Spark Plus and Solas Fiduciary Services Enter into Strategic Investment

2018-06-07 09:00 2549

Spark Plus, a corporate access company, and Solas Fiduciary Services, provider of directorships, board support, and consultancy, agreed to taking a minority stake in each other.

SINGAPORE, June 7, 2018 /PRNewswire/ -- Spark Plus, Singapore based up-and-coming provider of independent corporate access to listed companies through non-deal roadshows, and Solas Fiduciary Services, a privately-owned company that provides fund managers access to directorships in all major fund jurisdictions, have agreed to taking a minority stake in each other.

Pictured from left: Martin O’Regan of Solas Fiduciary Services and Omar Taheri of Spark Plus
Pictured from left: Martin O’Regan of Solas Fiduciary Services and Omar Taheri of Spark Plus



This strategic alliance comes at a time when the Markets in Financial Instruments Directive II (MIFID II) regulation will have a significant impact in the operational, distribution and manufacturing processes of the global asset management industry in the long run. MIFID II is expected to affect assets managers based in Asia, as well as Asian brokerage firms, Asian businesses of European fund houses and asset classes such as equities to fixed income, exchange-traded funds (ETFs) and foreign exchange.

Spark Plus focuses on hosting non-deal roadshows for listed companies to meet investors such as fund managers who seek new investment ideas in the Asia Pacific region. Their target market is listed companies that want to roadshow in Singapore and Hong Kong, while also broadening their shareholder register of companies that have a very domestic shareholder base in Australia, New Zealand, Japan and Germany. Solas Fiduciary Services provides directorships, board support and consultancy with its management sitting on various boards of hedge funds, financial technology firms, private equity and real estate funds.     

"We are looking forward to working together with Spark Plus. The strategic alliance with their business allows us to continue growing our network of private equity, fintech, hedge funds and family offices that will require our directorship services," said Martin O'Regan, MD of Solas Fiduciary Services.

"We are very excited about investing in Solas Fiduciary Services. The experience and connectivity that Martin and his team bring us in the hedge funds and fund manager realm are priceless," said Omar Taheri, CEO of Spark Plus.

Spark Plus has an extensive database of hedge funds, family offices, mutual funds, private banks, and brokers. Solas Fiduciary Services has a wealth of experience in assisting clients with audit, fiduciary, fund administration and banking services to alternative investment vehicles.

About Spark Plus Pte. Ltd.:

Spark Plus provides listed companies that may not have the best coverage in the Asia-Pacific region corporate access and connectivity to investors by hosting non-deal roadshow luncheons and one-on-one meetings. Its extensive database comprises hedge funds, family offices, mutual funds, private banks, brokers, and high net worth individuals (HNIs). The company has hosted over 50 roadshows for listed companies, ranging from technology and healthcare to mining and consumer goods and services. Its current clients are from Australia, Japan, Germany, UK, New Zealand and Canada.

Media Contact:

Name: Omar Taheri
Phone: +65 8111 7634   
Company: Spark Plus Pte. Ltd.

About Solas Fiduciary Services Pte. Ltd.:

Solas was established with the purpose of providing a truly independent directorship service, based in Asia, with Mandarin speaking coverage and a global network. Its experience encompasses all aspects of audit, compliance, fiduciary, fund administration and banking services to hedge funds, fund of funds and other alternative investment vehicles, including fintech, private equity funds, infrastructure funds, property and real estate funds, discretionary and private funds.

In addition to board support, the company offers consultancy on service provider selection, fund structuring advice, document review, due diligence, regulatory analysis, ongoing governance support and advisory, M&A activity and guidance. With strong business networks across the Americas, Caribbean, Europe, MENA and Asia-Pacific regions, the team is highly experienced with Cayman and other offshore jurisdictions. With local resident directors, it is able to service Singapore domiciled vehicles together with those local mandarin speaking directors we can cater for the wider Mandarin speaking market.

Media Contact:

Name: Martin O'Regan
Phone: +65 9756 8007
Company: Solas Fiduciary Services Pte. Ltd.

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Source: Spark Plus Pte. Ltd.
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