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.