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Monday, October 10, 2011

LR Global acquires 10% Delmege stake

LR Global Partners, a frontier markets focused private equity and asset management company based out of New York, with offices in Bangladesh, Vietnam, Singapore and Sri Lanka, acquired a 10 percent of Lewis Brown and Co (Pvt) Ltd, which owns Delmege Forsyth and Co Ltd, through its investment vehicle, Lanka Strategic Investments (Pvt) Ltd. LR Global Lanka Asset Management Company Group Managing Director and CEO Channa de Silva has been appointed to the Board of Lewis Brown and Co (Pvt) Ltd.

Lewis Brown & Co (Pvt) Ltd was recently acquired by Dhammika Perera and Vallibel One Ltd, Royal Ceramics Lanka, Nimal Perera, Tharana Thoradeniya and A M Weerasinghe. LR Global Lanka Asset Management Company is committed to sourcing fundamentally sound investments in support of the capital markets in Sri Lanka.

source - www.dailynews.lk