The Singapore Venture Capital and Private Equity Association (SVCA) commemorated its 24th Anniversary with awards recognizing venture capital (VC) and private equity (PE) firms who have made successful yet strategic investment deals and exits in the past year .
The awards ceremony was held in conjunction with the association’s gala dinner at the Shangri-La Hotel’s Tower Ballroom on the evening of Tuesday, 11 October 2016.
In recent years, Southeast Asia and especially Singapore witnessed a continued increase in startups within the consumer products and technology industries. Consequently, they have grown to be core investment geographies for many PEs and VCs, thus, creating a strong traction of investment sentiment in the region.
“Despite experiencing volatility in 2015 due to economic uncertainties, Singapore and the Southeast Asian region still showed the potential to be thriving and rapidly growing investment landscapes. It is only pertinent that we recognize PEs and VCs who were brave and fought through and took that chance to invest in their respective companies with the potential to expand internationally and more importantly, have a positive impact in the immediate region,” Dr. Jeffrey Chi, Chairman of SVCA.
He added, “That foresight and confidence our winners have portrayed in their investments will set an aspiring example to their peers not only in Singapore but also in the region – to eventually bolster growth and success of a potential regional industry and ecosystem revolving around PEs, VCs, and prospective companies.”
Despite the uncertain investment outlook that has persisted since 2015, these outstanding deals and exits are validations that the reputation of Singapore and Southeast as investment hotspots is unwavering. PE and VC firms should be bullish with their investments in the next two years.
The 2016 SVCA Awards saw the VC Deal of the Year go to Monk’s Hill Ventures with regards to their investee, Ninja Van Logistics. The firm creates a scaleable network of last-mile delivery services that provide timeless without comprising costs or efficiency, via the creation of a platform to match the availability of trucks and demand for transportation services It now serves more than 300 customers across Singapore, Malaysia and Indonesia.
The PE Deal of the Year went to Navis Capital Partners with regards to their investee B Medical Systems SaRL. The transaction involved the management buyout of a Luxembourg-based business specializing in transporting and storing vaccines with a clientele distributed across Asia, Africa and South America.
The PE Exit of the Year went to Swedish firm EQT Partners for the sale of their investee firm Classic Fine Foods to German retailer Metro AG. Classic Fine Foods originated as a loose amalgamation of 11 separate businesses that later became what is claimed to be the largest distributor of fine foods in Asia through a central management team with a focused strategy.