Sri Lanka's Hemas group to grow with acquisitions

Steven Enderby, who has spent 12 year in India and 5 in Sri Lanka working for Actis Capital, an emerging market fund has been hired as advisor to chief executive on mergers acquisitions and growth, the Hemas group said. The group has interests in fast moving consumer goods, hotels, hospitals and power generation. "The new appointment is in line with the company’s strategy to accelerate the pace of growth through M&A," the group said in a statement. "Steven will be leading the business development team of Hemas as the company looks to deepen its market leading presence in personal care and healthcare, and grow significantly in leisure, transportation, power and hospitals." Enderby who has been involved in several private equity deals in the region has served on the boards of Sri Lanka's John Keells Holdings, Lion Brewery and National Development Bank. He holds a BSc (Econ) Hons, in Economics and Accounting from Queens University, Belfast and is a Member of Chartered Institute of Management Accountants and a Masters in Development Studies from the University of Melbourne. .