Bee Alternatives Management Ltd. (BAM), the equity holding company of Malaysia-based Bee Alternatives Limited (BAL), announced Wednesday that it has entered into a definitive agreement to acquire 100% of the shares in JAFCO Investment (Asia Pacific) Ltd. (JAFCO Asia) from JAFCO Group Co., Ltd. (JAFCO).

BAM said in a statement that the acquisition is part of a strategic initiative to expand its platform and investment capabilities in Asia.

Following completion of the Acquisition, BAM will directly or indirectly hold the shares of the General Partner and the Manager (each as defined in the limited partnership agreement; hereinafter the same) of the relevant funds.

JAFCO Asia is a venture capital firm that invests in high-growth, technology-related companies in their early to growth stages.

Since its founding in the 1990s, JAFCO Asia has been a prominent player in the Asia Pacific region, with a focus on driving innovation and supporting entrepreneurs in the technology sector.

Headquartered in Singapore, the firm also operates subsidiaries in Taiwan and China, providing robust regional coverage across Southeast Asia, Taiwan, China, and India.

This transaction marks a pivotal milestone in BAM’s long-term development strategy and is distinct from BAL’s secondary investment activities.

By acquiring a well-established platform with a strong operational foundation, BAM aims to deepen its footprint in the region and create new avenues for value creation while complementing BAL’s existing investment strategies.

This acquisition will not only enhance but also solidify the group’s ability to connect private equity/venture capital ecosystem within the Asia region, fostering new opportunities for growth and collaboration.

While BAL continues to manage or advise funds focused on secondary investments globally, the acquisition is a distinct initiative, designed and operated independently, with the aim of further diversifying the platform and expanding its footprint in the Asia Pacific private equity landscape.

The closing of the acquisition is scheduled to take place within 2025, subject to regulatory approvals and the satisfaction of other closing conditions.

As part of a group reorganization, BAL is expected to become a wholly owned subsidiary of BAM.

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