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AIM-quoted CPE expands and diversifies via RTO
Feb 19, 2014

China Private Equity Investment Holdings Limited (CPE) has acquired a portfolio of minority interests in four Chinese companies from Elypsis Solutions Limited, under a reverse takeover supported by Crowe Clark Whitehill acting as reporting accountant. The portfolio comprises of companies involved in property development, Traditional Chinese Medicine, mining and wind power and, as such, provides a diverse and significantly larger asset base. The company also completed a fundraising of US$5.02 million and on readmission to AIM changed its name to Adamas Finance Asia Limited.

Crowe Clark Whitehill acted as reporting accountant to the transaction, with its capital markets team comprising Stephen Bullock, Chulanga Jayawardana and Leonor Lee.

Crowe Clark Whitehill partner Stephen Bullock said:

“We are very pleased to have supported CPE through the transaction as an important client of the firm. We very much look forward to working together closely in the future and to supporting the Group in achieving its ambitions and strategic objectives.”


John Croft, Non-Executive Chairman of Adamas Finance Asia Limited, said:

“I have worked with the capital markets team at Crowe Clark Whitehill on a number of transactions and they continue to deliver efficient and proactive support throughout the process.”