To increase its presence in VC, Bee Alternatives Management acquires JAFCO Asia
The equity holding company of Malaysia-based Bee Alternatives Limited (BAL), Bee Alternatives Management Ltd. (BAM), declared on Wednesday that it has finalized a deal to buy all of the shares in JAFCO Investment (Asia Pacific) Ltd. (JAFCO Asia) from JAFCO Group Co., Ltd. (JAFCO).
The acquisition is a strategic move to broaden BAM’s platform and investment capabilities in Asia, the company said in a statement.
BAM will either directly or indirectly own the shares of the General Partner and the Manager (as each is defined in the limited partnership agreement; henceforth referred to as the same) of the relevant funds after the acquisition is completed.
A venture capital firm called JAFCO Asia makes early- to growth stage investments in high-growth, technology-related businesses.
With an emphasis on fostering innovation and assisting entrepreneurs in the technology sector, JAFCO Asia has been a major force in the Asia Pacific area since its founding in the 1990s.
With its headquarters in Singapore and subsidiaries in China and Taiwan, the company offers strong regional coverage throughout China, India, Taiwan, and Southeast Asia.
This deal is different from BAL’s secondary investment activities and represents a significant turning point in BAM’s long-term development strategy.
In addition to enhancing BAL’s current investment strategies, BAM hopes to expand its presence in the area and open up new opportunities for value creation by purchasing a reputable platform with a solid operational base.
The group’s capacity to link the private equity and venture capital ecosystem in Asia will be strengthened and strengthened by this acquisition, opening up new avenues for expansion and cooperation.
The acquisition is a unique initiative, planned and run independently, with the goal of further diversifying the platform and increasing BAL’s presence in the Asia Pacific private equity market, even though the company still manages or advises funds centered on secondary investments worldwide.
Subject to regulatory approvals and the fulfillment of additional closing requirements, the acquisition is expected to close in 2025.
It is anticipated that BAL will become a fully owned subsidiary of BAM as part of a group reorganization.
