THE ALTERNATIVE VIEW
Private Equity and M&A – Southeast Asia

By: Alternatives.pe

Access the largest and most comprehensive set of decision makers and team members for each LP, FO and FM profile

Register now for a demo or sign up for a free trial, no credit card required.

 

Southeast Asia M&A Deals

Twenty-Four Con & Supply Public Company Limited (24CS), a Thailand-based company engaged in business services, equipment distribution, and air conditioning system installation, has reportedly acquired 100% of ORGANICS GREENS FARM, a Thai company that cultivates and distributes organic agricultural products, from Organics Holding Corporation Company Limited and Organics Asset Holding Corp Company Limited for USD 2 million.

Click the image below to see an example of the data we have on every company.

Besides acquiring ORGANICS GREENS FARM, Twenty-Four Con & Supply Public Company Limited (24CS) also acquired 100% of DOCTOR JEL, a Thai company that produces organic gel-based skincare products for USD 614 thousand, ORGANICS INNOVATIONS, a Thai company specializing in organic health, beauty, and wellness products for USD 290 thousand, and TECHNOLOGY INTELLIGENCE, a Thai company that provides IT support services for USD 351 thousand. All four of the acquisitions will be completed via a process called Entire Business Transfer, where 24CS acquires all assets, liabilities, and obligations of the sellers. Acquiring these companies enables enables 24CS to secure a supply of raw materials for its cosmetic and dietary supplement products, supporting its vertical integration strategy.

PT Sinar Eka Selaras Tbk (ERAL), an end-to-end retail company specializing in clothing and apparel in Indonesia, has increased its stake in both of its joint venture companies with UK’s JD Sports Fashion plc (JDUK). ERAL acquired 51% of JDSPORTS FASHION INDONESIA (JDFI) and 49% of JDSPORTS FASHION DISTRIBUTION (JDFD). These two companies operate the Indonesian branches of JD Sports, a chain of retail stores that sell sportswear and activewear. ERAL acquired JDFI for USD 5.6 million, while JDFD’s acquisition cost USD 310 thousand.

Medic International (Singapore) Pte. Ltd. has acquired an 85% stake in both MEDIC LASER and MEDIC SURGICAL, Singaporean companies that owns and operates general medical, surgical, and aesthetic services. The companies were previously owned by Clearbridge Health Limited, a Singapore-listed integrated healthcare group with a focus on the delivery of precision medicine with businesses comprising of laboratory testing services, and medical clinics. Medic International (Singapore) Pte. Ltd. acquired the companies for USD 74 thousand each.

Green Power Digital Company Limited, a Thailand-based company engaged in the creation of ready-to-use software, has acquired a 50.01% stake in SAKUN C INNOVATION, a minibus and watercraft manufacturer in Thailand. Sakun C Innovation was acquired from Chai Watana Tannery Group Public Company Limited for USD 28 thousand.

ClimateDoor, a venture builder and platform headquartered in Canada and focused on catalysing growth for early-stage climate ventures through business development, capital raising, and strategic partnerships, will reportedly be merging with GREENTECH ASIA, a Singaporean consulting group specializing in economic development, market entry, government policy, and strategic advisory services. Terms of the deal remain undisclosed.

Muang Thai Life Assurance Public Company Limited (MTL), a Thailand-based life insurance company, acquired a 40% stake in NAYA RESIDENCE, a Thai company that offers elderly care with accommodation and caregivers, for an undisclosed sum. MTL’s investment in Naya Residence and LivWell Living leverages Thailand’s aging population to diversify its insurance offerings by integrating retirement planning with premium senior living services.

 

Subscribers receive exclusive access to top-line financials and cap tables of hundreds of thousands of private companies in Southeast Asia with over USD 1 million revenue.
 

REVENUE UPDATES

WOAH GROUP, a Singapore-based distributor for beauty, health and sports nutrition products, has reported a revenue of USD 10.3 million for the FY ending in December 2023, growing nearly 300%.

Comparable Companies:

NHAT HOANG, a Vietnamese enterprise focusing on timber, reached a revenue of USD 1.6 million for the FY ending in December 2023, a 201% year-on-year growth.

Comparable Companies:

 
Subscribers can see the full financials for these and many other companies.
 

SEA TECH & VC NEWSLETTER

We are also covering the startups in Southeast Asia. To find out why the best investors use Alternatives.pe. Click the button below to subscribe to our Southeast Asia newsletter.