Thakral : Joint Press Release - W Capital Markets Pte Ltd raises Series A round at Post-Money Valuation of S$21 million from Thakral Corporation Ltd
Summary
Please refer to attached Joint Press Release - W Capital Markets Pte Ltd raises Series A round at Post- Money Valuation of S$21 million from Thakral Corporation Ltd.Description (Please provide a detailed description of the event in the box below)W Capital Markets Pte Ltd raises Series A round at PostMoney Valuation of S$21 million from Thakral Corporation LtdW Capital Markets Pte Ltd ("W Capital Markets" or the "Company"), a dynamic corporate finance firm with a Capital Markets Services licence as an accredited Mainboard IPO issue manager and an authorised Catalist Full Sponsor by the Singapore Exchange ("SGXST") has completed its Series A fundraising round by Thakral Corporation Ltd ("Thakral") (listed on the Mainboard of SGXST) for 5% stake in the firm on 4th May 2021.The Company founded in July 2018 by veteran M&A investment banker, Mr Wayne Lee, has completed 15 notable capital market transactions since its inception.Helmed by a team of reputable & highly experienced M&A and IPO investment bankers, W Capital Markets Board of Directors includes Mr Wayne Lee, Mr Sin Boon Ann, Mr Tan Wang Cheow and representatives from the Nanshan Group (a Chinese conglomerate which is ranked among the top 200 enterprises in China), namely Mdm Chen Aijun and Mr Sui Xinpeng.The vision of W Capital Markets is to be an international financial group with presence in key financial centres and be recognized as a premier corporate finance powerhouse in the Asia Pacific region. The extensive network, experience and resources of Thakral will definitely create positive synergies that will help spur our growth. With our exciting expansion plans in the pipeline, this strategic investment will enable us to scale new heights as one of the top corporate finance firms in Singapore." said Mr Wayne Lee, founding Chairman and CEO of W Capital Markets.Thakrals Group CEO and Executive Director, Mr Inderbethal Singh Thakral said: "We are confident that W Capital Markets with its experienced team and a substantial deal flow in hand will deliver strong returns in the longterm. It provides a full suite of bespoke investment banking services, including M&As, IPOs, PreIPO & Secondary Fund Raising, Continuing Sponsorship and Financial Advisory with a focus on midcap companies (S$50 million to S$1 billion enterprise value) in the Asia Pacific region.For more information about W Capital Markets, visit www.wcapitalmarkets.com.sg.