SeaTown Holdings International (“SeaTown”) announced today its investment via SeaTown Private Capital Master Fund (“SeaTown PCap Fund”) in AddVita, a Singapore-headquartered healthcare and life sciences distribution company. With a capital commitment of up to SGD 115 million from SeaTown PCap Fund, this investment positions AddVita as an enduring home for small and medium-sized healthcare and life sciences distribution businesses across Asia, providing them with a strong foundation and network to accelerate their growth.
At the core of AddVita’s vision is a commitment to becoming Asia’s most trusted and impactful healthcare and life sciences distribution network. By building a strong ecosystem of empowered small and medium-sized businesses, AddVita aspires to create a healthier future and transform healthcare accessibility and quality through a steadfast focus on innovation and collaboration.
AddVita will look to acquire market-leading niche businesses in Asia, specialising in distributing high-quality medical, laboratory and pharmaceutical products and services. Backed by SeaTown PCap Fund’s capital support and strategic guidance, AddVita will continue to grow by executing a “Buy-and-Build” strategy centred on its long-term vision. 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.
SeaTown PCap Fund’s investment reflects its confidence in AddVita’s vision and aligns with SeaTown’s long-term private equity strategy, which focuses on a buy-and-build approach emphasising scalable growth and value creation. With over a decade of private equity experience in Asia and more than USD 400 million committed into buy-and-build investment opportunities, SeaTown is well-positioned to support AddVita’s growth.
Dickson Loo, Managing Director of Private Equity at SeaTown, said, “We are excited to support AddVita in its mission to empower small and medium-sized businesses, enhancing healthcare access and quality across Asia. The healthcare distribution sector is resilient, with robust secular growth tailwinds. Our high-quality partners have also demonstrated the ability to generate strong cash flow and sustainable earnings growth. With SeaTown’s partnership, we are confident that AddVita will emerge as a leader in the region’s healthcare distribution sector, unlocking significant value creation opportunities.”
AddVita invites like-minded businesses to become part of its ecosystem and vision to be Asia’s most trusted and impactful healthcare distribution network, improving healthcare access and quality across the region.
Read more in the attached Press Release.
