65 Equity Partners

HAS / Cerbios

HAS Healthcare Advanced Synthesis SA (“HAS”), a leading international developer and producer of active pharmaceutical ingredients (APIs), high-potency APIs, and anticancer compounds acquired Cerbios-Pharma SA (“Cerbios”), a globally recognised manufacturer of chemical and biological APIs, including in the rapidly expanding area of antibody drug conjugates.

This strategic transaction marks a significant milestone for the two companies and sets the stage for the creation of a leading global solutions provider in the Contract Development and Manufacturing Organization industry.

Who we partnered with

HAS, owned by the Braglia family, acquired Cerbios which was itself owned by several families. 65 Equity Partners backed the merger, partnering with these family businesses and entrepreneurs in this acquisition.

What attracted us to the business

The alliance of the two Swiss-based companies, both with a global market presence, will drive innovation, accelerate extensive high-quality production capabilities, and deliver the cutting-edge chemical and biological expertise, technical excellence, and a wider range of services to address the dynamic needs of the global pharmaceutical industry.

Our value creation strategy

With the strategic backing of 65 Equity Partners to drive long-term company growth and innovation, the new group is uniquely positioned for growth in an industry underpinned by strong structural tailwinds.

Website: hashealthcare.com

Tuya

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a smart solutions developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Who we partnered with

As a shareholder of Tuya, 65 Equity Partners will support the Tuya management team in the company’s next phase of growth. The Asia-Pacific region, particularly Southeast Asia, represents an enormous opportunity for Tuya as it is a fast-growing emerging market. 65 Equity Partners will work with Tuya on its international expansion strategy and a potential future additional listing on the SGX.

What attracted us to the business

Tuya is the leading third-party Platform-as-a-Service (PaaS) company within the Business-to-business (B2B) consumer Internet of Things (IoT) sector globally. Given its established developer community, well-built product offerings and strong R&D capabilities, it is at the forefront of development and innovation in the IoT value chain, a sector with attractive long-term tailwinds.

Company Website

https://ir.tuya.com/overview/default.aspx

Kendra Scott

Founded in 2002 by Kendra Scott, her namesake lifestyle brand offers Fashion, Demi-Fine and Fine Jewelry, watches, engagement rings, fragrances, home accessories, and men’s accessories. Kendra Scott’s customer-centric omni-channel approach includes a network of 130+ experiential direct retail stores, direct to consumer, as well as wholesale partners including Target, Nordstrom, Bloomingdale’s, Dillard’s, and 850+ specialty boutiques. Kendra Scott is known for its design and material innovation, use of color, and signature shapes. The company remains true to its founding philosophy of “Family, Fashion, and Philanthropy,” hosting nearly 25,000 events a year across its markets and donating over $65M to philanthropic organizations since 2010.

Who we partnered with

65 Equity Partners partnered with Founder & Executive Chairwoman Kendra Scott and the company’s management team.

What attracted us to the business

Kendra Scott has over 20 years of growth, highly loyal customer base, and compelling omni-channel go-to-market execution across retail, ecommerce, and wholesale. Additionally, Kendra Scott is well positioned to capitalize on an ongoing secular tailwind as consumer demand shifts towards branded jewelry.

Our value creation strategy

We will work closely with the Kendra Scott team to support the brand’s continued expansion across channels, geographies, and categories.

Website
kendrascott.com

Hi-P

Hi-P International is a leader in the advanced manufacturing sector. Headquartered in Singapore, Hi-P provides best-in-class one-stop advanced manufacturing capabilities and services to a diverse and high-quality customer base, comprising leading global players in the consumer goods and electronics, e-commerce, electric automotive and medical devices industries. Hi-P’s global manufacturing footprint encompasses multiple manufacturing plants across various jurisdictions including in China (Shanghai, Chengdu, Xiamen, Suzhou and Nantong), Singapore, Philippines, Vietnam, Malaysia, India and Thailand. It has also established marketing and engineering offices in China, Singapore, Taiwan, Germany and the USA.

Who we partnered with

65 Equity Partners is working alongside Executive Chairman and Founder, Mr Yao Hsiao Tung, a successful entrepreneur who has led Hi-P’s evolution, as well as its experienced management team, to support Hi-P’s growth.

What attracted us to the business

We are attracted to Hi-P’s established market position and robust track record as one of the leading advanced manufacturers in Asia, with a diverse blue-chip customer portfolio, many of whom are among the top global players in their respective industries. With its extensive Asian presence, Hi-P is well-positioned to capitalise on the increasingly fragmented supply chain.

Our value creation strategy

We aim to leverage our expertise and global network to support Hi-P’s management team in strengthening its corporate governance and leadership development strategies as Hi-P works towards an eventual public listing. We will also work closely with the management team on a wide range of organic and inorganic growth initiatives.

Website

https://www.hi-p.com