TVM Capital Healthcare, a healthcare-focused private equity firm part of TVM Capital, has expanded its Singapore healthcare investment practice by adding two members, while AMOS Group Limited, owned by private equity ShawKwei, has appointed Venkatraman Sheshashayee as its new acting chief executive officer.
TVM Capital Healthcare adds two members to SG team
TVM Capital Healthcare, a healthcare-focused private equity firm part of TVM Capital, has expanded its Singapore healthcare investment practice by adding two members — Raymond Rudianto as a partner, and Mervyn See as principal.
Rudianto and See have joined the Singapore-based investment team to support Dr. Helmut Schuehsler, CEO & chairman; Hoda Abou Jamra, founding partner; Chung Pit Lee, chief financial officer, and the regional team of senior healthcare advisors.
Rudianto and See bring extensive regional healthcare and financial services expertise to the growth capital provider.
These latest additions to the team come after TVM Capital Healthcare, which is headquartered in Singapore and Dubai, became a Registered Fund Management Company (RFMC) with the Monetary Authority of Singapore.
“Having worked on many healthcare deals throughout Southeast Asia, I’m looking forward to helping the region’s healthcare sector thrive. The firm’s focus on specialty healthcare companies with ambitious growth plans will positively impact the region’s ability to provide high-quality healthcare services to patients in need and provide investors with good returns. I look forward to playing an active part in that,” said Rudianto.
Raymond Rudianto joins TVM Capital Healthcare from PT Aldiracita Sekuritas, where he was CEO. He gained significant professional experience at Baring Private Equity Asia, where he led Indonesia and SEA Healthcare. Previously, he served as CEO, Indonesia, for Rothschild & Co and has also held positions at JP Morgan, and Morgan Stanley.
See, meanwhile, joins from Sumitomo Mitsui Banking Corporation. Previously, he was at IHH Healthcare, one of the largest hospital groups in Asia, an Indonesian family office with global operations, and an analyst at Quadria Capital, where he focused on private equity investments in early- to growth-stage healthcare companies.
ShawKwei-backed AMOS appoints acting CEO
AMOS Group Limited, owned by private equity ShawKwei, has appointed Venkatraman Sheshashayee as acting chief executive officer, with immediate effect.
Sheshashayee succeeds Dan Tan Song Boon, who has resigned as CEO and is leaving AMOS to pursue other opportunities.
In this role, Sheshashayee will lead AMOS’ strategy to ‘transform and grow’ by improving operational efficiency, driving modernization, and deepening customer touchpoints.
Previously, Sheshashayee’s roles included CEO & executive director of Miclyn Express Offshore, CEO & executive director of Jaya Holdings Limited and managing director of Greatship Global.
Established in 1974, AMOS currently operates production, logistics, and fulfillment centers across Asia, the Middle East, and Europe, including in Singapore where it has a leading fulfilment and solutions centre.
ShawKwei which invests in mid-market companies operating across Asia, closed its fourth pan-Asia fund at $812 million in 2018, a little over its $800 million target.
The fund had invested in Singapore oil and gas services firm Gaylin Holdings Ltd in a $100 million transaction that included debt restructuring. Gaylin Holdings acquired AMOS in 2018.