PLATFORMS
EXS has built a strong track record of successful partnerships with both management teams & investors, with over US$1 billion of completed & ongoing investments across Asia
ONGOING PROJECTS
EPIC VCC Fund
EXS Property Innovation Concepts VCC Fund ("EPIC") targets investments into market leading Social Real Estate ("SRE") businesses, including co-working, co-living, student housing, remote working, new hospitality and fitness, and invest through an unique OpCo/PropFund strategy that allows SRE businesses to act like owner-operators, capturing full value of both the business as well as the underlying real estate. EPIC's current portfolio include:
PROJECT VOYAGER
Mad Monkey is one of Southeast Asia's leading hostel operators, having organically grown across 6 countries since its founding in 2011. The Company successfully operates a unique & profitable experience-led business model, with a young and diverse customer base who seek to explore the region
In partnership with EXS, the Company is expanding its presence across the region, building a strong tech ecosystem, and acquiring the underlying property to capture the full value uplift generated as a result of its strong guest traffic
PROJECT BEYOND
The company is a leading remote working operator that sells co-working, co-living and travelling experience in Southeast Asia, and has established presence in Europe and the Americas.
The company, with which EXS is forming a partnership, has co-working-and-living-combined sites across a number of cities, and have attracted young entrepreneurs and travelers who embrace the new trend of remote-working while travelling
PROJECT ZOEYI
ZOEYI is seeking investment and business opportunities in the rapidly growing fitness, yoga, nutrition and wellness space across Asia. Established in Singapore in 2020, ZOEYI’s business development and strategy is led by Cora Lee, an ex-investment banker and recognized wellness expert, advanced yoga teacher and certified nutrition coach.
EXS is partnering with ZOEYI and sponsor integrated fitness, nutrition and wellness community ecosystem with physical spaces and online presence across Asia
EXS TRACK RECORD
Project Lemongrass
Location
Ho Chi Minh City, Vietnam
Business
Luxury residential, office & hospitality real estate developer
Background
SonKim Land was established in 2007 as a small family business, part of the SonKim Group and led by Chairman Tuan
After forming a partnership in 2013, EXS led 3 rounds of investment into the company over the course of 6 years, totaling nearly US$200 million of invested capital, and growing the company from 26 to 350 people
SonKim Land used the funds to develop various real estate projects in Ho Chi Minh City, and today is one of the leading real estate developers in Vietnam
Project Arsenal
Location
Tokyo, Japan
Business
Takeover of listed Tokyo residential REIT & REIT manager
Background
The residential's sponsor was badly hurt by the 2008-09 downturn in the Japanese property sector and was perceived as "weak"
As a result, the REIT units were trading badly, and punitive interest rates were imposed on the REIT debt by the bank
While several other parties were interested in taking over the REIT, EXS successfully worked with the REIT sponsor’s CEO and senior management to close a deal where an activist investor acquired a large portion of the REIT units from the REIT sponsor and other investors to acquire an effective controlling stake
Project Byblos
Location
China
Business
Buyout of distressed shareholder in residential development
Background
Property development business was restricted due to the distressed situation of the existing foreign shareholders
The company's management was looking to acquire full control of the company and expand the business
EXS engineered a preferred structure and successfully led the offshore financing, enabling the management team to achieve their goal and providing investors with strong IRR and share of the additional profits
SENIOR MANAGEMENT TRACK RECORD
Shui On Land
Converted preferred investment into successful new China venture by leading Hong Kong developer
US$4 billion IPO in Hong Kong
Asia Broadcast Satellite
Created of leading Asian satellite company by combining experienced team + distressed satellite assets
Exit to PE firm via trade sale
Harbin Brewery
Consolidated many local breweries into regional leader for exit to global players
Sold to Anheuser-Busch
Securus Data Property Fund
Led a Pan-Europe/Asia data centre fund; whose assets formed part of the portfolio of Keppel DC REIT, the first pure-play data centre REIT in Asia
50% stake in management platform sold to Keppel