AlteriQ Global (AlteriQ), a specialized Asia-Pacific private credit platform with its headquarters in Singapore, was acquired by 9Basil Group, an alternative investments company headquartered in Thailand.
According to a statement from 9Basil Group, the company will provide $50 million in capital as part of the deal to strengthen AlteriQ’s investment.
According to the statement, by incorporating AlteriQ’s specialized private credit strategies and broadening its array of capital solutions for businesses in the Asia Pacific, the acquisition greatly improves 9Basil Group’s capacity for investment.
Founded in 2020, AlteriQ offers customized debt financing options to small-to-midsized businesses throughout Asia Pacific.
In light of tighter regulatory requirements and unstable capital markets, the acquisition, according to the statement, solidifies 9Basil Group’s position in the private credit market at a favorable moment.
“Private credit represents an underserved yet compelling asset class that complements our Group,
“Integrating AlteriQ’s specialized capabilities enables us to better meet companies’ financing needs through expanded debt and equity offerings,” said Schwin Chiaravanont, co-founder of 9Basil Group.
It is reported that Schwin Chiaravanont and Kris Panijpan, co-founders of 9Basil Group, will be joining AlteriQ’s board of directors.
The statement also highlights the group’s dedication to promoting collaboration among top talent, citing the addition of AlteriQ’s Heng Zhi Yong, a seasoned expert in asset-backed and supply chain financing strategies in emerging markets, and Kenneth Tan, with a strong background in multi-jurisdictional investment banking and structuring, to the 9Basil team.
Their outstanding performance histories show that they can successfully negotiate challenging financial environments, which is in line with 9Basil’s mission to create win-win situations and unlock long-term value creation via analytical thought and prudent risk management.
Under the continued direction of Zhi Yong and Kenneth, AlteriQ will continue to grow after the acquisition.
This calculated move by 9Basil Group to support AlteriQ through its network and resources highlights both teams’ dedication to working together to find solutions.
AlteriQ and 9Basil Group have decided to work closely together on joint initiatives, with an emphasis on the group’s dedication to success through synergy.
