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CAL transaction footprint over Rs. 100 b in past 24 months

12 Oct 2019

Capital Alliance (CAL), a leading investment banking services (debt and equity fundraising and mergers and acquisitions) provider, announced last week that it now has a transaction footprint of over Rs. 100 billion in the past 24 months. In a press release, CAL said that a clear focus on family businesses since its inception has enabled it to create a unique proposition for family businesses across its service offerings. Across its investment banking verticals, CAL has dedicated itself to both business affairs of the family and in structuring unique investment products for family investors. In debt markets, CAL set the benchmark for corporate debt fundraising in Sri Lanka, securing a c. 40% market share in listed debt in FY18, a position of market leadership which it continues to maintain as at YTD August 2019. Over this period, CAL has raised over Rs. 60 billion for its clients commanding a c. 26% market share. Commenting on CAL’s product offerings, Head of Debt Niyomi Pushpakumara said: “With extensive experience in debt structuring and a strong reputation in the market, CAL is equipped to facilitate local and international funding opportunities with innovative financial instruments tailor-made to suit your requirement.” In mergers and acquisitions, CAL advised clients on a variety of local and cross-border transactions acting almost entirely on behalf of family businesses. Families of varying natures have trusted CAL to understand the nature of their companies and to either find the right home for their valued assets or to find business acquisitions that fit their value system. The mergers and acquisitions team added c. Rs. 30 billion in value to its clients during the past two years, securing a market leadership position amongst listed entities. Amongst its landmark transactions over the said period, CAL managed the largest foreign acquisition of a local listed company. Commenting on current market conditions, CAL Head of Equity and Mergers and Acquisitions Rizny Faisal said: “Bouncing back from the recent terror attacks, we have seen a significant increase in the level of activity in equity capital markets and mergers and acquisitions. We expect the renewable energy, education, financial services, and retail sectors to have the most significant traction in the coming few months.” CAL is a full-service investment bank involved in equity brokering, treasury, asset management, origination, and financial advisory.


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