LR Global Lanka acquires 10% stake of Delmege

LR Global Partners, a frontier markets focused private equity and asset management company based in New York, with offices in Bangladesh, Vietnam, Singapore and Sri Lanka, acquired a 10 percent stake of Lewis Brown & Co. (Pvt) Ltd., which owns Delmege Forsyth & Co Ltd., through its investment vehicle, Strategic Investments (Pvt) Ltd. LR Global Lanka Asset Management Company is committed to sourcing fundamentally sound investments in support of the capital markets in Sri Lanka.

LR Global Lanka Asset Management Company Group Managing Director and CEO, Channa de Silva, has been appointed to the Board of Lewis Brown & Co. (Pvt) Ltd. Lewis Brown & Co. (Pvt) Ltd was recently acquired by Dhammika Perera and Vallibel One Ltd, Royal Ceramics Lanka PLC, Nimal Perera, Tharana Thoradeniya and A. M. Weerasinghe.