Scepter Signals Intent to Acquire Financial Services Firms
Scepter Partners, a direct investment and merchant banking specialist for sovereign wealth and large cap family offices, signaled its interest in acquiring new financial services businesses as part of its planned future business development. Regarding this new strategic direction, Group Executive Chairman and CEO Rayo Withanage commented, “While several of the large banks are selling off their non-core assets, Scepter is particularly attracted to markets such as Switzerland, Monaco and the Caribbean. We are also interested in seeding or acquiring alternative asset management businesses with a focus in Hedge Funds."
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151208006554/en/
Scepter, which is supported by $14 billion of discretionary assets which have been allocated by its core stakeholders to support future activities, is exploring the purchase of an existing bank or the formation of a new banking entity. The Group sees this initiative as the next natural step in the expansion and development of its merchant banking division. Discussing the best way forward, Mr. Withanage added “We have been analyzing a number of options in Europe and Asia, where we see plenty of attractive assets. A significant bank acquisition at this time would be potentially synergistic to the future growth of the company.”
Scepter is a standing syndicate of ruling families, ultra-high-net-worth industrialists and sovereign wealth funds. Headquartered in Bermuda with offices in New York and representative offices in London and Beijing. Scepter was founded by financier Rayo Withanage to acquire large cap assets with a focus in natural resources, infrastructure, real estate and media and telecommunications. Scepter’s global merchant banking activities are led by banking veteran Anthony J. Steains and his former Blackstone Advisory Partners Asia team. As a principal investor, Scepter is supported by the discretionary assets of its core stakeholders and a syndicate of investors who have combined resources to invest in off-market large cap transactions globally. For more information, please visit www.scepterpartners.com .
Scepter Partners is a principal investor that does not require authorization by the Financial Conduct Authority or the Securities and Exchange Commission or by any financial services regulatory body. Scepter does not have any products open for third party investors. Nothing in this announcement is intended to be, or should be construed as an invitation, offer or inducement to any person or entity to engage in any investment activity.
Joe Millsap, 1-212-885-0464
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
PIERRE-FABRE23.6.2018 13:02 | pressemeddelelse
Pierre Fabre & Array BioPharma Announce a 62% Observed OS at One Year from the Phase 3 BEACON CRC Safety Lead-In of the Combination of Encorafenib, Binimetinib and Cetuximab in BRAF-Mutant CRC at the ESMO GI Congress
SERVIER23.6.2018 10:12 | pressemeddelelse
Compelling Data for LONSURF® (trifluridine/tipiracil) in Metastatic Colorectal Cancer Presented at ESMO’s World Congress on Gastrointestinal Cancer by Servier and Taiho
SOFTOMOTIVE22.6.2018 17:15 | pressemeddelelse
Softomotive and Accelerate RPA Partner to Help Enterprises Achieve Faster Time to Value from RPA
TX-ASCEND-PERFORMANCE22.6.2018 16:02 | pressemeddelelse
Ascend Performance Materials Announces Price Increase for Intermediate Materials
DELTICOM-AG/MOTO-TYRES.C22.6.2018 15:43 | pressemeddelelse
Different Countries, Different Customs: Get Ready for the Motorbike Holidays with Moto-tyres.co.uk
BOEHRINGER-INGELHEIM22.6.2018 14:02 | pressemeddelelse
Boehringer Ingelheim bolsters biologics research and development with 230 million euro investment in new development center
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum