A Singapore-based wealth management company and DL Holdings Group Limited ith their subsidiaries, make up the which announced that DL Holdings has signed into an acquisition memorandum of understanding.
It is anticipated that a mix of cash and company shares will be used to pay the consideration for the Sale Shares. Based in Singapore, the Target Company also has operations in Dubai, United Arab Emirates. It is anticipated that the Target Company would be valued at a preliminary $50 million. With the aid of the acquisition, DL Holdings will be able to further its exploration of the Middle East market, broaden its presence in Southeast Asia, and strengthen its global asset management and investment ecosystem.
DL Holdings wants to become a well-known platform for financial services and asset management. With established offices in Shanghai, San Francisco, Singapore, and Japan, DL Holdings currently has an AUM of over US$3.5 billion. The target company’s AUM is roughly US$2.6 billion.
Its customer comprises a considerable number of high net worth individuals, and it has potential for future expansion in Singapore and the Middle East. The potential acquisition would strengthen the Group’s current advantageous position, complement its current operation and business structure, and foster synergies between the two parties in the areas of multi-family offices and international investments.
DL Holdings Group Chairman Andy Chen said, “DL has built a strong reputation in Hong Kong and the Asia Pacific region over the last ten years.” We are searching for exceptional partners as we accelerate the growth of our worldwide asset allocation following our entry into the Hong Kong Stock Connect. By combining the resources of the target firm and forging a stronger client network, it is anticipated that this acquisition will increase the Group’s influence in Singapore and broaden its business scope throughout Southeast Asia. Furthermore, the action will fortify the Group’s ability to expand westward into Europe and Africa and open up the Middle East market, with Dubai as its center.”
The Target Company was founded in 2008 and currently serves their 400 institutional and high net worth investors across Europe, the Middle East, India, Africa, and Switzerland. The wealth management firm has amassed a great deal of experience in offering a comprehensive variety of multi-family office services and solutions, and its management is aligned with DL Holdings’ goals and vision for global asset management and financial services.
Dubai serves as the entryway to both the Middle East and Africa, the economic and commercial hub of the region, and a crucial hub for the “One Belt One Road.” After this acquisition is finalized, DL Holdings Group’s multi-family office and worldwide wealth management reach will advance significantly.
The Group has its headquarters in Hong Kong and permanent offices in Shanghai, Singapore, San Francisco, and Japan. DL Holdings provides individualized worldwide family wealth management, private banking, and investment banking services with a dedication to aligning with the needs of its clients.
The Group’s AUM surpassed US$3.5 billion as of 2023, with DL Family Office managing about US$2.1 billion of that amount. In addition, the listed business is in possession of over 20 Hong Kong Limited Partnership Funds (LPF), a Cayman Islands SIBL fund license, and a Singapore RFMC fund license.
About DL Holdings Group Limited
DL Holdings Group is a one-stop financial services group headquartered in Hong Kong with offices in Shanghai, San Francisco, Singapore and Tokyo. Their core philosophy is to align their interests with the clients to provide tailored wealth management and investment banking solutions. DL Holdings’ assets under management is currently around 3.5 billion USD.
