Singapore billionaire Lim hires LVMH private equity’s Teo: Report

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Singapore billionaire Peter Lim has poached Christina Teo, a managing director at private equity firm L Capital Asia, to run a new business unit, a Bloomberg report said, citing sources.

Teo had joined Peter Lim’s team this month as chief executive of capital, the report said, adding that her responsibilities include overseeing the billionaire’s overseas investments, as well as increasing the value of Lim’s portfolio companies.

L Capital Asia, the Singapore-based private equity fund sponsored by LVMH Louis Vuitton Moët Hennessy (LVMH).

Prior to joining L Capital Asia since 2012, Teo was a director at Deutsche Bank.

At L Capital Asia, she was overseeing the private equity firm’s investments in Southeast Asia, Australia and New Zealand.

The report also quotes Annie Chee, L Capital Asia’s human resources director as stating in an email that ‘Teo left L Capital Asia effective March 31 to pursue alternative career options”.

L Capital Asia is backed by LVMH Group and Groupe Arnault, the holding company controlled by LVMH’s CEO Bernard Arnault, as well as Malaysian infrastructure conglomerate YTL Corporation.

Peter Lim, who was ranked eight, among Singapore’s 50 richest people by Forbes in April 2015, with an estimated worth of $2 billion, is also known for his interest in football, having bid for clubs such as Liverpool FC in 2010, Rangers FC in Scotland, Middlesbrough FC in England, AC Milan in Italy, before taking over Spanish club Valencia CF in 2014 for Euro 420 million. His interest in motorsports has also seen him buy a significant stake in McLaren Automotive.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.