12 Dec Bravia Capital beefs up PE team
Bravia Capital beefs up PE team
The Hong Kong-based investment firm has roped in Helen Wong and Julius Wang to bolster its deal team.
Bravia Capital has hired former Lapis Global Limited founder and chief executive Helen Wong as its new chief operating officer.
Julius Wang, a former managing director of Samena Capital’s Hong Kong office, has also joined the firm this month as its portfolio manager.
With the recent appointments, Bravia Capital chief executive officer Bharat Bhise told Private Equity International that their “team is complete” to focus on investments in Asian transport and logistics.
“The trend is to do larger and larger deals and we are going against that. We are staying in the upper end of the small and medium enterprise (SME) space and the lower end of larger businesses. Our philosophy is to buy supplementary and complementary businesses, combine them, reduce overhead, increase EBITDA margins, and sell them in a relatively shorter period of time,” Bhise said.
The firm is looking to capitalise on growth opportunities in a logistics sector underpinned by strong economic growth in the Asia-Pacific region. About $5.3 trillion of infrastructure spending is expected in the region by 2025, with logistics spending alone set to grow by 85 percent or $146 billion, according to a report by PricewaterhouseCoopers.
Bravia Capital will be looking at companies that are part of the infrastructure chain, including closed body trucks, parcel businesses, liquid cargo, cold chain and hazardous waste transport, among others, Bhise said.
Established in 2009, the firm has managed equity investments of approximately $5 billion in the transportation and logistics sector and completed 12 major cross-border transactions across five continents. Its current investments include Vietnamese logistics company Bac Ky Investment, aircraft leasing company Avolon and container leasing businesses SeaCo and Cronos Group.
The firm also maintains a consulting relationship with the HNA Group, a Chinese conglomerate with core businesses in aviation and logistics.
Wong’s background includes working as a CEO of Cushman & Wakefield Capital Asia, managing director of IFIL Asia, co-CEO of Lazard Asia Fund and CFO of Pacific Century Regional Developments. She has been an investment professional for 25 years with stints at the Provisional Airport Authority in Hong Kong and the Port Authority of New York & New Jersey.
According to an investor source, Bravia is readying the launch of a fund with a strategy to invest in the high growth sectors in logistics and supply chain. The firm declined to comment on the fundraising amount and activity.
Before joining Bravia, Wang was advising HK-listed company C Cheng Holdings. He was previously a managing director for Vision Investment Management and Search Investment Advisors.