Capital Alliance (CAL) entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited. With the formalization of this agreement and its entry to Bangladesh, CAL continues its ambitious yet resolute journey to realize its vision to be ‘The No.1 Investment Bank in Frontier Markets’.
Established in 2011, BetaOne Investments Limited is a leading licensed merchant bank in Bangladesh. 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 & 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.
“We are pleased to announce our second entry-point into Bangladesh, having obtained a TREC from the Dhaka Stock Exchange earlier this month. This is a significant milestone in CAL’s venture into other regional frontier markets” commented Capital Alliance Group CEO Ajith Fernando.
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