CAPITAL SQUARE PARTNERS COMPLETES MERGER WITH BASIL TECHNOLOGY PARTNERS

 

KUALA LUMPUR, June 6 (Bernama) -- Capital Square Partners (CSP) announced the completion of merger with Basil Technology Partners (BTP) and would henceforth operate as CSP.

With this merger, CSP aims to consolidate its position as one of the largest cross-border, technology services dedicated private equity fund manager in Asia and will continue to augment its combined execution capability.

“Following the successful closing of CSP Fund II, approximately US$700 million fund, announced in January through a partnership between CSP and BTP, the teams had been working very closely over the past few months. (US$1=RM4.59)

“We will continue to focus on our core competence, and invest in the areas of technology and business services, emerging SaaS, AI, data analytics and digital sub-sectors,” said CSP Managing Partner Sanjay Chakrabarty in a statement.

Meanwhile, BTP Executive Chairman Rajeev Srivastava said: “The effortless manner with which the teams have collaborated to drive organic and inorganic growth of our existing portfolio, and are evaluating new investment opportunities led us to formally merge and operate as one team.”

With formal approval obtained from the Monetary Authority of Singapore, CSP and BTP completed all the formalities required to merge the two entities into CSP effective June 1 and continue as a Capital Markets Services licence holder and regulated fund manager.

-- BERNAMA