Investment Summary

Affinity Equity Partners and LeapFrog Investments Invest In HDBank

On December 1, 2020, private equity firm Affinity Equity Partners and growth capital firm LeapFrog Investments invested in financial services company HDBank

Investment Highlights
  • This is Affinity Equity Partners’ 5th and LeapFrog Investments’ 13th transaction in the Financial Services sector.
  • This is Affinity Equity Partners’ 1st and LeapFrog Investments’ 1st transaction in Vietnam.

Investment Summary

Date 2020-12-01
Target HDBank
Sector Financial Services
Investor(s) Affinity Equity Partners
LeapFrog Investments
Deal Type Stake Purchase

Target

HDBank

Ho Chi Minh, Vietnam
HDBank is a commercial bank providing general banking services. HDBank was founded in 1989 and is based in Ho Chi Minh, Vietnam.

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Investor(S) 2

Investor

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 40 of 46
Sector: Financial Services M&A 5 of 5
Type: Stake Purchase M&A Deals 12 of 13
Country: Vietnam M&A 1 of 1
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 aland

Taizhou, China

aland is a manufacturer of nutrition products in China. The company's main product is vitamin C tablets, providing customers with high-quality nutritional supplements and tablets. aland was founded in 1998 and is based in Taizhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Plaza Premium Group

Hong Kong, China

Plaza Premium Group is a provider of airport hospitality solutions to leading airlines, alliances, and corporates around the world. Plaza Premium Group help and craft services and facilities in over 200 locations in more than 60 international airports across the world. Plaza Premium Group was founded in 1998 and is based in Hong Kong, China.

Buy -
DESCRIPTION

LeapFrog Investments is a private equity firm focused on opportunities across Asia and Africa. The Firm looks to invest $10 to $50 million per transaction to fund high-growth, financial services and healthcare businesses operating in fast growing markets. LeapFrog is an active investor and looks to support portfolio companies with operations, sales, human resources, and other core business functions. LeapFrog Investments was formed in 2007 and is headquartered in Ebene, Mauritius.


DEAL STATS #
Overall 32 of 35
Sector: Financial Services M&A 13 of 13
Type: Stake Purchase M&A Deals 8 of 9
Country: Vietnam M&A 1 of 1
Year: 2020 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Fidelity Bank

Accra, Ghana

Fidelity Bank is a privately-owned bank. Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels. Fidelity Bank was founded in 1998 and is based in Accra, Ghana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Healthifyme

Singapore, Singapore

HealthifyMe is a mobile health and fitness app that combines the power of technology with real human services to deliver measurable impact. It is a digital wellness platform catering to more than 25 million users in 300+ cities with over 1500 coaches. Healthifyme was founded in 2012 and is based in Singapore.

Buy -