Achievements
Sale of Asian Alliance Insurance PLC (AAIC) currently known as Softlogic Life
Asian Alliance Insurance PLC is a listed insurance company with market capitalization of over US$45mn. In 2011 majority shareholders Fast Gain Inetrnational Ltd and Asia Capital PLC (ACAP) through Malaysian fund management company QI Asset Management Ltd mandated Nishan Sumanadeera, Managing Partner of Frontier Capital Partners Ltd to find a potential buyers to facilitate the divestment of 73% of the shareholdings in AAIC. Accordingly the said shareholdings in Asian Alliance Insurance PLC were successfully placed with the Softlogic Holdings PLC (SHL) and its subsidiary Softlogic Capital Ltd in August 2011 making it the largest Merger and Acquisition (M&A) deal to take place during the year 2011
Softlogic Group to buy 73.5% of Asian Alliance for Rs. 3.3 b
Sale of Kapila Heavy Equipment’s PLC (KAPI) to Malaysian MTD Capital Bhd. (KAPI)
Current Managing Partner of Frontier Capital Partners Ltd, Nishan Sumanadeera, during his tenure as the head of Corporate Finance of a well-known investment bank in Sri Lanka was instrumental in facilitating the sale of Kapila Heavy Equipment’s PLC (KAPI) on behalf of a consortium of private owners to MTD Capital Bhd of Malaysia in 2007. Further Mr Sumanadeera advised and assisted MTD Capital Bhd to acquire a well construction company CML Edwards, Walker Piling and also to consolidate and integrate these business through a backdoor listing. Today MTD Walker PLC is one of the largest construction companies to be listed on the Colombo Stock Exchange
Takeover of the Capital Reach Holdings Limited
Nishan Sumanadeera our current Managing Partner of Frontier Capital Partners during his tenure at Asia Capital PLC as the Head of Investment Banking successfully concluded the takeover of Capital Reach Holding Limited well known Financial Services and Holding company through skillful negotiations and tact to acquire the critical minority shareholding which was critical to secure to control the company. Prior to the takeover he was instrumental in the taking control of 15% of the Capital Reach Holding Limited via legal action against the previous owners Vanik Incorporation Inc
Takeover of Confifi Group by Lanka Orix Leasing Company PLC (LOLC)
Confifi Group is one of the largest hotel holding company which controls 3 listed star class hotels namely Confifi Hotel Holding PLC (PALM), Riverina Hotels PLC (BHR) and Eden Hotels PLC (EDEN). Confifi Group controls over 500 hotel rooms of the Golden Mile of southern beach with a total market capitalization of approximately US$ 50mn. Mr Nishan Sumanadeera on of our Senior Partners was instrumental in facilitating the sale of these 3 hotels to a consortium of investors comprise of Lanka Orix Leasing Company PLC (LOLC) and Brown Group in a swift but a hostile takeover transacted via the Colombo Stock Exchange
Acquisition and Restructuring of Asia Asset Finance Limited (AAF). Formerly known as Finance and Land Sales Limited
Our current Managing Partner Nishan Sumanadeera during is tenure at Asia Capital PLC as the Head of the Investment Banking spearheaded the negotiations, due diligence study and takeover of Finance and Land Sales Limited (FLSL) a licensed finance company with over 30 years of history from its charismatic owners and subsequently successfully reorganized and recapitalized the business under the new name Asia Asset Finance Limited to make it one of the present day key subsidiaries of Asia Capital PLC
Sale of C.W, Mackie PLC (CWM)
CW Mackie is a trading and export company established in 1900 with a current market capitalization of over US$ 30mn. In 2009 majority shareholders of the company Aarhuskarlshamn AB (Publ) and Industrial Fund for Developing Countries (IFU) through Swedish legal firm Mannheimer Swartling mandated Mr Nishan Sumanadeera one of our Senior Partners to find a potential party to divest its shareholdings. Accordingly the said shareholdings of the company was successfully placed with Lankem Ceylon PLC and Kotagala Plantation PLC recording one of the few takeovers to be recorded in the Colombo Stock Exchange during the year 2010. Further the minority stake of the company was successfully placed with a high net worth individual to complete the successfully takeover of the company by the new investor
Placement of 10% shareholdings of National Development Bank (NDB)
Frontier Capital Partners Limited successfully concluded the divestment of 10% shareholding of National Development Bank PLC (NDB) owned by Malaysian based QI Asset Management Limited through various Special purpose Companies. Transaction was concluded in January 2013.
Placement of 40% shareholdings of Asia Siyaka Commodities PLC (ASIY)
Frontier Capital Partners Limited successfully concluded the placement of 40% shareholding of Asia Siyaka Commodities held by Siyaka (pvt) Limited to a consortium strategic local investors.Transaction was concluded in October 2011
Restructuring of Asia Capital PLC (ACAP)
Amidst ongoing negotiations between key Japanese and Malaysian investors of Sri Lanka’s pioneering investment banking group, Asia Capital PLC (ACAP), in September 2020 appointed Frontier Capital Partners Ltd as the legal and financial consultants to restore confidence among the investors and to create shareholder value through a process of restructuring and financial reengineering of group assets and businesses
Asia Capital to undergo restructuring to bring value to both Malaysian, Japanese investors
Acquisition of Navara Capital Partners Ltd and Navara Securities (pvt) Ltd by Asia Capital PLC
Frontier Capital Partners Ltd facilitated the acquisition of 70% shareholdings of Navara Capital Partners Ltd and 94% shareholdings in Navara Securities (pvt) Ltd licensed stock brokering company by Asia Capital PLC in December 2020. Transaction was structured, advised and facilitated by Frontier Capital Ltd as per the mandate given by the majority shareholders to restructure and reorganise and diversify Asia Capital PLC a company listed in the Colombo Stock Exchange
Asia Capital enters share purchase agreement to buy 70% of Navara Capital Partners