Pan-Asian boutique investment bank and wealth manager Aura Group, through it’s subsidiary, Aura Partners (Singapore) Pte. Ltd. (“Aura Partners”), is pleased to announce the acquisition of Abell Business Services Pte. Ltd. (“Abell”), a Singapore-based professional services firm established in 2009 that provides accounting and tax advisory services to small and medium enterprises (SMEs) in Singapore. Abell will operate and be rebranded as Aura Partners.
This acquisition will extend the reach and capabilities of Aura Group’s Australian Aura Partners business and increase its overall team to 12 professionals globally. Aura Partners’ Singapore team will continue to be led by Abell’s Managing Partner, Ms Florensia Leovanny Liong.
Ms Liong, Managing Director of Aura Partners, commented “We see a lot of synergies between Aura and Abell, where we can leverage off each other’s capabilities and expertise in business advisory services in the Asia Pacific region. We look forward to scale Aura Partners as we build our platform of products and services regionally.”
The partnership will also increase Aura Group’s services to its existing and potential clients in Singapore, as well as extend the reach of its wealth management and global corporate advisory expertise. It enables Aura Group to provide a more wholistic approach to managing clients’ wealth, including tax optimisation and cash management aspects of businesses by providing accounting, tax advisory and financing solutions within the Aura family.
“We are delighted to have Ms Liong and her team join the Aura family. With them onboard, we look forward to further expand our range of value-added services to our clients and portfolio companies. Aura continues to hunt for synergistic and accretive acquisitions in the accounting and wealth management sectors within the Asia Pacific region.”, said Mr Charles Wong, Head of Asia, Aura Group.
About Abell Business Services
Established since 2009 in Singapore, Abell is an accounting firm that provides small and medium enterprises (SMEs), start-ups and multi-national companies (MNCs) the following services: company formation, bookkeeping, accounting, tax filing, company secretarial and payroll. Abell offers prompt and reliable services to support its clients’ business operations and partner them in their growth strategy.
About Aura Group
Aura Group is a global financial services firm founded in 2009 and with offices in Sydney, Melbourne, Singapore and Bangkok. Aura Group specialises in corporate advisory, asset and wealth management, venture capital, private equity and principal investments.