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Enderby was addressing the Annual Capital Market Awards Night and Forecast Dinner hosted by CFA Society Sri Lanka, at the Colombo Hilton.
"There are significant differences between types of transactions across these markets, from the penchant for leveraged buyouts for controlling stakes in the developed world, to the more traditional expansion deals for significant minority positions across markets in Asia".
"One of the most significant success factors for PE funds across all markets has been the timing of the establishment and resulting maturity of these funds".
"Private Equity presents an endorsement or a ‘quality guarantee' of the business for other stakeholders, while the introduction of a PE investor also helps the business extract better information from within the organization, as well as improves its decision making ethos by way of improved board dynamics".
Referring to the role of PE firms' value addition in a commercial sense, Enderby pointed out the PE firms’ ability to engage in ‘smell tests’ whereby corporate level scams resulting from poor governance can be detected.
"Positive
Showing his deep understanding on the most significant issues Sri Lanka is facing at present, Enderby gave the audience his vote on what should be the 'top three investments' for 2014.
"Number one, the need to invest in one’s own health is very important given the rampant growth of non-communicable diseases in Sri Lanka. Number two, the need to increase rates of reproduction given the rapidly diminishing younger generation in Sri Lanka-- making it the task for young couples to ‘get on with it'. Number three, going by the events of the last few days in the country, the need to invest in social harmony, without which, all the efforts to build a world class financial sector would be moot," he said.
President of CFA Sri Lanka Sheyantha Abeykoon said CFA Sri Lanka endeavours to promote global best practices in the country's financial market.
At the awards ceremony, Reshan Wediwardana won the gold for Best Equity Research Report, Dialog Axiata won the Best Investor Relations Award while CT Smith Stockbrokers was hailed as the Best Stockbroker Research Team.
By Sanath Nanayakkare
