Sydney, Australia-based CHAMP Private Equity Group has opened an office in Singapore in hopes of finding success in the booming region. Nathaniel Childres, a managing director who has been with CHAMP since its formation seven years ago, will relocate to Singapore effective Jan. 1 to lead the city-state-based investment team.
Childres is no stranger to the region, having lived and worked in Southeast Asia during the 1990s as an attorney and foreign investment advisor with international law firm White & Case. He has also recently been leading CHAMP’s increasing activity in the region.
“One key focus for the Singapore investment team will be on supporting existing CHAMP portfolio companies in implementing Asian expansion strategies, notably bolt-on acquisitions and other strategic initiatives in the region,” Childres said. “The Singapore office will significantly enhance our capability to support our companies in identifying, acquiring and managing acquisitions and joint ventures in the wider region.”
The Singapore investment team will also focus on originating and completing middle-market acquisitions in Southeast Asia that can benefit from the firm’s network in Australia and New Zealand, as well as from the networks of CHAMP’s U.S. affiliate, Castle Harlan.
Childres is cautiously optimistic about managing a private equity business in Asia. “Having led a variety of M&A and direct investment transactions in Southeast Asia during the 1990s, and having witnessed the impact of the Asian economic crisis first hand, I am keenly aware of the risk inherent in investing in Asia. On the other hand, the scope of opportunity for Australian companies, as well as financial investors who are willing to invest the time to understand the market, is enormous,” he said.