CommPRO Editorial Staff
Global Digital Assets (GDA Capital) has secured a $350 million dollar mandate from LehmanBush to co-advise on the firm’s acquisition of blockchain, financial technology, and decentralized finance companies by sourcing companies that align with commercial goals and that consolidate a synergistic ecosystem under a single entity that benefits from shared resources. GDA Capital has engaged with its partner Alpha Sigma Capital as co-advisor and co-sponsor on the investments and will be jointly engaged to execute on the mandate.
The $350 million private equity mandate was originated by LehmanBush, a China-based investment banking firm with international operations. The firm was founded by Mr. Edward Lehman and Mr. Neil Bush, both of whom have extensive experience navigating acquisitions at the multinational and middle-market levels. LehmanBush provides cross-border and domestic transaction advice to leading global corporations, high net worth individuals, Chinese state-owned enterprises, Chinese entrepreneurial start-ups, and emerging Chinese MNC’s.
“An institutional-investor backed injection of capital into the blockchain industry comes at an opportune time. It demonstrates a willingness for more traditional private equity firms to participate in digital assets and signals a larger wave of adoption,” said Michael Gord, co-founder and CEO of Global Digital Assets.
Enzo Villani commented, “Consolidation and mergers between traditional and blockchain-enabled financial organizations is already underway. The road to mass adoption is paved with the financial theory that decentralized finance and blockchain-based financial services need to be coupled with existing traditional financial organizations to accelerate the shift in global financial markets.
Source: Blockchain Wire