PE firm BDA Capital Partners looking for deals of up to $20m in Vietnam

Photo: Peter Nguyen/Unsplash

BDA Capital Partners is looking for investment opportunities in Vietnam and is willing to write cheques of up to $20 million per transaction, its founder said at the Asia PE-VC Summit 2020 on Wednesday.

The Singapore-based PE firm was established by Bert Kwan, a former managing director at Northstar Group, in partnership with BDA Partners earlier this year.

BDA Capital Partners sees that Vietnam has entrepreneurs who need capital but don’t get it from traditional sources. “We are indeed very focused on Vietnam and at BDA Capital, we’re really in the business of backing entrepreneurs who need capital to grow their businesses,” Kwan said at the panel ‘Vietnam: What makes it tick?’.

BDA Capital Partners will look for deals as small as $2 million up to $20 million. It is now working with a network of investors to look for investment opportunities in Vietnam in a wide variety of sectors.

“The opportunity right now for us is quite compelling because of the scarcity of capital relative to the opportunity. We are now spending most of our time in Vietnam because we feel that the risk-adjusted opportunity set is more attractive in Vietnam on a relative basis than in some of the other countries,” said Kwan.

In terms of investment sectors, he said that the starting point when looking at a potential investment opportunity is with the entrepreneur. The pipeline, as it were, is skewed toward technology-enabled businesses.

BDA Capital Partners will also be happy to work with other investors for an aggregate investment that may be larger than $20 million and will be flexible in approaching such an opportunity.

BDA Capital Partners aims to provide equity capital solutions to entrepreneurs and growth companies, initially in Vietnam.

After joining Northstar in 2017, Kwan had led a number of deals in Vietnam for the PE firm, including an investment in e-commerce major Tiki in 2019, office space solutions provider UPGen in 2018 and online education company Topica Edtech in 2018.

Prior to joining Northstar, Kwan was the head of Southeast Asia for Standard Chartered Private Equity (now known as Affirma Capital following a management buyout in 2019), where he spearheaded SCPE’s entry into Vietnam with investments in Golden Gate Group, NKid, Momo, and Loc Troi Group.

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.