Tempest Private Equity Firms Sri Lanka Private Equity Sri Lanka

Tempest: A Colombo Based PE Firm Specialising in Unique Opportunities

Tempest PE Partners is a private equity firm based in Sri Lanka that specializes in exploring unique investment opportunities in the Sri Lankan private equities space.

The firm has a flexible investment criteria and is dedicated to generating high core returns for its investors.

Tempest seeks a combination of criteria when screening potential investments, including the potential to generate superior equity returns relative to the risk taken.

In December 2019, Tempest closed its first private equity acquisition by successfully acquiring 75% of Cable Solutions Pvt Ltd (CSOL), a specialist cable manufacturing export company.

Sri Lanka’s largest cable manufacturer, ACL Cables PLC, took a lead role in the consortium by acquiring a strategic stake in the company.

The acquisition was a significant milestone for Tempest and demonstrated its ability to put together a consortium of investors to successfully acquire a stake in a Sri Lankan company.

Tempest PE Partners has also been involved in other notable transactions, including the management buyout of Sri Lanka Technological Campus (SLTC) in January 2022.

A consortium of investors managed by Tempest and led by Associated Electricals Corporation Limited partnered with SLTC’s management to acquire the company.

The acquisition was a significant milestone for the private equity firm and demonstrated its ability to identify unique investment opportunities in the Sri Lankan market.

Private Equity Firms Sri Lanka

Private Equity Sri Lanka

Tempest PE: A Private Equity Firm in Sri Lanka

Tempest PE Partners is a private equity firm in Sri Lanka that is dedicated to exploring unique investment opportunities in the Sri Lankan private equity space. The firm has a flexible investment criteria and is committed to generating superior equity returns relative to the risk taken on behalf of its investors.

Led by the Managing Director, the firm seeks a combination of investment criteria when screening potential investments. These include generating high core returns or having the potential to do so, operating in structural growth sectors, and having a strong track record of performance.

Tempest PE Partners has a strong due diligence process and invests in companies that have a strong management team, a clear growth strategy, and a proven track record of success. The firm’s portfolio companies are diverse and cover a range of industries, including technology, healthcare, and financial services.

In January 2022, a consortium of investors put together and managed by Tempest PE Partners, and led by Associated Electricals Corporation Limited, partnered a management buyout of SLT Campus (Pvt) Ltd which operates the Sri Lanka Technological Campus. In addition, the firm recently acquired a controlling stake in Cable Solutions for Rs. 710mn through a consortium led by ACL.

Tempest PE Partners is committed to providing its investors with the best investment opportunities in Sri Lanka’s financial market. The firm’s investment philosophy is to generate high returns for its investors while minimizing risk, and it has a proven track record of delivering on this promise.

Investments and Collaborations

Tempest PE Partners is a private equity firm in Sri Lanka that has invested in various sectors, including education, manufacturing, healthcare, and food and hospitality. The firm has also collaborated with several entities to enhance its investment portfolio.

Investment in Education and Technology

Tempest PE Partners has invested in Sri Lanka Technological Campus (SLTC), an education institute located in Padukka, Sri Lanka. SLTC offers undergraduate programs in collaboration with leading engineering universities and has a strong academic faculty. The firm has also collaborated with SLTC for research collaborations and academic governance. In addition, Tempest PE Partners has invested in City Campus, an education institute that offers higher education programs.

Investment in Manufacturing and Exports

Tempest PE Partners has invested in the manufacturing sector, particularly in cable solutions and harness solutions. The firm has collaborated with Associated Electricals Corporation Limited (AECL), a cable manufacturer, and ACL Cables PLC, a subsidiary of AECL. Tempest PE Partners has also invested in R&D capabilities to enhance product sourcing and exports.

Investment in Healthcare and Sustainability

Tempest PE Partners has invested in the healthcare sector to promote carbon neutrality. The firm has collaborated with Jetwing Group, Finco Holdings, Perera & Sons (P&S), Mansek Investments, and P&S Group to promote sustainability in the healthcare industry.

Investment in Food and Hospitality

Tempest PE Partners has invested in the food and hospitality sector to promote innovation and efficiency. The firm has collaborated with Hirdaramani Group, a leading apparel manufacturer, to enhance its food and hospitality portfolio. Tempest PE Partners has also invested in working capital management to improve EBITDA and net profit.

Tempest PE Partners has been advised by Asia Securities Advisors and NDB Investment Bank in its M&A process. The firm has also received legal advice from various legal advisors. The chairman of Tempest PE Partners is Rune Flinth, and the managing director is Pawan Tejwani.


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