Crowe Horwath acquires Partners Capital
PROFESSIONAL services provider Crowe Horwath Singapore has acquired Partners Capital Singapore, a boutique corporate finance firm, and renamed itself Crowe Horwath Capital Pte Ltd.
Crowe Horwath currently offers fund administration, financial market audit, tax advisory, valuation and risk advisory services under its Financial Services group. With the acquisition, it will now also provide corporate finance advisory to listed companies on Singapore Exchange (SGX) as well as to privately owned corporate and individual clients.
The transaction amount was not disclosed.
Partners Capital is fully accredited by SGX as an issue manager for initial public offerings (IPOs) and reverse takeovers on the mainboard, as well as other corporate advisory services.
Partners Capital head of corporate finance Clement Leow said the group will explore applying to be a Catalist sponsor as part of its future plans. This will allow the group to undertake IPOs on the Catalist board and be a continuing sponsor for Catalist-listed companies.
Crowe Horwath Singapore CEO Tan Kuang Hui said: "The acquisition of Partners Capital brings a strong team with deep corporate finance expertise and experience to Crowe Horwath Singapore.
"The acquisition will add another capability arrow to our quiver in terms of offering a comprehensive suite of services for clients to pick and choose from."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results