Logo of Phnom Penh Post newspaper Phnom Penh Post - Leopard gets claws around advisory firm

Leopard gets claws around advisory firm

Leopard gets claws around advisory firm

PRIVATE-EQUITY firm Leopard Capital Fund will invest US$1 million in a professional advisory firm that provides legal and tax advisory services to clients in Southeast Asia, the company announced yesterday.

Leopard Capital, parent company of Leopard Capital Fund, did not disclose the terms of the deal or name the advisory firm, saying the transaction was “very sensitive”.

A statement from the company said only that the advisory firm would use the proceeds “to fund its expansion into new markets and improve its [management information systems].”

Scott Lewis, managing partner at Leopard Capital, would not comment yesterday on how much the deal could mean for his company, but he did say it “meets our return threshold for a relatively low-risk investment”.

“We don’t see a lot of downside risk,” he said.

The growth of foreign direct investment in Southeast Asia has and will continue to create demand for tax and legal advisory services, Lewis said.

“If there’s going to be a lot of investment in these economies, then they’re going to benefit a lot from that,” he said, as the investing companies will have “an obvious need for legal advice”.

Lewis said the deal was an obvious strategic move for Leopard Capital given how much it was already using the advisory firm’s services. “We were paying them a lot of money,” he said, “and so the idea dawned on us that they might be doing a pretty good business.”

He also hoped the advisory firm would serve as a source of business referrals for his company, he said.

Leopard Capital has invested in numerous Cambodian businesses including Kingdom Breweries, Nautisco Seafood Manufacturing and ACLEDA Bank.

MOST VIEWED

  • School reopening to be postponed until November

    Minister of Education Hang Chuon Naron on Tuesday wrote to Prime Minister Hun Sen requesting a delay of school reopening across the Kingdom until November, when the new academic year begins. In his letter, Chuon Naron said the postponement is warranted to avoid the new

  • Foreigners in Kingdom must now register in FPCS system

    The Ministry of Interior’s General Department of Immigration (GDI) announced that it would not grant visa extensions to foreigners staying in Cambodia if their names are not listed on the Foreigners Present in Cambodia System (FPCS) by July 1. Foreign nationals can register in the

  • Covid-19 at ‘alarming rate’, health ministry says

    The Covid-19 risk level for individual transmission is at an “alarming rate” in the Kingdom and its probability is “not low”, warned Health Ministry spokesperson Or Vandine. “Cambodia’s coronavirus scenario is classified as being at an early stage of the pandemic because of ongoing

  • Mandatory quarantine for 30,000 workers begins

    Some of the roughly 30,000 workers from factories and enterprises across the Kingdom who went on leave during Khmer New Year began their government-imposed 14-day quarantine on Monday. Speaking at a press conference while visiting workers at the Phnom Penh Special Economic Zone on Monday, Ministry

  • Unemployed to get $40 per month

    The Ministry of Labour and Vocational Training has instructed enterprises, business owners and travel agencies in five provinces to prepare the proper forms for the suspension of employment contracts. This, it said, will make it easier for the ministry to transfer $40 a month to workers

  • Gov’t travel ban flouted

    While the majority of Cambodians have paid heed to Prime Minister Hun Sen’s order to stay put and not travel during the Khmer New Year – the holidays of which were also postponed – several hundred have left Phnom Penh nonetheless. They have allegedly breached provincial

  • G20 energy ministers struggle to finalise oil output cuts

    Top oil producers struggled to finalise production cuts during a virtual summit held by Group of 20 (G20) energy ministers on Friday, despite US President Donald Trump’s mediation efforts to end a standoff with Mexico. The final G20 communique appeared to gloss over simmering divisions

  • Kingdom revises travel restriction order

    The government on Friday eased the district and provincial border restrictions issued on Thursday. People are now allowed to cross districts within their provinces. Phnom Penh and Kandal province are to be treated as a single region where people are allowed to travel freely. In

  • Private schools struggling

    The Cambodian Higher Education Association has claimed that 113 private educational establishments are facing bankruptcy because of their inability to pay rent and staff salaries in light of nationwide school closures caused by the Covid-19 outbreak. It said the financial trouble started when the Ministry of

  • Khmer New Year holidays postponed

    In an effort to halt Covid-19 infections in the Kingdom, Prime Minister Hun Sen has postponed the Khmer New Year holidays scheduled from April 13 to 16. While the people will not have their usual break, nor will there be any public celebrations or gatherings at pagodas,