“Capital market and M&A activities had been subdued in the last three years because of high interest rates. I’m very optimistic more M&A transactions will be completed this year. The valuation gaps between investors and promoters of business will be narrowed significantly this year,” says Lee in an interview with The Edge Singapore.
Corporate finance firm W Capital Markets has raised a new round of funds that brings its valuation to $42 million. At its last fund raising back in May 2021, the firm’s valuation was $21 million. Investors in the current round included institutions, notable businessmen in their personal capacities, and a multibillion single family office.
Wayne Lee, executive chairman of W Capital, says the new funding will help boost expansion plans, including the acquisition of other firms to gain access to clients and helping companies get a public listing.
