The Council for Development of Cambodia (CDC). Heng Chivoan
Cambodia Investment Management Co Ltd (CIM) and Tanncam Investment Pte Ltd have become strategic shareholders, jointly acquiring 40% of OBOR Management (OBOR). The move aims to expand their arranger, investment advisory, mergers and acquisitions, and corporate finance services in the Kingdom.
The partnership between OBOR, CIM and Tanncam reflects a unified vision for the country’s financial future. It underscores their commitment to driving economic growth by offering strategic financial solutions to Cambodian businesses and creating investment opportunities for international investors, as stated in the companies’ joint announcement.
Christophe Forsinetti, chairman of OBOR, stated that the alliance with the other two entities marks a significant point in the company’s growth strategy.
“We are enthusiastic about the synergies and opportunities this partnership will introduce. It’s in line with our dedication to delivering premier corporate finance and consulting services to our clients,” he stated.
Anthony Galliano, group CEO of CIM, noted the company’s 14-year history in the country, providing various business services.
“In collaboration with Tanncam, we are resolute investors and fervent supporters of Cambodia. I firmly believe that the capital markets will play a critical role in the upcoming stage of Cambodia’s economic development and expansion,” he stated.
He emphasised the importance of foreign direct investment (FDI) in the economy, while also highlighting the role of financial markets as capital and liquidity providers to the government, businesses and entrepreneurs.
“I anticipate OBOR… playing a crucial role in enhancing visibility, confidence and investment flows into the developing capital markets,” he added.
According to the joint statement, over the past six years, OBOR has established itself as a prominent asset manager in the Kingdom, with a diverse investment portfolio. The company has actively managed and exited projects, achieving annual Internal Rates of Return (IRR) ranging from 15% to 100%.
OBOR is currently working towards establishing the first small and medium-sized enterprise (SME)-focused regulated fund in the country. The initiative aims to bridge the financing gap for SMEs in Cambodia while offering investment products to local investors, as per the statement.
