Feb 23, 2025
Youngtimers AG Expands into Australia with Strategic Acquisition of Richmond Funds Management
February 23rd, 2025, Basel – Following the successful acquisition of C Capital in November 2024, Youngtimers AG, a Swiss-listed company (YTME: SIX), announces a major step in its APAC expansion
Ad hoc announcement pursuant to Art. 53 LR
February 23rd, 2025, Basel – Following the successful acquisition of C Capital in November 2024, Youngtimers AG, a Swiss-listed company (YTME: SIX), announces a major step in its APAC expansion with the signing of a non-binding term sheet for the acquisition of the Australian-based Richmond Funds Management (“RFM”), which will be rebranded as C Capital Australia upon completion of the transaction.
The term sheet has been signed with Senry Holdings Pty Ltd (“Senry Holdings”), the 100% owner of RFM, an asset management company renowned for its strong footholds in the Australian and Singaporean markets.
The current portfolio of RFM includes private equity, private credit, real estate and renewable energy projects, with assets under management (“AUM”) in excess of US$200 million. The acquisition is subject to due diligence as well as the definition of final terms between Youngtimers AG and Senry Holdings.
“The potential acquisition of Richmond Funds Management is a key step in solidifying Youngtimers AG’s development to be an APAC-focused asset manager. With Australia as a strategic entry point, this move strengthens our regional presence and unlocks exciting investment opportunities for our current and future investors. We will conduct due diligence and hope to conclude the deal as early as practical”, commented Ben Cheng, CEO of Youngtimers AG.
“The deal with Youngtimers AG provides great international exposure for our team and accelerates our global expansion. We believe our skills, experience, and track record will positively impact Youngtimers AG and be beneficial to its shareholders,” commented Henry Lee, Co-Founder of RFM.
“We are excited about the opportunity to align with Youngtimers AG and explore new avenues for growth and collaboration. This transaction represents a significant step in expanding our presence and leveraging global synergies,” commented Seil Kim, Co-Founder of RFM.
The transaction is scheduled to close on or before June 30th, 2025. The Company will provide further information in due course.
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About Youngtimers AG
Youngtimers AG is listed in Switzerland (Symbol YTME on SIX Swiss Exchange) and headquartered in Basel. Following the acquisition of C Capital, Youngtimers AG now operates as C Capital, an APAC-focused global asset management firm. This development marks a significant step in expanding Youngtimers AG’s investment expertise and global reach.
About C Capital
C Capital is a global asset management company that manages over US$800 million in assets under management. The company focuses on Asia Pacific growth-stage investments across the consumer and technology sectors. Founded in 2017 as C Ventures, the company has built a successful track record in investing in more than 40 portfolio companies including notable disruptive businesses such as CASETiFY, Nothing Phone, Red Note, Agile Robots, NIO, Xiaopeng and Lalamove. The firm is committed to helping entrepreneurs grow their businesses and expand their vision to new heights.
About Richmond Funds Management
Richmond Funds Management is an investment and fund manager based in Sydney, Australia and Singapore. The company invests capital on behalf of large international institutional investors, family offices and high net worth individuals. Its experience extends across all asset classes. Through its investments, RFM actively promotes sustainable and responsible ESG strategies. RFM’s capability is underpinned by an experienced and diverse team with a demonstrated track record of delivering successful projects across industries and geographies. Combined, the team has transacted over US$10 billion via equity and debt. The current portfolio spans across private equity, real estate, renewable development projects, private credit, select venture capital investments and special situations/distressed opportunities, with total current AUM in excess of US$200 million.
Contact:
Youngtimers AG
C Capital
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