Source: Singapore Venture Capital and Private Equity Association
SVCA celebrates 23rd anniversary with its sixth Annual Awards
2015 Award winners include:
KOHLBERG KRAVIS ROBERTS (KKR)
GENERAL ATLANTIC AND ONTARIO TEACHERS’ PENSION PLAN
LGT VENTURE PHILANTHROPY (LGT VP)
SINGAPORE – 2 October 2015 – The Singapore Venture Capital and Private Equity Association (“SVCA”) celebrated its 23rd anniversary last night with a gala dinner where it presented awards to the winners of its sixth SVCA Annual Awards:
PE Deal of the Year
The Award for PE Deal of the Year went to Kohlberg Kravis Roberts (KKR) for its investment in Goodpack Limited, a Singapore-headquartered company with a patented solution to reduce costs and environmental impact in the global logistics industry. The size, complexity and competitive nature of the investment distinguished it from its peers.
VC Deal of the Year
The VC Deal of the Year was awarded to General Atlantic and Ontario Teachers’ Pension Plan for their investment into Garena Online, a leading platform for online and mobile entertainment. Headquartered in Singapore since 2009, the company has expanded across Southeast Asia to Taiwan and Hong Kong serving millions of users. Relentlessly innovating, it has since launched products that enhance customer experiences in entertainment, communication, shopping and payment. The company has experienced impressive growth aided by a highly scaleable platform.
VC Exit of the Year
The VC Exit of the year was won by Jungle Ventures for its impressive returns resulting from its investment and exit from Voyagin, a curated marketplace for travellers to discover authentic, local experiences in Asian destinations. Voyagin was acquired by Rakuten in 2015.
Most Impactful Non-Profit/Social Enterprise
For the first time, the winner of this category was determined by the guests through live polling during the SVCA Gala Dinner. The finalists selected by the Panel of Judges were:
1. East Bali Cashews which was sponsored by Kohlberg Kravis Roberts (KKR) through the provision of pro-bono business, strategic and technical assistance;
2. Kennemer Foods International, INC. lead funded by LGT Venture Philanthropy and
3. Helpling Singapore lead funded by Asia Pacific Internet Group
Winner: Kennemer Foods International, INC. (Investee) LGT Venture Philanthropy (Lead Funder)
About Kennemer Foods International, INC. (Investee)
Kennemer Foods International, Inc. (KFI) is a for-profit social enterprise in the Philippines that empowers smallholder cacao farmers and addresses critical gaps in the agricultural value chain. KFI delivers a comprehensive, end-to-end solution for improving farmers’ livelihoods by providing them with high-quality planting materials, farm inputs, technical assistance, appropriate financing and access to global markets. The company has built partnerships with corporates including Mars Inc., farmer cooperatives, provincial governments and indigenous tribes. KFI increases the yields and incomes of its smallholder farmers by as much as 4 times, and aims to integrate 35’000 farmers into its value chain by 2020.
About LGT Venture Philanthropy (Lead Funder)
Established in 2007, LGT Venture Philanthropy (LGT VP) is a global impact investor supporting organizations with outstanding social and environmental impact. LGT VP is committed to improving the quality of life of less advantaged people in developing and emerging countries, specifically in the areas of education, health and sanitation, agriculture, renewable energy, and information and communications technology. It supports portfolio organisations through a combination of tailored financing, business and management know-how, and access to relevant networks. To date, LGT VP has supported over 50 organizations globally that have improved the lives of over 5 million less advantaged people.