<article>Singapore-based Dymon Asia Private Equity (DAPE) has invested an undisclosed amount in Khazanah National-backed Malaysian dairy firm, The Holstein Milk Company Sdn Bhd (THMC).</article>

Singapore-based Dymon Asia Private Equity (DAPE) has invested an undisclosed amount in Khazanah National-backed Malaysian dairy firm, The Holstein Milk Company Sdn Bhd (THMC).
The investment was conducted through the holding companies of THMC, Rainforest Capital Sdn Bhd and Farmchoice Foods Sdn Bhd.
According to an official statement, THMC plans to use the proceeds to expand its capacity, launch new products and strengthen its expansion into Australia.
THMC was founded in 2007 by Lui Tuan Ee, who noticed that Malaysian dairy brands were frequently selling reconstituted and powdered milk instead of fresh milk. Lui began by purchasing a small plot of land in Johor, importing 60 Holstein Jersey cows from Australia. Today, THMC has over 5,000 cows in Malaysia and Australia.
Apart from managing dairy farms in Australia and Malaysia, THMC also produces fresh and flavoured milk, yoghurt under the &#8216;Farm Fresh&#8217; and &#8216;Yarra&#8217; brands.
Loi Tuan Ee, managing director of THMC, said, “The investment will help fund our next phase of growth and help us achieve our vision of bringing nutritious dairy products to Malaysia, Singapore and beyond.”
Tan Chow Yin, Partner at Dymon Asia Private Equity said, “Farm Fresh is a brand that Malaysians and increasingly Singaporeans too, have grown to know and love over the years, and is a market leader in fresh dairy milk in Malaysia. We have watched the brand grow from a few SKUs to more than 50 today. We hope to also assist Tuan Ee and his team to grow beyond Malaysia.”
<a href="https://www.dealstreetasia.com/stories/dymon-southeast-asia-pe-fund-97176/">DAPE recently closed its heavily-subscribed $450 million Southeast Asian fund</a> in May. The fund targets small to medium-sized companies earning $5 million to $30 million a year.
In the same month, <a href="https://www.dealstreetasia.com/stories/dymon-asia-pe-sembcorp-unit-98058/">DAPE announced that it was partnering SGX-listed TEE International to acquire Sembcorp Environment for $14.9 million</a>, its first transaction from the fund.

Singapore-based Dymon Asia Private Equity (DAPE) has invested an undisclosed amount in Khazanah National-backed Malaysian dairy firm, The Holstein Milk Company Sdn Bhd.

Dymon Asia invests in Malaysia's The Holstein Milk Company

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Dymon Asia invests in Malaysia's The Holstein Milk Company

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