A fully residential private research university in Sri Lanka offering 25+ degree programmes with approximately 3,000 students.

Established in 2015, the campus quickly grew to accumulate a student ​base of over 3,000, spread across five faculties (Engineering, IT, ​Technology, Business & Music).

Offering 25+ UGC recognized degree programmes, the campus is built ​on a strong academic team and superior infrastructure to provide ​students with a holistic university experience.

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In 2022, we facilitated a management buy-out of SLTC from Sri ​Lanka Telecom PLC.

The consortium of investors, organized and managed by Tempest, ​was led by Associated Electricals Corporation Limited. Tempest ​Two, the SPV created to facilitate the acquisition, also injected Rs. ​290 million in fresh equity into SLTC to support the growth plans of ​the campus.

Equity Injected

Rs.290

​Million

Inve​sted In

2022

We supported management in improving efficiencies, scaling up the business and providing oversight, checks and balances on behalf of the board and investors. Our work included:

  • Facilitating an organization restructure by introducing experienced personnel to key senior management positions including, Vice Chancellor, Chief Financial Officer and Chief Strategy Officer to strengthen academic & business operations
  • Collaborating with the Finance team to transform the budgeting process and closely track performance against the budget to minimize deviations and enhance overall financial stability
  • Advising and assisting management to right-size the business and optimize resource utilization in line with the company’s strategic objectives
  • Conducting monthly reviews of cashflow, debtors and borrowing levels to enhance working capital and cash management practices.
  • Closely tracking performance by providing detailed analysis and advice on monthly management accounts to enable timely decision making and corrective actions
  • Helped reconstruct a healthier balance sheet by advising and procuring the necessary equity infusions to support the company’s growth and operations.
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