| Type | Private Ownership |
|---|---|
| Industry | Private Equity |
| Founded | 2002 |
| Headquarters | Hong Kong Seoul, South Korea Singapore Sydney, Australia |
| Products | Private equity funds |
| Total assets | $3.5 billion |
| Website | www.affinityequity.com |
Affinity Equity Partners is one of the largest dedicated Asian private equity firms and focuses on leveraged buyout and growth capital transactions. Affinity invests primarily in companies that produce consumer-related goods and services as well value-added manufacturing, healthcare, financial services, and business services companies.
Affinity typically invests in companies based in the Asia Pacific region with a focus on Australia, Greater China, Hong Kong, Japan, Korea, Singapore and Taiwan.
Affinity was founded by Kok-Yew (K.Y.) Tang and David Lai in 2002 The firm is headquartered in Hong Kong with offices in Seoul, South Korea, Singapore and Sydney, Australia.
David Lai left Affinity in 2009. Meantime, some of the portfolio companies, including First Engineering and Jaya Holdings, had reported severe liquidity and cashflow issues. [1]
The two founders of Affinity, K.Y. Tang and David Lai, joined UBS Capital in the mid-1990s. Affinity, founded in 2002, was originally known as UBS Capital Asia Pacific to serve as the Asian private equity arm of UBS AG. UBS Capital Asia Pacific was spun out as an independent firm in March 2004. In 2004, Affinity raised its first independent private equity fund, Affinity Asia Pacific Fund II, with $700 million of investor commitments. In 2007, Affinity raised its next fund Affinity Asia Pacific Fund III with $2.8 billion of investor commitments, which was the largest private equity fund raised to that point in Asia.[2]
Among Affinity's notable investments are the following:
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