We want to bring to your notice and announce that our firm, Schwabcore is being transferred to the new owner SCM Management Olam owned by Olam Capital. The firm was co-owned by Peter Lee and Board Members . The change in the ownership would be effective from March 11 2020 (Date from which new Ownership will be effective).
We intend to notify you, through this up[date and email, that there will be few changes in the management and policies of the store. The main changes is that investments are fixed and will be realised at the end of the full term. We make certain you that we are going to sustain the reputation and standing that we have managed to build for over past few years of the firm’s existence, by assuring you that the are updated quarterly noted in your last investment report. We had to take the step of changing the ownership of the firm because it allows the group to benefit our company investors and the timing was right but we ensure you that SCM Group Olam will handle the company with skill and improve on the services we have provided for so many years.
You have have trusted us from the very beginning and also in all the odds, for which we are very thankful to you — expecting to seek the same shortly.
More updates will follow in the interim.
We have built a diverse global organisation with more than 320 employees including investment professionals, experts in specific disciplines in our Resources Group and a Special Advisors network of current and former senior executives. The Schwabcore Management team have committed over 820 million in capital to over 250 private equity/investment business. Our team combines complementary backgrounds in investment banking, consulting, technology, agribusiness, infrastructure, operations, capital markets, accounting and law. Working together to bring the optimal combination of value-add capabilities and experience to each investment.