DL Holdings Group Limited has agreed agreed a deal with Hong Kong based hedge fund and asset management start-up company Atlas Multi-assets Capital Holdings Limited, to pay up top USD6.5 million to acquire about 38 per cent of the issued shares of Atlas Multi-assets.
The preliminary post-money valuation is USD 20 million.
Atlas is operated by a veteran team with experience in both global investment and private banking. The target firm is licensed by Hong Kong Securities and Futures Commission to engage in Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. Atlas specialises in fixed income and equities derivatives, equity long/short, convertible bonds arbitrage, quantitative and macro trading strategies as well as discretionary portfolio management. Since its establishment in June 2020, Atlas has attracted more than USD150 million in asset under management.