Riverstone Capital

What Riverstone Capital does

Riverstone Capital Limited is a Bangladesh-licensed merchant bank headquartered in Banani, Dhaka, operating under a license from the Bangladesh Securities and Exchange Commission (BSEC) since February 2015. The firm provides six interconnected financial advisory and capital markets services: Capital Solutions (debt and equity capital markets, loan syndications, IPOs and follow-ons), M&A Advisory (buy-side and sell-side mandates, valuations and fairness opinions), Trade Finance & Forfaiting (working capital loans, discounting, structured USD transactions), Project Finance & Advisory (capital structuring for large public, private, and PPP projects with ECA and multilateral agency backing), Strategic Advisory (restructuring, distressed M&A, debt-equity structuring), and Investment & Portfolio Management (bespoke portfolios for institutional investors including pension plans and provident funds). The underlying delivery model is relationship-driven advisory executed by a small team of senior bankers, with no proprietary technology platform disclosed.

The firm serves financial institutions, local corporates across power and energy, pharmaceuticals, agribusiness, manufacturing, conglomerates, and technology, public sector enterprises (e.g., APSCL, BIFPCL), and institutional investors seeking Bangladesh exposure. Riverstone's revenue model is professional services-based: deal-specific advisory fees on capital markets transactions, M&A mandates, project finance arrangements, and trade finance facilitation, with portfolio management as a managed-services stream. The firm's competitive positioning rests on decades-built relationships with all major ECAs, MLAs, DFIs, and local banks, a leadership team with combined experience exceeding 50 years and prior tenures at HSBC, JPMorgan, Credit Suisse, Standard Chartered, and ANZ, and a cumulative transaction track record of more than USD 2 Billion originated and executed. Customer concentration spans 14+ named engagements, with power and energy overrepresented and several repeat clients including Renaissance Group and EnergyPac.

Name

Riverstone Capital

Legal name

Riverstone Capital Limited

Website

https://riverstone.com.bd

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Riverstone Capital Limited is a Bangladesh-licensed merchant bank headquartered in Dhaka, providing capital raising, M&A advisory, project finance, trade finance, strategic advisory, and portfolio management services to local corporates, financial institutions, public sector enterprises, and institutional investors.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Loan Brokers (6163), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Merchant banking services
• Mergers and acquisitions advisory
• Capital markets advisory
• Project finance advisory
• Trade finance services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Capital Markets Advisory Fees: Revenue generated from acting as arranger and financial advisor for debt and equity capital markets transactions, including IPOs, follow-ons, and private equity solutions. Fees are earned on successful transaction completion.
2. M&A Advisory Fees: Fees from providing buy-side and sell-side advisory services, including valuation and fairness opinions for mergers, acquisitions, and divestitures.
3. Project Finance Advisory Fees: Revenue from advising on capital structuring and raising for large public, private, or PPP projects. This includes arrangements with export credit agencies and multilateral agencies.
4. Trade Finance Solutions: Fees from facilitating import/export activities and providing trade finance solutions including working capital loans, forfaiting, discounting, and structured USD-denominated transactions.
5. Portfolio Management Services: In-depth research and bespoke portfolio management services for institutional investors including pension plans and provident funds, along with financing solutions for acquisition of securities.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Riverstone Capital is a BSEC-licensed merchant bank that provides investment banking and financial advisory services to financial institutions, local corporates, public sector enterprises, and institutional investors. Its core offerings span debt and equity capital markets, loan syndications, IPOs, project finance structuring with ECA/MLA backing, trade finance and forfaiting, M&A advisory, strategic/restructuring advisory, and bespoke portfolio management. Revenue is earned primarily through transaction-based advisory and arrangement fees.

Product overview

Riverstone Capital is a licensed merchant bank operating under Bangladesh Securities and Exchange Commission (BSEC) license, offering a unified platform of financial advisory and capital markets services. The firm provides six interconnected core services: Capital Solutions (debt and equity capital markets access), Project Finance & Advisory (complex project financing), Trade Finance & Forfaiting (import/export financing), Strategic Advisory (corporate restructuring), M&A Advisory (buy-side and sell-side transactions), and Investment & Portfolio Management (institutional portfolio management). These services are designed to work together, enabling the firm to serve as an end-to-end solution provider for borrowers, lenders, and investors seeking financing and advisory across Bangladesh's rapidly expanding economy.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital Solutions

Quantifiable outcome

• USD 2 Billion+ in transactions originated and executed
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• IPDC Finance Limited: Bangladesh-based non-bank financial institution providing corporate advisory, capital markets, and project finance services. Deputy CEO Aziz Mallick previously worked at IPDC, and the firm is a direct local competitor in Bangladesh's merchant banking space.
• LankaBangla Finance Limited: Bangladesh merchant bank and non-bank financial institution offering corporate advisory, capital markets, and investment banking services. Overlapping product set (capital solutions, M&A, project finance) makes it a direct local peer.
• IDLC Finance Limited: Bangladesh's largest non-bank financial institution and merchant bank offering capital markets, advisory, and project finance services. Directly comparable to Riverstone as a local merchant bank providing corporate advisory, capital raising, and portfolio management across Bangladesh.
• EBL Investments Limited: Bangladesh-based merchant banking arm of Eastern Bank Limited offering capital markets advisory, issue management, and corporate finance services. Direct domestic peer competing for similar advisory mandates.
• City Bank Capital Resources Limited: Merchant banking subsidiary of City Bank in Bangladesh providing capital markets advisory, issue management, and corporate finance services. Local competitor with similar product offerings in Bangladesh.
• Prime Finance Limited: Bangladesh merchant bank providing corporate finance, capital markets, and advisory services. Local competitor with similar product mix targeting corporate clients for debt and equity capital raising.

Regional players

• Avendus Capital: India-headquartered investment bank providing M&A advisory, capital markets, and structured finance services across South Asia. Comparable as a regional advisory firm operating in an emerging market; represents potential regional expansion reference for Riverstone.

Broad incumbents

• HSBC Bangladesh: Global universal bank with major Bangladesh presence where Riverstone's CEO and senior advisor previously held senior leadership roles. Competes on larger M&A, capital markets, and project finance mandates with broader balance-sheet capabilities.
• Rothschild & Co: Global independent advisory firm specializing in M&A, restructuring, and strategic advisory. While not Bangladesh-focused, it represents the type of high-end advisory firm Riverstone's leadership aspires to compete with on cross-border mandates.
• Standard Chartered Bangladesh: Global bank with established Bangladesh operations where Riverstone's CEO and Deputy CEO previously worked. Provides corporate finance, transaction banking, and capital markets services overlapping with Riverstone's offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/RIVERSTONE_CL
• Facebookfacebook.com/riverstonecapitallimited
• LinkedInlinkedin.com/company/riverstone-capital-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riverstone Capital