Sri Lanka private equity fund upbeat on MBOs, retailing

Nov 19, 2009 (LBO) – A new private equity fund targeting Sri Lanka will focus on supporting management buyouts, and is upbeat on opportunities in retailing, tourism and information technology as the island recovers from a 30-year war, officials said. Investors who enter the Leopard private equity fund will have to look up money for ten year. The fund will be registered in Cayman Islands.

“We are not looking at start-up companies but established private companies which are not listed,” Leopard Sri Lanka chairman, Ranjith Fernando said.

“We are looking at staying with the companies for 5 to 10 years.”

Leopard Sri Lanka will also launch an open-ended fund for listed equities, Leopard Sri Lanka Value Fund for investors who do not want to keep money for two years or more.

“It is not a fund to track the index or buy the blue chips, our strategy is to find overlooked companies which our colleagues will research and unlock their value,” says Clayton.

Leopard is hosting a conference where investors from the United States, Europe, Hong Kong, India and Bangladesh are due to attend.

Clayton says foreign investors have heard about the human rights and political aspects of Sri Lanka.
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“The conference will showcase Sri Lanka’s o

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