Professional services provider Crowe Horwath Singapore has acquired Partners Capital Singapore, a boutique corporate finance firm that holds a capital market service (CMS) license from the Monetary Authority of Singapore (MAS) since 2008.
Partners Capital dates back to 2001 and offers advice on asset allocation and management across all asset classes and geographic markets. It is an adviser serving investment professionals, endowments, foundations, pensions, and high-net-worth families.
The company is fully accredited by the Singapore Exchange (SGX) as an issue manager in relation to Initial Public Offerings (IPOs) and Reverse Takeovers (RTOs) on the Mainboard of the SGX, and other corporate advisory services.
Following the acquisition, Partners Capital will be renamed as Crowe Horwath Capital Pte Ltd and will provide its corporate finance advisory to listed companies on the SGX, in addition to non-listed corporate and individual clients.
“We think that Singapore being a global financial center and a gateway to Asia, is an attractive location for IPOs as well as the listing of REITs. Supported by the Crowe Horwath network, we aim to identify companies and real estate assets that will benefit from being listed in Singapore,” said Clement Leow, the Partners Capital Head of Corporate Finance.
He further adds,“As part of our future plans, we will explore applying to be a Catalist sponsor which will allow us to undertake IPOs on the SGX Catalist and be a continuing sponsor for Catalist-listed companies.”
At present, Crowe Horwath Singapore offers services such as fund administration, financial market audit, tax advisory, valuation and risk advisory services under its Financial Services Group. The addition of Crowe Horwath Capital will allow it to provide additional value-added services to its clients.
Commenting on the deal, the CEO of Crowe Horwath Singapore – Tan Keng Hui said, “The acquisition will add another capability arrow to our quiver in times of offering a comprehensive suite of services for clients to pick and choose from.”
By Vivian Foo, VCNewsNetwork