Following the successful acquisition of C Capital in November 2024, Youngtimers AG, a Swiss-listed company, has announced a major step in its Asia Pacific (APAC) expansion with the signing of a non-binding term sheet for the acquisition of the Australian-based Richmond Funds Management (RFM), which will be rebranded as C Capital Australia upon completion of the transaction.
Youngtimers said in a statement on Sunday that the term sheet has been signed with Senry Holdings Pty Ltd, the 100 percent owner of RFM, an asset management company renowned for its strong footholds in the Australian and Singaporean markets.
The current portfolio of RFM includes private equity, private credit, real estate and renewable energy projects, with assets under management (AUM) in excess of $200 million.
The acquisition is subject to due diligence as well as the definition of final terms between Youngtimers AG and Senry Holdings.
“The potential acquisition of Richmond Funds Management is a key step in solidifying Youngtimers AG’s development to be an APAC-focused asset manager,
“With Australia as a strategic entry point, this move strengthens our regional presence and unlocks exciting investment opportunities for our current and future investors,” Ben Cheng, Chief Executive Officer of Youngtimers AG.
He said the firm will conduct due diligence and hope to conclude the deal as early as practical.
Henry Lee, Co-Founder of RFM, said the deal with Youngtimers AG provides great international exposure for the firm’s team and accelerates its global expansion.
“We believe our skills, experience, and track record will positively impact Youngtimers AG and be beneficial to its shareholders,” he added.
Seil Kim, Co-Founder of RFM, also said the firm is excited about the opportunity to align with Youngtimers AG and explore new avenues for growth and collaboration.
“This transaction represents a significant step in expanding our presence and leveraging global synergies,” he added.
The transaction is scheduled to close on or before June 30th, 2025.
The company will provide further information in due course.
Youngtimers is listed in Switzerland and headquartered in Basel.
Following the acquisition of C Capital, Youngtimers now operates as C Capital, an APAC-focused global asset management firm.
This development marks a significant step in expanding Youngtimers’s investment expertise and global reach.
C Capital is a global asset management company that manages over $800 million in assets under management.
The company focuses on Asia Pacific growth-stage investments across the consumer and technology sectors.
Founded in 2017 as C Ventures, the company has built a successful track record in investing in more than 40 portfolio companies including notable disruptive businesses such as CASETiFY, Nothing Phone, Red Note, Agile Robots, NIO, Xiaopeng and Lalamove.
RFM is an investment and fund manager based in Sydney, Australia and Singapore.
The company invests capital on behalf of large international institutional investors, family offices and high net worth individuals. Its experience extends across all asset classes.
The firm has transacted over $10 billion via equity and debt.
Its current portfolio spans across private equity, real estate, renewable development projects, private credit, select venture capital investments and special situations/distressed opportunities, with total current AUM in excess of $200 million.
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