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Affirma Capital

renminbi-note-man-china
Affirma hits first close on renminbi fund

Emerging markets-focused private equity firm Affirma Capital has reached a first close of approximately CNY 1.5bn (USD 215m) on its debut renminbi-denominated fund.

  • Greater China
  • 09 December 2022
business-covid-mask-pandemic
Hong Kong vs Singapore: No zero-sum game

Pandemic-related restrictions have dented confidence in Hong Kong as a private equity hub, while Singapore is on a roll. But gains for one don’t necessarily translate into losses for the other

  • Greater China
  • 09 November 2022
air-conditioners-india
Affirma joins $40m round for India air conditioning supplier

Affirma Capital has joined a USD 40m investment in India’s Epack Durable, a leading domestic designer and manufacturer of air conditioning units among other home appliances.

  • South Asia
  • 14 September 2022
korea-map-money-flag
Korea: A good time to be different?

Macroeconomic uncertainty and liquidity risk are pushing Korean private equity firms to think beyond buyouts, double down on operational capabilities, and consider all their exit options

  • North Asia
  • 14 September 2022
car-auto-insurance-crash
Affirma leads $217m investment in Korean digital insurer

Affirma Capital has led a KRW 300bn (USD 217m) funding round – at a valuation of KRW 1trn – for Carrot General Insurance, a South Korea-based digital insurer.

  • North Asia
  • 09 September 2022
toomics-2
Affirma supports Korea's NPX in Terapin Studios deal

Affirma Capital has confirmed a USD 38m investment in Terapin Studios, a US-based media platform controlled by Korea’s NPX Capital focused on bringing Korean digital comics to global markets.

  • North Asia
  • 02 August 2022
avcj-southeast-asia-2022-exits
SE Asia exits set for near-term turbulence, long-term strength - AVCJ Forum

Private equity exits will remain challenging this year as buyers and sellers drift further apart on pricing, investors told the AVCJ Southeast Asia Forum, although their long-term outlook for liquidity in the region remains reasonably bullish.

  • Southeast Asia
  • 29 July 2022
korea-globe
Affirma targets Korea private debt, secondaries

Affirma Capital is expanding its Korean coverage with the launch of dedicated private debt and secondaries businesses following a relaxation in local regulations.

  • North Asia
  • 02 June 2022
beam-2
Deal focus: Affirma sees promise in Asia e-scooters

Affirma Capital has led a USD 93m Series B round for Singapore-based e-scooter provider Beam, citing its ability to internationalise a locally-focused and increasingly popular business model

  • Southeast Asia
  • 28 February 2022
little-paddington
Affirma buys Singapore preschool chain

Affirma Capital has acquired Singaporean premium preschool operator Little Paddington for an undisclosed sum.

  • Southeast Asia
  • 08 February 2022
beef-usa-meat
Portfolio: Affirma and Sunwoo Fresh

Affirma Capital is helping Korea’s Sunwoo Fresh discover new revenue streams overseas, online, and in adjacent links of the beef importing value chain. Aggressive M&A has accelerated the process

  • North Asia
  • 26 January 2022
momo-app
Vietnam's MoMo secures $200m Series E

Mizuho Bank has led a $200 million Series E round for MoMo, a Vietnam-based mobile wallet provider, at a valuation of more than $2 billion.

  • Southeast Asia
  • 23 December 2021
korea-won-notes-2
Affirma achieves $473m final close on fifth Korea fund

Affirma Capital has closed its fifth Korea-focused fund with KRW543 billion ($473 million) in commitments, marking its first successful fundraise since spinning out from Standard Chartered.

  • North Asia
  • 29 October 2021
direction-money-dollar-choice-arrow
SPACs: Longer menu

As the US recovers from a glut in SPAC fundraising, Asian jurisdictions are launching their own regimes. Not every start-up is a good fit for New York. Is Singapore or Hong Kong a good fit for them?

  • Greater China
  • 26 October 2021
women-female-empowerment-nbfc-mfi-india
Affirma backs India's Belstar Microfinance

Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.

  • South Asia
  • 30 August 2021
cloud-computing
Affirma invests $100m in Korea cloud services provider

Affirma Capital has secured a third deal for its latest Korea fund, with an agreement to invest $100 million in Metanet T Platform, a local cloud managed service provider (MSP).

  • North Asia
  • 19 August 2021
steel-raw-material-metal
Affirma invests $77m in Korean steelmakers

Affirma Capital has acquired a majority stake in two steel manufacturing subsidiaries of Korea-based industrial conglomerate SeAH Group for $76.9 million.

  • North Asia
  • 06 August 2021
vietnam-money-flag
Vietnam middle market: Room for maneuver

There is a perceived sweet spot in Vietnam where check sizes are too big for local GPs and too small for pan-regionals. Taking advantage means addressing structural nuances and strategic competition

  • Southeast Asia
  • 19 May 2021
car-navigation-map
Affirma hits first close on Korea fund, backs SK mapping spinout

Affirma Capital has reached a first close of KRW443 billion ($403 million) on its fifth Korea-focused fund, while simultaneously announcing a $181 million investment in SK Telecom’s mobility business.

  • North Asia
  • 13 April 2021
dubai-uae-mena
Asia-Middle East: Bridge builders

Back-and-forth investment and business building between Asia and the Middle East is a fertile theme for private equity. Such activity appears set to steadily increase rather than boom

  • MENA
  • 30 March 2021
ivo-philipps-affirma
Q&A: Affirma Capital's Ivo Philipps

Affirma Capital came into being 18 months ago as Standard Chartered’s private equity team spun out with most of the remaining balance sheet assets. COO Ivo Philipps explains the middle and back office transition

  • GPs
  • 25 February 2021
avcj-awards-2020-mid-cap-exit-taeyub-kim
AVCJ Awards 2020: Exit of the Year - Mid Cap: EMC Holdings

Taking full ownership of EMC Holdings wasn’t on Affirma Capital’s agenda, but it performed a successful pivot when the business started moving in the wrong direction

  • North Asia
  • 29 January 2021
momo-vietnam-mobile
Warburg Pincus, Goodwater lead Series D for Vietnam's MoMo

MoMo, a Vietnam-based mobile wallet provider, has closed a Series D round of more than $100 million led by Goodwater Capital and Warburg Pincus.

  • Southeast Asia
  • 14 January 2021
waste-water-treatment
Deal focus: Affirma’s decade-long water turnaround

Having assumed full ownership of EMC Holdings in 2016, Affirma Capital rejuvenated the Korean wastewater management business through savvy acquisitions and encouraging management to get creative

  • North Asia
  • 30 September 2020
1 2

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