Write to [email protected] or WA +65 8118 8840 if you’d like more info on the following:
SG Secondaries Fund
- PE managers cannot exit portcos
- Quality assets stranded
- Secondary distributions begins in 1-3yrs vs 5-7 for primaries
- AI operating uplift targets 15-45% cost reductions across portcos
- Every target validated with sector strategic before underwriting
- Cayman Structure
- Founder is ex-Merrill Lynch, Scarsdale Equities, Schroders Capital Asia, Symphony Asia, CSP (Singapore’s largest tech secondaries platform), Yale, Oxford and Berkeley
Korea’s Largest Hydrogen Fueling Station Network
- Fund structure to acquire Nasdaq-listed Plug Power stake (at discount) within JV w/ SK Innovation and Hyundai, and to acquire more newly issued shares where KRW 50B (~USD 33M) required for 49% equity in Korea’s largest hydrogen bus charging network
- LH2 offtake margin secured via SK Innovation (Korea’s leading LNG/city gas operator) long term supply agreement
- Central/local govt policy support (govt roadmap targets 2.9M hydrogen vehicles and 1200 hydrogen fueling stations by 2040) where > 50% of CAPEX funded by non-repayable govt subsidies
- Sylvan/PE fund KRW 50B (~USD 33M) investment secures 49% of project equity, where total project assets > KRW 400B (~USD 262M)
- Targeting IRR of 35.2% w/ 4.5x MOIC over 5.5 yr period, w/ exit via IPO, M&A or Drag-along Right (for downside protection)
Direct Deals
Demand
1) N Asian brokerage/crypto exchange/payments group looking to buy MFOs, EAMs, brokerages, payment companies in SG or other SE Asia countries where it’s not present
2) Global crypto exchange group looking to buy crypto bank
3) Digital wealth management group looking to buy Equity/FX/CFD/futures brokerage or crypto business with retail investor customer base in HK, SG, Australia, where the target AUM would be USD 10-20B (and target valuation would be 1% of AUM).
4) HK/US brokerage group looking to buy (majority or 100% stake) Multi-Family Office/External Asset Manager in SG, HK, w/ profitability at least SGD 200M AUM, w/ objective of aqcuiring core team and AUM
5) N Asian conglomerate was looking to buy Multi-Family Office/External Asset Manager in SG, HK, w/ profitability, AUM of USD 1-2B, targeting USD 50-200M cheque size, but in advanced discussions now w/ 2 targets so search on hold
6) Pan Asian and global PE funds looking to buy Growth stage Dubai/Singapore-based wealth manager
7) Pan Asian and global PE funds looking to buy Asia-based maritime service provider
8) Pan Asian and global PE funds looking to buy Asia outsourced IT development provider
9) Education platform company in China and SG w/ enrichment centres in SG, has Chinese investors keen to pursue this industry via enrichment centres, specialised education, private schools or tertiarty offerings
10) Buyers looking for cram school/tuition centre/ preschool/international school with USD 50M-100M budget for brick and mortar business in Singapore/SEA, where most buyers are financial buyers, with cram schools/tuition offerings preferred
11) Large Chinese payments group looking to acquire digital payments license (DPT) holding entity in Singapore for USD 1-10M
12) North Asian financial services group with existing fund administration, corporate secretarial services was looking to acquire more such providers for <=SGD 1M but on hold for now
13) High touch tech-first corporate secretarial service provider/fund administrator upstart servicing overseas startups, funds looking to expand into Asia via Singapore is looking to acquire traditional corporate secretarial/accounting providers
14) Corporate financial advisory upstart looking to acquire corporate secretarial/accounting providers
Supply
Licensed Europe HQ Crypto Bank
- Among 1st licensed crypto banks globally
- Preference to raise growth equity (USD 150M) but open to buyout
- 2022-2025 CAGR: 31%
- 1125 client a/cs as of 2025 (serving 40+ countries incl US)
- USD 3.4B AUM
Korean VASP
- Operational, FIU-supervised Korean VASP ranked 1 of 28 in Korea
- Authorized for: custody/mgmt, transfer of virtual assets (clear path to full 5 activity coverage)
- Compliance: AML, KYC, Travel Rule, cold storage, asset segregation – all complete
- Platform: custody, asset mgmt and prop trading ready to activate
- Incorporated 2020
- Team: full staff transfer, no key person attrition
- Backing: insti PE fund – alumni of Upbit, Bithumb, Bain, Bain, Binance, HSBC, White & Case and US SEC
- Seller ownership: ~80%
- Asking: ~ USD 8M + earn-out (cash free, debt free)
UK/FCA-Licensed Broker-Dealer Fast Tracked for Crypto Capabilities
- 2 decades of operations w/ retail broker-dealer license with pristine operating history
- Adding regulatory permissioning on crypto side where FCA clamping down on retail permissioning and only really awarding professional client licences
- 2 decades of impeccable regulatory track record allowing for fast-tracking of crypto licensing
- Asking: GBP 3.5M
UAE VASP
- Shell w/ license for asset management
- Asking: ~ USD 700k
SG-based Dental Chain
- 11 dental clinics + 1 GP clinic
- Among fastest growing SG companies (2019-2022) as cited by Straits Times
- FY2023 rev: SGD 24.6M; NOPAT23: SGD 2.7M; 2023 EBITDA: SGD 6.4M post IFRS-16, SGD 4.1M pre IFRS-16
- Previously seeking SGD 28M representing 49.1% of equity (SGD 13M and SGD 15M in 2 separate stages, to ideally a PE group (as opposed to a SGX-listco), and now only requires SGD 3M (after closing on raise in Oct)
- Founder still looking to continue running business but using raise primarily to pay off debt and expand via acquisition of other clinics including into surrounding ASEAN region
SG-based High End Aesthetics Clinic in CBD
- High profit margin (50% 2023 NOPAT) clinic near Raffles Place MRT
- 40 years experience in dermatology, aesthetics, plastic/reconstructive surgery
- Services high profile celebrities
- Founded by 2 doctors (one in early 50s, one in mid 30s) w/ 5 other doctor employees where they’re looking to sell large minority or majority stake and stay on as employees
- SGD 60M valuation (needs to be paid in cash)
SG Telco/ICT Contractor
- 20 years of operation w/ strong strategic contracts w/ 2 largest telcos in SG
- Turnkey operation w/ proven rev model and multiple growth avenues
- 2024 rev: SGD 3.8M; 2024 net profit: SGD 1.7M; 2025 est rev: SGD 8M; 2025 est net profit: SGD 3.2M
- Ask: SGD 20M
Aerial Long Term Time Lapse Video Service Provider
- 25 yr old SG SME that applies proprietary techniques into assembling/integrating hardware/software and deploying drones in manner that provides stunning time lapse HD video results to clients at fraction of cost charged by leading German competitor
- Offers in-house built time-lapse boxes and tethered UAV systems to construction companies, property developers, oil refineries, media groups, etc
- Annual turnover hitting SGD 1.5M (15% net profit margin) w/ long term contracts (on time-lapse for construction projects)
- Drone business provides extensive aerial services to build track record, capture market share and generate positive cashflow
- For expansion, looking to acquire significant stakes in two other local drone companies specialising in customised military drone technology and AI/AR construction monitoring respectively
- One of these companies also developed tethered UAV system which currently deployed through partnership
- Target capital raise will accelerate acquisitions
- As for time-lapse system developed and manufactured in-house, funding is needed to upgrade it to next version
- Raising USD 5M (target valuation USD 15M) (3M to expand into at least 2 new territories – Saudi Arabia, Thailand; 2M to start acquiring AR/VR and AI technologies)
- Raising USD 5M (target valuation USD 15M) (3M to expand into at least 2 new territories – Saudi Arabia, Thailand; 2M to start acquiring AR/VR and AI technologies)
SG-based Sports Training Agency Platform
- Agency places instructors for tennis, swimming, gymnastics, soccer/football w/ students (starting from preschool aged to seniors)
- Agency leverages on existing sports training venues as made available through partnerships w/ >50 schools, golf & country clubs
- Minimal overhead other than student/class booking SAAS licensing fee, marketing expenses
- Annual revenue of ~SGD 3M
- Founder hoping to exit as he’s looking to move to Spain
- Strategic opportunity for investors/companies in sports, education or wellness industries
Alternative Investments (HF/Family Office/Compliance/PE) EdTech
- Online hedge fund, family office, compliance, PE programs, with strong growth via corporate training for blue chip clients with deep pockets and stickiness (e.g. Point 72, Interactive Brokers)
- Originally started w/ in-person hedge fund programs in HK, Tokyo, Singapore, New York and London
- Hedge fund program accredited by top 10 UK business school
- Raising to expand on business development (esp in London, Hong Kong, Dubai, New York), to develop courses for ESG, FX, digital assets, real estate, VC, AI in finance, Python for Finance, Data Analytics in Finance), and to acquire corporate training companies
- USD 5M pre-money valuation, and looking for another USD 1.3M (out of USD 2M)
- 2022 net loss: ~USD 100k
- Instructors are industry professionals, with emphasis on practical knowledge and networking functions
- Co-founder led M&A of Salomon Brothers & Citi, and Nikko Securities & Schroders
- Investors/advisors include former president/CEO of CFA Institute, and co-founder of SuperCharger Ventures (an EdTech Accelerator)
Steakhouse SG Restaurant Chain
- Founded 2010 by 2 chef/co-founders w/ 60 yrs experience in total, w/ 5 outlets in SG
- Shareholders looking to partially divest and/or to seek capital to expand
- Total capacity of 489 seats and serving 36k customers monthly in Central and Eastern SG
- Looking to add Halal concept
- Vietnam partner looking to launch 10 branches
- Strong brand awareness in SG, and known for quality w/ value
- Can either fully sale or partially w/ earn out mechanism and/or any combo of sale and development capital (of SGD 5M+) to support expansion (in SG) as well as to introduce new concept to attract new customer segment and for working capital and debt repayment
- Rev SGD 14-16M/yr w/ 2023 EBITDA > SGD 1M
Gourmet Diner Style, Hipster Smashed Hamburger Chain
- American-style, gourmet smashed burgers (launched 2017 in HK) w/ high quality ingredients w/ 1st overseas expansion in Macau (2022) and in SG (2023)
- Expanded 2025 into China (beginning w/ Shenzhen) and Thailand
- Brisket-and-chuck burger patties made w/ USDA prime-grade beef from Holstein and Angus cattle reared in Wisconsin, where breeds known for marbling; prime beef has highest marbling score and is more flavourful compared to beef with lower USDA grade
- Patties ground in-house daily and, upon order, smashed on hot griddles and cooked to medium rare
Popiah Asian Fusion SG Restaurant Chain
- Launched in 2016 on inspiration from mother’s original hawker concept serving popiahs, kueh pie ti, laksa and muah chee
- Guoco Tower flagship location (600 sq ft) esp popular, w/ other locations in One Raffles Place, Compass One, Tampines, Westgate, Hillion Mall
- Growth opportunity w/ Halal certification, and can expand w/ franchise-ready model to SE Asia, Australia and Europe
- Central kitchen has spare capacity
- App provides loyalty program and helps analyse ordering patterns, preferences, peak times, helping w/ menu optimization and targeted marketing
High End Fusion SG (Chinatown) Restaurant
- European-Asian fusion
- 1 location in heritage building w/ outdoor patio
- Award-winning chef
- Hosts and caters for corporate events
- Not actively looking to sell but available for SGD 3.5M where capital enables expansion
Premium Casual SG American/Western Cuisine Restaurants
- Established in 2012 w/ 2 outlets in upper mid end malls in downtown shopping/business districts
- 2019-2023, operated additional outlets
- 2023 rev: SGD 5.1M; 2023 EBITDA: SGD -0.06M
Japanese Omakase SG (Orchard) Restaurant
- Chef/Co-Owner has decades of culinary experience at omakase restaurants
- Spent SGD 300k on renovating space
- Available for SGD 1M