Event Profile

CAIA Singapore: The State of Private Equity

Date(s):
June 1, 2023
Note:
All times listed are in local time
Venue:
KPMG Singapore
Asia Square Tower 2
12 Marina View, #15-01 
Fee(s):
Free Event
Description:
Location
KPMG Singapore
Asia Square Tower 2, Level 15, 12 Marina View, Singapore 018961
(Please proceed to the 1st floor concierge and refer to KPMG Clubhouse on the 15th floor for access.)
 
  
 
Headwinds from persistent inflation, geopolitical tension, pandemic-induced supply chain issues, heightening yield rates and a looming recession have cooled global M&A activity from the record setting pace of 2021 and early 2022. The financing market for leveraged buyouts and large capital-intensive investments seized up as interest rates rose and liquidity tightens, forcing private equity firms and institutional investors to either write larger equity checks or abandon takeover plans while thinking harder on their sustainability responsibility to their stakeholders.
 
Dealmakers knew that the activity levels and valuations were unsustainable and that a correction was inevitable, and now expect a volatile and unpredictable path to recovery through 2023, but there are signs of optimism. Well-capitalized strategics are still looking for deals that are important for their long-term business strategy. Strategic transactions that augment vertical integration and are small enough to be achievable in this environment can create opportunities for smart dealmakers. Companies conducting portfolio reviews will create opportunities to divest and redeploy capital into opportunities that create value through new technology, talent and ESG capabilities. Asset such as Infrastructure and real estates are seeking alternative strategies given the loss of “cheap” funding advantage. With all that being the flux of activities, where does net zero path stands?
 
Where will successful dealmakers find opportunity with a sustainable prospective? Will sustainable and green sectors continue be a bright spot as the market recovers? What type of deal structures and financing options are favorable in the current market conditions? Has the recent alleged fraud cases cause firms to rethink their due diligence processes? What does the future of the mega-deal look like and whether green opportunity will play a bigger role? How are investors mitigating risks in this turbulent environment? 
 
 
 
Guest Speakers: 
  • Glenn Yong, Investment Director, Navis Capital Partners 
  • Saurabh Bajpai, Partner, Turmeric Capital 
  • Winston Mandrawa, CFA, Executive Director and Co-Head of ASEAN, Affirma Capital
  •  Lim Wen Bin, ASPAC head of renewables, Director, Deal Advisory, KPMG Singapore
Moderator: Bennett Lee, CFA, CAIA, Investment Director, Velocity Ventures, CAIA Singapore Chapter Executive
 
The event will start at 5:30pm sharply. Drinks and light refreshments will be served.
 
As seating capacity of the venue is limited, seats will be allocated through registration on a first-come-first-served basis.
 
  
 


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KPMG Singapore
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