Sarthak Kawale

Chartered Accountant  ·  Jan '26

Investment Banking | Deal Advisory & Valuation Professional

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Finance.
First principles.

First-attempt Chartered Accountant with 3 years of investment banking experience at Acumen M&A Advisors LLP (India affiliate of Woodbridge International).

Advised on M&A transactions, capital raises and IPO mandates, building financial models, preparing CIMs and supporting investor outreach and negotiations with founders and CXOs. Exposure across transactions ranging from INR 100 Cr fundraises to a USD 125 Mn capital raise.

DCF · Trading & Transaction Comps · Monte Carlo · PPA · S&P Capital IQ

Portfolio of work samples (Independent)

W.01
Hindustan Unilever — Financial Model
Integrated 3-statement model for HUL with DCF valuation, WACC sensitivity analysis and terminal value assumptions. Built as independent proof-of-work during IB & Financial Modelling Masterclass.
DCF · 3-Statement · Excel
W.02
ITC Limited — Share Price Analysis
Quantitative share price analysis of ITC Ltd including trading comparables, peer benchmarking and valuation multiples analysis across the FMCG sector.
Equity Research · Comps · Excel
W.03
Sell-Side Teaser — Packaging (Anonymised)
Teaser for a mid-market packaging company with target EV of INR 250 crore. Outlines investment thesis, growth drivers, margin expansion levers and capital deployment strategy.
Sell-Side · M&A · Investor Materials
W.04
Monte Carlo Option Valuation (Anonymised)
Valued embedded call and put options on a subsidiary's shares for a INR 4,500+ crore listed company. Assessed redemption liability and P&L impact using Monte Carlo simulations.
Options · Monte Carlo · Derivatives

* HUL and ITC models are independent work and not client-related. Deal materials (W.03, W.04) are anonymised and modified to remove confidential information.

Deals & engagements

Acumen M&A Advisors LLP (India affiliate of Woodbridge International) · Articled Assistant · Feb 2023 – Feb 2026

Mandate Type Sector Scale My Role
Majority stake sell-side advisory Sell-Side M&A Packaging INR 250 Cr EV Core execution — 3-statement model + DCF, investor materials, 40+ buyer outreach, CXO engagement during negotiations
Growth capital fundraise Fundraise FMCG Contract Manufacturing INR 100 Cr Led 3-member team — IRR model, capital structure scenarios, sector benchmarking, investor positioning with founders
Growth capital raise Fundraise Housing Finance USD 125 Mn Financial model (loan book, capital adequacy, leverage), 70-slide CIM in 9 days, Tier-1 bank coordination
IPO advisory IPO Advisory Integrated Facility Management INR 3,300 Cr+ revenue Sub-segment & client-level financial models, revenue KPI structuring for DRHP preparation
Embedded option valuation Valuation Paints (Listed) INR 4,500 Cr+ mkt cap Monte Carlo simulation for call/put options on subsidiary shares, redemption liability and P&L impact
Purchase price allocation Valuation Paints (Listed) - Identified & valued intangibles (product formulations, customer relationships) using Relief-from-Royalty and MPEEM
Pharma company valuation Valuation Pharmaceuticals INR 2,000 Cr+ revenue DCF + market approach (comps & precedent transactions) for PMS client — enterprise and equity value
Swap ratio analysis Transaction Structuring FMCG - Share exchange ratio via comparable company analysis, valuation sensitivity, post-merger ownership realignment
Buy-side target screening Buy-Side M&A Chemicals - Acquisition target framework — revenue scale, margin profile, strategic fit; developed full target list

Technical toolkit

Financial Modelling & Presentation
  • Integrated 3-statement models
  • IRR and NPV models
  • DCF and H model
  • CIM and teaser preparation
Valuation
  • Monte Carlo option valuation
  • Purchase price allocation
  • Swap ratio and exchange analysis
  • Trading and transaction comps
Research & Platforms
  • S&P Capital IQ
  • VCCEdge · Tracxn
  • Looker Studio dashboards
  • Sector & industry research

Let's connect.

Open to opportunities in investment banking, valuation and corporate finance. Based in Pune, available across India.

Qualification
Chartered Accountant — All levels, first attempt (Jan '26)
Most Recent Role
Articled Assistant
Acumen M&A Advisors LLP · Feb 2023 – Feb 2026
Location
Pune, Maharashtra, India