Samena Capital has acquired Asian fund management group Vision Asia Pacific.
Samena Capital has acquired Asian fund management group Vision Asia Pacific.
Vision Asia Pacific is a subsidiary of Vision Investment Management, a Hong-Kong headquartered investment firm.
Samena has also acquired including Vision Asia Pacific’s investment team and USD75m in assets in a five-year closed ended fund.
Through a convertible structure, Vision intends to become a shareholder of Samena Capital and its founder Jerry Wang (pictured) will join the firm’s board.
Shirish Saraf, president and founder of Samena Capital, says: ‘The VAP transaction brings to life Samena’s buy and build model of investment management, through which we gather premier investment teams under our umbrella and then apply our expertise and access to opportunities to achieve a step-change in their returns. Leveraging the USD50m in equity with which we capitalised our management company, we are determined to create a meaningful Asian platform which allows us to unlock the value opportunities sourced by our Samena-wide shareholder base for the benefit of those investing in our funds.’
Wang says: ‘Vision believes in Samena’s investment approach and value creation story and I look forward to a successful long term relationship with Samena Capital. This partnership gives us the ability to jointly explore areas of value creation for the investors of the Angel Fund and to unlock the potential value in a few exceptional asset management platforms.’
Established in February 2008, Samena Capital is an investment management group focusing on principal investments on the Subcontinent, Asia, Middle East and North Africa.
