The independent financial services group has entered a strategic alliance with North Ridge Partners, a technology investment bank located in Singapore, Australia and New Zealand.
Prime Partners Group, which focuses on asset management and corporate finance advisory in Asia, is taking a 32 percent stake in North Ridge Partners as part of an alliance to form a regional technology investment banking platform, the firm announced in a statement on Thursday.
The combined capability and reach across the Asia Pacific region of both partners will provide a complete investment banking offering for technology companies through capital raising, secondary placements, M&A, IPO and other capital market transactions, the statement said.
Mark Liew, CEO of Prime Partners Corporate Finance will join the North Ridge Partners board.
Deals Post-Covid-19
Prime Partners chairman Teo Ek Kor said the firm believes M&A and fund-raising activity in private markets in general, and with technology companies in particular, will increase significantly in the future. «We look forward to growing this ecosystem of key partners and strategic investments,» he said.
«The combination of local expertise and relationships, sector insights and tenacity are the ingredients for success in a hostile environment,» Roger Sharp, founder and chairman of North Ridge Partners said about doing deals in a Covid-19 world.
«We have been through crises and downturns like this before, and we know that the best client relationships are often those that are forged in difficult times,» Sharp said.
