Financial terms of the deal were undisclosed.
It is fully accredited by the Singapore Exchange (SGX) as an issue manager in relation to Initial Public Offerings (IPOs) and Reverse Takeovers (RTOs) on the Mainboard of the SGX, and other corporate advisory services.
With the acquisition, Partners Capital has been renamed as Crowe Horwath Capital Pte Ltd and will provide corporate finance advisory to listed companies on the SGX, as well as non-listed corporate and individual clients.
Clement Leow, Head of Corporate Finance said: “We think that Singapore being a global financial centre and a gateway to Asia, is an attractive location for IPOs as well as the listing of REITs. Supported by the Crowe Horwath network, we aim to identify companies and real estate assets that will benefit from being listed in Singapore.”
He adds, “As part of our future plans, we will explore applying to be a Catalist sponsor which will allow us to undertake IPOs on the SGX Catalist and be a continuing sponsor for Catalist-listed companies.”
Crowe Horwath Singapore currently offers fund administration, financial market audit, tax advisory, valuation and risk advisory services under its Financial Services Group and the addition of Crowe Horwath Capital will allow it to provide additional value-added services to its clients.
Tan Kuang Hui, CEO of Crowe Horwath Singapore said, “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.”