Youngtimers AG is headquartered in Basel and has been listed in Switzerland since 2000.
Following its recent acquisition of APAC-focused global asset management firm C Capital in November 2024, the company confirmed it has signed a non-binding term sheet to acquire Australian-based Richmond Funds Management.
The local fund manager will later be rebranded to C Capital Australia upon completion of the transaction.
The announcement marks a “major step” in its APAC expansion, Youngtimers AG stated, having already grown its presence across China and beyond, including the US and Portugal.
The firm is also seeking to further expand to new markets in the Middle East, Korea, Singapore and other parts of the Asia-Pacific region.
With over US$200 million ($317 million) in assets under management (AUM), Richmond Funds Management’s current portfolio includes private equity, private credit, real estate and renewable energy projects.
Ben Cheng, Youngtimers AG chief executive, said the potential acquisition of Richmond Funds Management is a key step in solidifying its development to becoming 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,” he said.
Henry Lee, co-founder of Richmond Funds Management, said: “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.”
The transaction is scheduled to close on or before 30 June 2025, while the company will provide further information in due course.
C Capital manages more than US$800 million ($1.3 billion) in AUM, with a focus on Asia Pacific growth-stage investments across the consumer and technology sectors.
In addition to owning 100 per cent of C Capital, Youngtimers AG also owns JAKOTA Index Portfolios Inc, a stock index licensing and independent research firm. JAKOTA owns and operates the family of JAKOTA stock indices, benchmarking performance of publicly traded shares in Japan, South Korea and Taiwan.
