Southeast Asia private equity sees more than US$7.8bn invested, SVCA celebrates the industry’s achievements

October 12, 2017

VCs and PEs have demonstrated astuteness and confidence in companies that have growth potential in Singapore and Southeast Asia

Singapore, October 12, 2017 – The Singapore Venture Capital and Private Equity Association commemorated its 25th Anniversary with awards recognizing Venture Capital and Private Equity firms who have made successful and significant investment deals and exits in 2016. The eighth SVCA Annual Awards was held in conjunction with the association’s gala dinner at the Shangri-La Hotel’s Tower Ballroom. In the spirit of thanksgiving, a charity auction was also held featuring original artworks by talented students and alumni from the Pathlight School.  All proceeds from the auction went to the Autism Resource Centre (Singapore), the parent charity of Pathlight School.

For the past few years, Southeast Asia has seen an uptrend in startups focusing on technology or delivering value to consumers. Their growth has led to them being attractive investment opportunities for both PE and VC alike, creating a strong investment environment in the region.

For the first 8 months of 2017, private equity in Southeast Asia has seen more than US$7.8bn in investments made by VC, PE, and strategic investors. This figure has already surpassed investments into Southeast Asia for the whole of 2016. Amid volatile economic conditions of the past few years, phenomenal transaction activity this year proves that Southeast Asia remains an attractive destination for venture capital and private equity investment. The SVCA awards recognize investors who have added material value to their portfolio companies to actively contribute towards their success.” Dr Thomas Lanyi, Chairman of SVCA.

The 2017 SVCA Award winners are: 

PE Deal of the Year – Northstar Advisors | Investee: Innovalues Limited

The award goes to Northstar Advisors for its investment in Innovalues Limited, a Singapore-headquartered manufacturer of high precision machined metal components with a strong focus on the automotive industry. Northstar’s strong understanding of the sector, demonstrable value-add and close rapport with management distinguished it from the other nominees.

PE Exit of the Year – Dymon Asia Private Equity | Investee: Asia Integrated Facility Solutions Pte. Ltd. (Parent Company of UEMS)

Asia Integrated Facility Solutions, parent company of UEMS, is a market-leading facilities management company in Singapore, Malaysia, and Taiwan. Its revolutionary KPI-based approach towards facility management has enabled it to stay ahead of competition. Dymon Asia Private Equity’s emphasis on the demanding healthcare sector, focusing management’s efforts and heavy investment into the UETrack technology system (an in-house developed real-time tracking system) has resulted in dramatic returns in less than three years.

VC Deal of the Year – Jungle Ventures | Investee: iFlix Limited

iFlix is the leading subscription-based video-on-demand platform for the emerging markets across Southeast Asia, South Asia, Middle East, and Africa. With highly local content delivered mainly through mobile devices, iFlix presently serves a user base of more than 5 million people in 20 plus countries, helping to combat DVD piracy through availability of highly affordable content. iFlix’s rapid growth and scalability, distinguished it from its peers. Jungle Ventures has been involved from initial business planning stage providing guidance and continues to support the company even as iFlix has since attracted more than US$200m in investment from strategic investors.

VC Exit of the Year – Cento Ventures (previously known as Digital Media Partners) | Investee: 2C2P Pte. Ltd.

2C2P provides multi-channel payment platforms and payment solutions that support both enterprise grade payment card processing (credit/debit cards) as well as payment through retail point-of-presence enabling the vast majority of the non-card owning population in emerging countries in Southeast Asia to shop online. 2C2P currently processes more than US$5bn in annual payments. Beginning as the sole Series A investor, Cento has since expanded the team, helped in follow-on fundraising, business development, set up systems for corporate governance and exited its stake through strategic partners at significant multiples of its original investment. 

Most Impactful Non-Profit/Social Enterprise Award - CMIA Capital Partners | Investee: Well Bright International Holdings Ltd.

Well Bright International Holdings is China’s leading integrated meat-processing business, from upstream Wagyu cattle farming, mid-stream slaughtering and processing to downstream distribution and sales. Well Bright currently operates China’s only licensed purebreed Wagyu cattle farm producing “Longjiang Wagyu”.  Well Bright works with local government and farmers in cattle breeding and farming, targeting 2 million rural farmers living under the poverty line in the Heilongjiang province of China. Well Bright’s business aims to make a positive impact on poverty reduction, job creation and gender equality and improve food safety in China.

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About Singapore Venture Capital and Private Equity (“SVCA”) 

The Singapore Venture Capital & Private Equity Association (SVCA) was formed in 1992 to promote the development of the venture capital (VC) and private equity (PE) industry.

The thrust of SVCA’s activities are:

Promote the professional development of the industry through awards, training, workshops and conferences; facilitate interaction and collaboration among its members through regular networking events, act as a platform for dialogue on regulatory and policy issues pertaining to VC and PE and build linkages to centres of VC and PE activities in the region through active participation at regional and global initiatives.

Please direct enquiries to the Singapore Venture Capital and Private Equity Association:

Mr. Dominic Tan

Research & Communications Executive

Tel: +65 6224 7001

Email: research@svca.org.sg