Affirma Capital bets on micromobility with investment in Beam Mobility Singapore-based PE firm to market a project fund to investors to fund $75 mil investment
Translated by Ryu Ho-joung 공개 2022-03-18 08:15:02
이 기사는 2022년 03월 18일 08:14 thebell 에 표출된 기사입니다.
Affirma Capital has invested in Beam Mobility, the Asia’s biggest electric scooter-sharing company, as it bets on the fast-growing micromobility market in the region.The Singapore-headquartered private equity firm bought $75 million (approximately 90 billion won) in convertible bonds and preferred shares issued by the company, according to sources.
Half of the investment was financed from the firm’s fifth flagship fund, which closed with 543.4 billion won ($446.8 million) in capital commitments last year. The remaining amount was funded through a bridge loan.
To replace the bridge loan, Affirma Capital plans to market a 45 billion won fund dedicated to Beam Mobility.
Beam Mobility, founded in Singapore in July 2018, is the biggest micromobility service provider in Asia Pacific, with 1.6 million users and operations in South Korea, Australia, New Zealand, Malaysia and Thailand. The region’s micromobility market is expected to grow more than twofold each year by 2025.
Affirma Capital used its global network to complete the deal. The firm’s South Korea and Singapore teams worked together to perform due diligence of Beam Mobility’s units in South Korea, Australia and Malaysia. They also conducted due diligence on markets the company is planning to enter, such as Turkey, Japan and Taiwan.
With backing from Affirma Capital, Beam Mobility intends to expand its business into more than 10 other countries and diversify its service offerings in order to cement its leading status in Asia’s micromobililty market. (Reporting by Hyo-jung Lim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [여전사경영분석]BNK캐피탈, 순익 반등에도 수익성 제고 과제 여전히
- [은행경영분석]권재중 BNK금융 CFO 첫 성적표 'CET1 12%대' 진입
- 마이금융파트너, 신계약 성과에 2년째 매출 급증
- [여전사경영분석]문동권식 수익다변화 전략 적중…신한카드, 순익 회복 시동
- BNK캐피탈, 상임감사에 김상대 전 금감원 국장 선임
- [은행경영분석]우리은행, 기업금융 명가 재건 '중기 대출' 강화에 달렸다
- DGB금융, '대구은행장 후계자' 육성 작업 본격화
- [외국계 보험사는 지금]동양생명, 건강보험시장 공략 강화 키워드 'GA'
- [저축은행 유동성 진단]BNK저축, 대출 영업·유동성비율 '다 잡았다'
- [보험 패러다임 시프트]삼성생명, 현실화한 위기…불가피했던 변화