First Capital Advisory Services and Atarah Capital announce strategic partnership

Thursday, 30 January 2025 00:06 - - {{hitsCtrl.values.hits}}

From left: Corporate Finance and Advisory Vice President Atchuthan Srirangan, First Capital Holdings Chief Operating Officer and First Capital Advisory Services Chief Executive Officer Tharusha Ekanayake, First Capital Holdings Managing Director/CEO Dilshan Wirasekara, Atarah Capital Managing Director Rohan Senewiratne, Chairman/Non-Executive Independent Director Cecil Perera, Non-Executive Independent Director Bradley Emerson and Head of Investment Banking Chandana Wijesundara

First Capital Advisory Services Ltd., a subsidiary of First Capital Holdings PLC and Atarah Capital Ltd., have officially signed a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at enhancing the corporate finance landscape.

This partnership brings together the strengths, expertise, and networks of both companies to provide high-impact investment opportunities and structured financial transactions.

First Capital Advisory Services, licenced and regulated by the Securities and Exchange Commission (SEC) of Sri Lanka, is a leading corporate finance advisor offering a wide array of services, including shareholder value enhancement, capital raising, liquidity goals, and accelerated growth solutions.

Atarah Capital (ACPL) is licensed and regulated as a Corporate Finance Advisor (CFA) by the SEC, and an approved “Sponsor” firm of the Colombo Stock Exchange (CSE). Since 2023, ACPL is contracted as a Business Advisory Service Provider for the USAID CATALYZE Private Sector Development (PSD) activity’s funding program, aimed at facilitating equity capital for SMEs through CSE listings.

The collaboration is designed to leverage the combined experience and extensive industry connections of both parties. Their joint efforts will focus on a range of services, including investor engagement across lending facilities, public equity, and debt securities; structuring private equity transactions for unlisted securities; supporting capital raising through IPOs and other innovative financial instruments; and developing customised financial solutions for investors, borrowers, and issuers alike.

The collaboration between First Capital Advisory Services and Atarah Capital promises to bring several strategic benefits. For First Capital, the partnership will open new avenues for attracting investors, borrowers, and market opportunities. It will also expand the company’s service offerings, including IPOs, private equity, and structured transactions, while further strengthening its credibility and market position as a trusted corporate finance advisor. Additionally, the partnership is expected to drive increased deal volume, accelerate revenue growth, and provide First Capital with a competitive edge in delivering innovative financial solutions. For ACPL, the partnership will pave way for opportunity to collaborate on transactions involving debt securities (both listed and unlisted), to leverage on its counterpart’s extensive experience, expertise and successful track record.

Through this collaboration, both companies aim to contribute to the growth and development of Sri Lanka’s financial markets by providing tailored advisory services and facilitating impactful financial transactions.

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