Monday Dec 15, 2025
Monday Dec 15, 2025
Monday, 17 November 2025 11:25 - - {{hitsCtrl.values.hits}}
CAL Partners is pleased to announce its role as the exclusive transaction advisor to DFCC Bank PLC on the proposed acquisition of the wealth and retail banking business of Standard Chartered Bank Sri Lanka for a consideration of LKR 3.7 billion, subject to approval by the Central Bank of Sri Lanka. CAL Partners is the corporate finance advisory arm of Capital Alliance Holdings PLC, and this transaction marks another milestone in CAL Partners’ longstanding track record of M&A advisory for transactions of national significance.
Amidst a period in which several multinational financial institutions have streamlined operations and reallocated resources—particularly in frontier markets such as Sri Lanka—several local banks sought to acquire the retail banking businesses of Standard Chartered Bank and HSBC in Sri Lanka. CAL Partners is proud to have been the only investment bank in Sri Lanka to have advised an acquiring bank through to a definitive agreement during this transitionary period.
“We are proud to have advised on this landmark transaction, supporting DFCC Bank in a deal that underscores both its growth ambitions and the strength of Sri Lanka’s banking sector.” said Nishok Goonasekera, CEO of CAL Partners. “This acquisition reflects our commitment at CAL Partners to bridging local and global markets through strategic, high-impact advisory.”
The proposed acquisition represents a positive step forward for both DFCC Bank and Standard Chartered Bank, ensuring continuity for customers and employees while contributing to the strengthening of Sri Lanka’s domestic banking industry.
CAL Partners extends its congratulations to DFCC Bank and Standard Chartered Bank, and acknowledges the professionalism and collaboration of the DFCC senior management team, led by CEO Thimal Perera and Deputy CEO Shamindra Marcelline.
This transaction reflects CAL Partners’ depth of expertise in the financial services sector and reaffirms our commitment to advising on strategically significant, high-impact transactions that shape Sri Lanka’s financial services landscape.
About CAL
Capital Alliance (CAL) is a leading investment bank in Sri Lanka, offering a full spectrum of financial services including asset management, stockbroking, treasury, private wealth management, and investment banking. With over 25 years of experience and a commitment to innovation, CAL is your partner in financial freedom.
