Capital Alliance (CAL) – Sri Lanka’s leader in capital markets services, entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited.
Under the agreement CAL continues its ambitious yet resolute journey to realise its vision to be ‘The No.1 Investment Bank in Frontier Markets’, said a press release.
Under the agreement, CAL will own a significant equity interest in BetaOne Investments Limited and will partner with the current group of shareholders which includes a handful of highly reputed family businesses and professionals in Bangladesh.
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 first entered the Sri Lankan market in 2000 as a licensed primary dealer, rapidly evolving into one of only five non-bank licensed primary dealers in the country.