Capital Alliance inks investment deal with Bangladesh merchant bank

Capital Alliance, Sri Lanka’s leader in capital market services, entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments.

Under the agreement, CAL will own a significant equity interest in BetaOne Investments and will partner with the current group of shareholders which includes a handful of highly reputed family businesses and professionals in Bangladesh, said a press release.

“Our partnership with BetaOne will enable us to offer high quality financial solutions to family businesses in Bangladesh who are seeking fresh avenues for growth whilst also offering our international clientele lucrative investment opportunities in a fast-growing market,” said Ajith Fernando, group CEO of Capital Alliance.

BetaOne expects to roll out a full spectrum of merchant banking services over the coming months including mergers and acquisitions advisory, Debt Capital Markets, Equity Capital Markets, Wealth Management and Margin lending.

CAL was advised on this transaction by Ace Advisory, a leading advisory firm in Bangladesh providing Corporate Advisory and other financial services.

“Sri Lankan companies have also historically enjoyed good business relations in Bangladesh and we hope to create greater market access for them as they continue to invest and expand globally,” he added.

BetaOne expects to extend this same importance in Bangladesh as well.

“We are excited to find a likeminded partner in CAL, so that together, we can offer clients competitive advantage at a regional scale,” said BetaOne Chairman Zulfiquar Rahman.