Capital Advisory Services completes another investment banking deal in agriculture sector

Friday, 17 March 2023 00:20 - - {{hitsCtrl.values.hits}}

Capital Advisory Services (CAS), a boutique investment bank in Sri Lanka kept its flag flying high with another landmark deal in the agricultural sector in Sri Lanka.

CAS was the advisor to a leading group of Mid Elevation Tea Factories in its structured divestiture of the Parakaduwa Tea Factory. This came on the back of astute restructuring within the group of companies, focusing on efficiencies and profitability.

CAS has been instrumental in raising capital, both in the form of debt and equity for Sri Lankan corporates and SMEs since its inception in 2020 and with this transaction, takes a giant stride in the advisory spheres in Sri Lanka. This was keeping in line with the Managing Director’s vision of “working closely with the agricultural sector in gaining them access to capital markets, and introducing good governance and better practices in their day-to-day business”.CAS said it has now grown to be a force to be reckoned with in Sri Lankan capital markets and will continue on its mission of “Capital market inclusion” for the untapped sectors in Sri Lanka.