Silk Road Finance has launched Mandalay Capital, a Myanmar-focused investment banking firm.
The new Myanmar-dedicated venture is to advise international clients and partners on their planned investments in Myanmar as well as build relationships with Myanmar institutions and companies and assist them with capital raising and strategic advisory.
Strategically located between China and India, Myanmar is currently undergoing historical transformation from the long-isolated state with its economy crippled by sanctions into the nation that could become one of the most prosperous in Asia with the successful process of democratisation and market reforms.
Earlier this month the US administration issued keenly-awaited approval for American companies to invest in Myanmar which would accelerate foreign investments into the country’s capital-starved economy.
Alisher Ali, founder and chairman of Silk Road Finance, says: "We are delighted to establish Mandalay Capital as the first Myanmar-focused pure play investment banking firm. Following our success in Mongolia and Central Asia, we are keen to pursue this unique opportunity to extend our pioneering frontier markets experience into Myanmar. We are confident that Mandalay Capital will be effective in helping Myanmar companies in raising capital in Asia as well as internationally. We also hope that our firm will make a positive contribution to the development of capital markets in Myanmar in years to come."
Mandalay Capital has published its first research report titled "Myanmar Outlook 2012: A New Dawn for the Golden Land". The firm is building a Yangon-based team with a focus on sourcing, structuring and closing Myanmar-related deals and investment projects. Mandalay Capital has won the mandate to raise capital for a debut Myanmar-dedicated venture capital and private equity fund.
Silk Road Finance (SRF) is an investment bank operating in Mongolia, Myanmar and other resource-rich frontier markets, offering merchant banking, investment banking and asset management services. Eurasia Capital, the company’s subsidiary in Mongolia, is an investment bank providing capital raising, cross border M&A advisory, sales and trading and research services to its local, regional and international clients.
