Temasek-backed investment firm SeaTown Holdings announced that it has committed to invest up to S$115 million (about $89 million) in Singapore-headquartered healthcare and life sciences company AddVita.
The investment, made through SeaTown Private Capital Master Fund, will back AddVita’s ‘buy-and-build’ strategy to acquire niche distribution businesses across Asia, focusing on medical, laboratory, and pharmaceutical products and services.
Through these targeted investments and strategic partnerships, AddVita will establish a platform of high-quality products and services that improve access to and quality of healthcare across Asia, per the announcement.
AddVita serves as a long-term partner for small- and medium-sized healthcare distributors across Asia, providing a stable platform for growth and integration.
Specialising in medical, laboratory, and pharmaceutical products and services, the company adopts a decentralised management approach while pursuing a strategic vision focused on acquiring and scaling high-performing, niche businesses with strong cash flow and sustainable earnings.
“The healthcare distribution sector is resilient, with robust secular growth tailwinds,” said Dickson Loo, managing director of Private Equity at SeaTown. “With SeaTown’s partnership, we are confident that AddVita will emerge as a leader in the region’s healthcare distribution sector.”
SeaTown has more than $400 million committed to buy-and-build strategies in Asia. The AddVita deal is part of its broader private equity play focused on scalable, cash-generating assets with long-term value creation potential, the firm said.
SeaTown has over $4 billion in assets under management across five open-end and closed-end strategies.
The firm, founded and headquartered in Singapore in 2009, is owned by Seviora Holdings, Temasek’s asset management group.
In August last year, the firm announced that it secured over $1.3 billion in commitments in the final close of its latest private credit fund, SeaTown Private Credit Fund II. The commitment size surpassed the $1.2 billion raised for SeaTown Private Credit Fund I.
