“The Firm has a good knowledge of local laws as well as providing a prompt and responsible service.”
Chambers Asia Pacific – Asia Pacific’s Leading Lawyers For Business 2015

 

In the News

In the diversified economy of Sri Lanka today, the Firm acts for one party or the other in most of the major commercial transactions.

 

 

“Japanese owned media firm Dentsu Aegis Network has acquired a majority stake in Sri Lankan creative media firm Grants Group. Price of the deal to buy a majority stake in the 60 year old firm was not disclosed”.

An extract from Jupiter Capital Partners - Sri Lanka Private Equity Market Newsletter, March 2017.

THE FIRM ADVISED THE GRANTS GROUP

 

“JAT Holdings has raised USD 3.8 million from Emerald Fund, a PE investment fund linked to Sri Lanka’s NDB Bank. Few years ago JAT Holdings, which is a leading firm is distributing wooden surface coating products, raised capital from private investors ”.

An extract from Jupiter Capital Partners - Sri Lanka Private Equity Market Newsletter, March 2017.

THE FIRM ADVISED EMERALD FUND

 

“Hayleys Plc and its leisure brand Amaya have ventured into the Maldives with a $ 23 million investment (around Rs. 3.4 billion) to buy a luxury resort with 51 villas. The company said it had ventured into owning and operating an overseas resort in the Maldives which would complement its city hotel and resort portfolio in Sri Lanka. The investment was made by a Hayleys subsidiary, Luxury Resort Ltd., a company incorporated in the Maldives”.

An extract from the Daily FT, 20th July 2016.

THE FIRM ADVISED HAYLEYS PLC.

Click here for the full article.

 

“Siam City Cement Pcl (SCCC), Thailand’s second-largest cement maker, said on Monday it has signed a deal to buy a Sri Lankan cement company from Holderfin B.V., a unit of LafargeHolcim, for 13.1 billion baht ($ 374 million). SCCC said in a statement that the deal will give it the largest share of the cement market in Sri Lanka, diversify its revenue sources and provide an opportunity to expand in South Asia”.

An extract from the Daily FT, 26th July 2016.

THE FIRM ADVISED THE LENDERS TO SIAM CITY CEMENT PUBLIC CO. LTD

Click here for the full article.

 

“Luxury Thai hotel and apartment operator Dusit Thani, a subsidiary of Dusit International, has made its first venture into the Sri Lankan market with the launch of Dusit Thani Beachfront, Balapitiya.

In partnership with Indola Group Ltd., a Board of Investment approved company in Sri Lanka, Dusit International announced the soft launch for the first phase of the luxury apartment project earlier this month, which saw a limited release of 40 of the 121 apartments to be constructed.”

An extract from the Daily FT, 27th April 2016.

THE FIRM ADVISED DUSIT INTERNATIONAL OF THAILAND

Click here for the full article.

 

“Hero Cycles Ltd India has acquired a majority stake in Sri Lanka based bike exporter BSH Ventures Ltd. With this move India’s biggest bike maker Hero wants to take advantage of the benefits associated with Sri Lanka regaining the GSP+ import duty free status. This allows for Sri Lankan made bikes to be imported duty free in the EU member states, according to a report in www.bike-eu.com”.

An extract from The Daily FT, 23rd March 2016.

THE FIRM ADVISED HERO MOTORS LTD.

Click here for the full article.

 

“Hela Clothing, a leading apparel maker acquired Foundation Garments, another apparel producer. Seller was Jinadasa Group, a diversified family owned industrial group. Although the value of the deal was not disclosed, the announcement said the acquisition was funded with a USD 18 million bank loan.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, February 2016.

THE FIRM ADVISED FOUNDATION GARMENTS AND JINADASA GROUP.

 

“Japans’ SG Holdings upped its stake in Expolanka PLC to 67%. Promoter family has sold a further 16% stake for USD 18 million. In 2014 SG Holdings bought 51% in the logistics firm for USD 84 million.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, February 2016.

THE FIRM ADVISED SG HOLDINGS ON THE TRANSACTION.

 

“Malaysian PE firm takes control in Sri Lankan education business. Malaysia’s Ekuti Nasional Bhd (Ekuinas), through a subsidiary firm, bought an additional 37.6% stake in APIIT Sri Lanka for USD 6.7 million.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, March 2016.

THE FIRM ADVISED EKUINAS.

 

“Norwegian firm exits Sri Lankan hydropower venture. Statkraft, a major European hydropower firm said it is selling 30% stake in its Sri Lankan venture. Accordingly 30% stake in Nividhu (Pvt) Ltd will be bought by other shareholders.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, February 2016.

THE FIRM ACTED FOR STATKRAFT.

 

“Indian firm buys Sri Lankan adhesive business. NSE listed Pidilite Industries acquired adhesive business of CIC Holdings PLC.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, December 2015.

THE FIRM ACTED FOR PIDILITE INDUSTRIES.

 

“In debt finance deals, Richard Pieris Distributors, owner of a hyper market chain, and part of diversified industrial group, has secured a USD 15 million debt funding from IFC. IFC has backed several retail firms in the past including an equity investment in a supermarket chain earlier this year.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, December 2015.

THE FIRM ACTED FOR IFC.

 

“Dutch development finanacier FMO announced that it syndicated a USD 153 debt deal for Commercial Leasing & Finance PLC, a finance company controlled by a highly leveraged LOLC group. Investors in the syndication include OPIC, BIO, Finnfund, Proparco, Symbiotics, Blue Orchard and Oikocredit.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, December 2015.

THE FIRM ACTED FOR FMO.

 

“People’s Insurance Ltd., a wholly owned subsidiary of People’s Leasing and Finance Plc, will be the latest entity to be listed on the Colombo Stock Exchange…”

An extract from The Daily FT, 23rd November 2015.

THE FIRM ADVISED PEOPLE’S INSURANCE ON THE IPO.

Click here for the full article.

 

“Local firm acquires foreign owned shipping business. IWS Holdings, a privately held local business group with interest in logistics, has acquired 40% stake in the Sri Lankan operations of American President Lines (APL) for USD 16.7 million.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, November 2015.

THE FIRM ACTED FOR APL.

 

“NDB Bank has sold part of its investment in Resus Energy PLC. Resus Energy in turn has shed its interest in Panasian Power PLC. Another small hydro power firm.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, November 2015.

THE FIRM ACTED FOR NDB.

 

“In other private debt deals, Hatton National Bank PLC said it secured a USD 50 million SME funding line from French development financier Proparco.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, November 2015.

THE FIRM ACTED FOR PROPARCO.

 

“NDB Investment Bank Ltd. (NDBIB) is continuing to establish itself as the leader in the investment banking space by providing corporate advisory services especially with regard to structuring M&A transactions, which include Management Buy Outs (MBOs) and raising debt via capital markets in Sri Lanka…”

An extract from The Daily FT, 8th September 2015.

THE FIRM ACTED FOR NDBIB.

Click here for the full article.

 

“Betting on growth in the financial services sector, US banking firm JP Morgan Chase & Co. has opened an office in Sri Lanka. Firm is expected to cater to financial institutions.”

An extract from Jupiter Capital Partners Sri Lanka Private Equity Market Newsletter, April 2015.

THE FIRM ADVISED ON THE ESTABLISHMENT OF THE OFFICE IN SRI LANKA.

 

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