By Reuters | Updated: November 27, 2024
SINGAPORE, Nov 27 (Reuters) – Asia-focused alternative investment firm SeaTown Holdings International said on Wednesday it had partnered with Singaporean tech investor and entrepreneur Lim Yuan En to set up an enterprise technology services company called Skyform. SeaTown, a unit of Singapore state investor Temasek’s asset management arm Seviora, said both parties would back Skyform with a capital commitment of up to S$100 million ($74 million), according to a joint statement. Singapore-headquartered Skyform will pursue growth by acquiring and scaling up enterprise technology services companies in Asia Pacific, the statement said. The setting up of Skyform aligns with SeaTown’s strategy of “targeting industries with attractive financial profiles and resilient growth”, the statement added. Skyform founder and CEO Lim most recently co-led Southeast Asia direct buyouts at Switzerland-based global private markets investor Partners Group, according to the statement.
($1 = 1.3461 Singapore dollars)
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@ Thomson Reuters 2024
