
- Prepared Board presentations, performed valuation and merger consequences and synergy analysis

Analyst at Accenture
  • India - Delhi
  • June 2004 to June 2005

 Led a cross-functional team to recommend and implement process reengineering opportunities at India’s first onsite finance and accounts outsourcing project - achieved cost savings of $100, 000
 Formulated and implemented policies and procedures for accounting and generating management information for a $225 million expansion project in the synthetics industry

Senior Associate at KPMG
  • India - Delhi
  • June 1999 to June 2004

 Responsible for client management, planning and executing engagements with multibillion dollar companies in the financial services and outsourcing sectors (e.g. GE Capital, Citigroup and Wipro)

Education

Master's degree, Investment Banking Immersion
  • at Cornell University, Johnson Graduate School of Management
  • May 2007

Cornell University, Johnson Graduate School of Management Ithaca, NY Master of Business Administration, May 2007, Investment Banking Immersion Co-President, Old Ezra Finance Club, Teaching Assistant - Intermediate Accounting

Master's degree, Accountancy
  • at Institute of Chartered Accountants of India
  • November 2002

Institute of Chartered Accountants of India New Delhi, India Chartered Accountant, November 2002, ranked 39th (out of ~15, 000) in the intermediate exams

Specialties & Skills

Finance
Accounting
Valuation
Due Diligence
Mergers and acquistions
ACCOUNTING
FINANCE
INTERMEDIATE ACCOUNTING
TEACHING

Languages

English
Expert
Hindi
Expert

Memberships

Co-President, Old Ezra Finance Club, Teaching Assistant - Intermediate Accounting
  • President

Hobbies

  • Hobbies and interests
    Exploring dangerous trails in the Himalayas, rifle / trap shooting, collecting whiskeys Golfer, squash and tennis, enjoy yoga and meditation