Singapore, 4 November 2024 – CLA Global TS is pleased to announce its partnership with Dymon Asia Private Equity (“DAPE”) with the aim of driving growth across Southeast Asia and China. The partnership involves DAPE investing in CLA Global TS Holdings Pte. Ltd. (“CLA Global TS”).
DAPE, the private equity arm of Dymon Asia Capital, is an award-winning, Southeast Asia-focused private equity firm investing in the lower mid-market space. CLA Global TS is the leading firm in Singapore, Southeast Asia, and China for CLA Global Limited (“CLA Global”), a prominent global organisation comprising independent accounting and advisory firms that emphasize fast-growing, innovative, middle-market cross-border businesses.
“We are excited to partner with DAPE, a reputable firm with a strong track record of successful investments, as we continue to drive growth and technological advancement in the region,” said Mr. Henry Tan, Group CEO and Chief Innovation Officer of CLA Global TS. “With strong synergy between the two firms’ regional experience and the clients we serve, we believe that this strategic partnership will accelerate our growth over the next few years. We look forward to enhancing our business advisory services as a leading professional services firm in Southeast Asia and China, and to continue creating winning opportunities for our People, our Clients, and our Communities.”
CLA Global TS is an Asia-centric business advisory firm founded in 1993. Over the past three decades, CLA Global TS has built its niche expertise as an IPO consultant with numerous successful listings in regional markets, expanded its service offerings to better serve clients, and enhanced its capabilities through global connections. Today, CLA Global TS has a team of 320 professionals led by experienced leaders with over 30 years of expertise in IPO, Tax, Risk Advisory, Valuation, Insolvency & Restructuring, Sustainability & Climate Change Advisory, and more, operating from locations in Singapore, China, and Malaysia.
In a recent internal announcement, CLA Global TS shared that its former Chairman, Mr. Sitoh Yih Pin, retired from the firm on 29 October 2024. “Sitoh has been my partner since the founding of the firm called Tan & Sitoh Associates in 1993 and he has been instrumental in securing many clients for the firm and given many key strategic directions that pave the way for success of the firm today,” said Mr. Henry Tan, Group CEO and Chief Innovation Officer of CLA Global TS. “On his well-deserved retirement, I wish him all the best in whatever he desires to do.”
Mr. Keith Tan, Founder and Managing Partner of DAPE, assumed the role of Chairman of CLA Global TS effective 29 October 2024.
“We are thrilled to join forces with CLA Global TS to drive their regional expansion,” said Mr. Keith Tan, Founder and Managing Partner of DAPE. “By leveraging CLA Global TS’ strong technical capabilities, along with DAPE’s investment expertise, we will accelerate growth through organic initiatives and strategic acquisitions. Together, we aim to enhance CLA Global TS’ service offerings and expand its reach across Southeast Asia, positioning it as a leading regional professional service firm.”
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About Dymon Asia Private Equity
DAPE is an award-winning Southeast Asia focused private equity firm which invests in the lower mid-market space, and has completed 32 investments to-date. Owned and managed by Southeast Asian professionals with multi-year track record of successful investments, DAPE is managed by Dymon Asia Private Equity (Singapore) Pte. Ltd., a fund manager licensed by the Monetary Authority of Singapore, and is the private equity arm of Dymon Asia Capital. DAPE’s first fund, Dymon Asia Private Equity (S.E. Asia) Fund, L.P. was launched in October 2012 and achieved a final close of SGD 300 million. Its second fund, Dymon Asia Private Equity (S.E. Asia) Fund II, L.P. had its final close of USD 450 million in April 2018. DAPE’s latest fund, Dymon Asia Private Equity (S.E. Asia) Fund III, L.P. achieved final close of USD 650 million in September 2022.
For more information, visit www.dymonasiaprivateequity.com.
About CLA Global TS
CLA Global TS is an Asia-centric business advisory firm founded in 1993. Over the past three decades, CLA Global TS has built its niche expertise as an IPO consultant with numerous successful listings in regional markets, expanded its service offerings to better serve clients, and enhanced its capabilities through global connections. Today, CLA Global TS has a team of 320 professionals led by experienced leaders with over 30 years of expertise in IPO, Tax, Risk Advisory, Valuation, Insolvency & Restructuring, Sustainability & Climate Change Advisory, and more, operating from locations in Singapore, China, and Malaysia.
CLA Global TS is an independent network member of CLA Global Limited (CLA Global), a prominent global organisation comprising independent accounting and advisory firms focused on fast-growing, innovative, middle-market cross-border businesses. CLA Global TS represents CLA Global in Singapore, Southeast Asia, and China, serving as CLA Global’s leading firm in Asia.
For more information, visit www.cla-ts.com.
Media Contacts:
Ross Seah
Marketing Communications Manager
+65 6534 5700 (ext. 707)
rossseah@sg.cla-ts.com
Ryan Tan
Marketing Communications Associate
+65 6534 5700 (ext. 670)
ryantancw@sg.cla-ts.com