Singapore-based Bee Alternatives Management (BAM), the equity holding company of Bee Alternatives Limited, has signed a definitive agreement to acquire 100 per cent of the shares in JAFCO Asia from Japanese venture capital firm JAFCO Group.
The transaction details remain undisclosed.
The acquisition aims to enhance and solidify the group’s ability to connect the PE and VC ecosystem within Asia, fostering new opportunities for growth and collaboration.
Also Read: Why startup founders should not escape failure
The deal is anticipated to close in 2025, subject to the necessary regulatory approvals and the satisfaction of other customary closing conditions.
Following the completion, BAM will directly or indirectly hold the shares of the General Partner and the Manager of the relevant funds. While BAL will continue to manage or advise funds focused on secondary investments globally, the acquisition is an independent initiative designed to diversify BAM’s platform further and expand its footprint in the Asia Pacific private equity landscape.
As part of a group reorganisation, BAL is expected to become a wholly owned subsidiary of BAM.
Founded in the 1990s, JAFCO Asia is a prominent venture capital firm investing in high-growth, technology-related companies in their early-to-growth stages. The focus sectors include mobile and internet technology, consumer & services related, cyber security, medical/healthcare and renewable energy.
Also Read: How to thrive in digital entrepreneurship in Asia today
With US$650 million in funds under management currently (US$1.8 billion cumulative to date), it has invested in more than 480 companies, including Sapient Intelligence and Komunal and divested over 400, of which more than 110 have been publicly listed.
The VC firm also operates subsidiaries in Taiwan and China, providing extensive regional coverage across Southeast Asia, Taiwan, China, and India.
The post Bee Alternatives acquires JAFCO Asia to deepen APAC private capital reach appeared first on e27.