SEAVI Advent Private Equity (South East Asia Venture Investment) is the first

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

and

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm in

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

. Since its founding in 1984 by

Peter Brooke Peter Brooke may refer to: *Peter Brooke, Baron Brooke of Sutton Mandeville (1934–2023), British politician * Peter Brooke (17th-century MP) (1602–1685), English politician See also *Peter Brook Peter Stephen Paul Brook (21 March 1925 � ...

, the firm has invested over US$800 million into more than 120 Asian companies. SEAVI Advent operates from three offices and is the Asia affiliate of

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

, with an established long-term strategic partnership with Advent International in the

Greater China Greater China is an informal geographical area that shares commercial and cultural ties with the Han Chinese people. The notion of "Greater China" refers to the area that usually encompasses Mainland China, Hong Kong, Macau, and Taiwan in East ...

region. Since 1996, SEAVI Advent has a strong presence and substantial investments in Greater China. Previous projects in China include investments such as Yangzijiang Shipbuilding, Sinofriends (also known as ZhenAi Wang) an
Weimob

History

Formed by Advent International, Orange Nassau,

International Finance Corporation The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member o ...

and

DBS Bank DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The De ...

in 1984, SEAVI Advent was founded by Peter Brooke, who has previously also founded

TA Associates TA Associates, founded in 1968, is one of the early modern-era private equity firms in the United States. The firm leads buyouts and minority recapitalizations of profitable growth companies. TA invests across five industry groups: technology, he ...

and Advent International. Since then, SEAVI Advent is managed by Tan Keng Boon and Derrick Lee, its two founding managing partners. First established in Singapore, SEAVI Advent has expanded in Asia, with offices in Singapore, Hong Kong and Shanghai.

Investments

As of 2020, SEAVI Advent has taken more than 41 portfolio companies public on seven Asian stock exchanges, including Singapore,

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

, Indonesia and Shenzhen, as well as the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

. Previous investments include significant minority equity investments, minority or majority recapitalizations,

mezzanine financing In finance, mezzanine capital is any subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt (typic ...

, leveraged transaction and management buyouts. The company invests in a large range of sectors, including but not limited to business services, retail, technology, healthcare, consumer and logistics. In 1984, SEAVI Advent raised its first fund, focusing on venture capital and technology transfer in Singapore and Malaysia. Since then, SEAVI Advent is managing its sixth fund, focusing on growth stage investments and pre-IPO and middle market buyouts in China, Hong Kong, Singapore, Indonesia and other South East Asian markets. According to Preqin, SEAVI Advent Equity IV, SEAVI Advent's fourth fund is ranked fourth in the top-performing ASEAN-based private equity funds of all vintages, with a net IRR of 29.9%. SEAVI Advent was one of the investors that teamed-up with

Li & Fung Ltd Li & Fung Limited is a Bermuda-incorporated, Hong Kong-based supply chain manager. In 2020, it was reportedly struggling to turn its century-old business around for years. On 13 February 2017, it was removed from the blue chip index: Hang Seng ...

, one of Asia’s most successful trading and logistics companies, through Li & Fung (Distribution) Ltd. SEAVI Advent completed a complex transaction involving the purchase of the Asia Pacific marketing, distributing and warehouse businesses of

Inchcape Plc Inchcape plc is a British multinational automotive distribution, retail and services company headquartered in London. An outgrowth of Calcutta-based Mackinnon Mackenzie Company, Inchcape has operations in 32 countries across Asia, Australia, ...

for US$220 million. In 2006, SEAVI Advent led the restructuring of Yangzijiang Shipbuilding, one of China's largest privately owned shipbuilders, and successfully listed the company on the

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

. This project is one of the largest IPOs by a foreign company in Singapore. In 2018, SEAVI Advent invested US$25 million in Chinese software developer and social advertising service provider Weimob, and listed the company on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

. SEAVI Advent focuses on investing in later-stage growth companies in more high-tech and service-related businesses.

References

External links

Official website
{{private equity firms Financial services companies of China Private equity firms of Asia-Pacific