The Swiss-listed Youngtimers AG has announced a significant step in its Asia Pacific (APAC) expansion with the signing of a non-binding term sheet for the acquisition of the Australian-based Richmond Funds Management (RFM), which will be rebranded as C Capital Australia upon completion of the transaction. This comes after the company successfully acquired C Capital in November 2024.
The term sheet has been signed with Senry Holdings Pty Ltd, the sole proprietor of RFM, an asset management firm known for its solid presence in the Australian and Singaporean markets, Youngtimers said in a statement on Sunday.
The assets under management (AUM) of RFM’s current portfolio, which consists of real estate, renewable energy projects, private equity, and private credit, exceed $200 million.
Due diligence and the final terms between Senry Holdings and Youngtimers AG are prerequisites for the acquisition.
“The potential acquisition of Richmond Funds Management is a key step in solidifying Youngtimers AG’s development to be an APAC-focused asset manager,
“With Australia as a strategic entry point, this move strengthens our regional presence and unlocks exciting investment opportunities for our current and future investors,” Ben Cheng, Chief Executive Officer of Youngtimers AG.
He stated that the company will carry out due diligence and aims to close the deal as soon as possible.
According to RFM Co-Founder Henry Lee, the agreement with Youngtimers AG gives the company’s staff significant international exposure and speeds up its global expansion.
“We believe our skills, experience, and track record will positively impact Youngtimers AG and be beneficial to its shareholders,” he added.
Seil Kim, Co-Founder of RFM, also said the firm is excited about the opportunity to align with Youngtimers AG and explore new avenues for growth and collaboration.
“This transaction represents a significant step in expanding our presence and leveraging global synergies,” he added.
The closing date of the transaction is set for June 30, 2025, at the latest.
The business will give more details when the time is right.
Youngtimers has its headquarters in Basel and is listed in Switzerland.
Youngtimers is now a global asset management company with an APAC focus, operating under the name C Capital after acquiring it.
This development is a major step toward broadening Youngtimers’ global reach and investment expertise.
Over $800 million in assets are managed by the multinational asset management firm C Capital.
