PE Firm · Capital Allocator

Affinity Equity Partners

Medium
Singapore, Singapore · Founded 1998 · AUM $14 billion · Website
Leveraged BuyoutGrowth CapitalConsumerMediaFinancial Services healthcareTechnologyIndustrialFood & BeverageKoreaSoutheast AsiaGreater ChinaAustraliaNew Zealand
Last verified
8/19/2026

Firm Overview

65
Portfolio tracked
6
Sectors
5
Regions
8/19/2026
Last verified

Affinity Equity Partners is a Pan-Asian private equity firm specializing in leveraged buyouts and growth capital transactions across the Asia-Pacific region.

Affinity Equity Partners is one of the pioneer private equity firms in Asia, having commenced its investment activities in 1998. The team was originally established as UBS Capital Asia Pacific, serving as the Asian private equity arm of UBS AG. In 2004, the firm was spun out as an independent entity and is currently owned and operated by its founding partners who have worked together for over two decades.

The firm operates as a Pan-Asian investor, maintaining a presence in major regional hubs including Singapore, Hong Kong, Seoul, Beijing, and Sydney. As of 2023, Affinity is recognized as one of the largest independent private equity firms in the Asia-Pacific region, managing approximately US$14 billion in assets. Its fifth flagship fund, Affinity Asia Pacific Fund V, closed at US$6.0 billion, making it one of the largest funds in the region.

Affinity focuses primarily on control-oriented leveraged buyouts and growth capital investments. Its portfolio is diversified across various sectors and geographies, with a strong emphasis on opportunities in South Korea, Greater China, Australia, New Zealand, and Southeast Asia. Notable historical transactions include the acquisition and subsequent sale of major consumer and industrial brands like Oriental Brewery and Burger King (Japan/Korea).

Founded1998
HeadquartersSingapore, Singapore
AUM$14 billion
Target investment$6.0 billion (Fund V size)
Employees80+
StrategiesLeveraged Buyout, Growth Capital
Sector focusConsumer, Media, Financial Services healthcare, Technology, Industrial, Food & Beverage
Geographic focusKorea, Southeast Asia, Greater China, Australia, New Zealand

Leadership

Tang Kok Yew
Founding Chairman

Notable Investments

Burger King (Japan, Korea)Oriental BreweryKakao MKyobo Life Insurance CompanyThe Face ShopHaitai ConfectioneryPrimo SmallgoodsTegel FoodsVelocity Frequent FlyerMando Corporation

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
Affinity Equity PartnersCurrentVisit ↗
Burger King (Korea & Japan)Consumer & RetailCurrentVisit ↗
Burger King JapanConsumer/RetailCurrent
Burger King Japan / KoreaConsumer/RetailExitedVisit ↗
Burger King KoreaConsumer/RetailCurrent
CJ CGVConsumer & RetailExited
Fairchild SemiconductorTMTExited
GaldermaHealthcareExited
Haitai Confectionery & FoodsConsumer / Retail / HealthcareExitedVisit ↗
Haitian Flavoring & FoodConsumer & RetailExited
Hee-Sung GroupManufacturing / ElectronicsCurrent
Hylife FoodConsumer & RetailCurrentVisit ↗
Hyundai Card & Hyundai Capital ServicesFinancial ServicesExited
In-N-Out Burger (Southeast Asia)Consumer/RetailCurrent
Island HospitalHealthcareCurrent
Jaycar Electronics GroupConsumer / Retail / HealthcareCurrentVisit ↗
Jinxin FertilityHealthcareCurrentVisit ↗
JobStreetTechnology, Media & TelecommunicationsExited
Jobstreet CorporationTechnology/InternetExitedVisit ↗
Jobstreet Corporation BerhadTechnology / Media / TelecomExited
JobStreet.comTMTExited
Kyobo Life InsuranceFinancial ServicesCurrent
Lock & LockConsumer/RetailCurrent
Lock&LockConsumer & RetailCurrentVisit ↗
Locus TelecommunicationTechnology, Media & TelecommunicationsCurrentVisit ↗
Loen EntertainmentConsumer & RetailExited
Mando CorporationIndustrials / ResourcesExited
Masan GroupIndustrial & Business ServicesCurrentVisit ↗
MedicalDirectorConsumer / Retail / HealthcareExitedVisit ↗
MGS (Medical Global Service)HealthcareCurrentVisit ↗
MGS Manufacturing GroupHealthcare, Consumer, IndustrialCurrentVisit ↗
MGS Mfg. GroupIndustrialsCurrentVisit ↗
MGS Mfg. Group, Inc.Manufacturing / HealthcareCurrent
MOGU HoldingsConsumer & RetailCurrentVisit ↗
Mstar (Media Holding)Media & EntertainmentCurrent
Nine Entertainment Co.TMTExitedVisit ↗
Oriental BreweryConsumer/RetailExited
Pizza Hut KoreaConsumer / RetailExited
Produce & Supply (P&S)HealthcareCurrentVisit ↗
Produce Direct and Specialty Foods (PDSF)Consumer/RetailCurrent
PT Vidio Dot Com (Vidio)Media & EntertainmentCurrent
PT. Vidio Dot ComTMTCurrentVisit ↗
SERI (Singapore Eye Research Institute) Spin-off? (Various healthcare assets)HealthcareCurrent
Seriaa HoldingsIndustrial & Business ServicesCurrentVisit ↗
ServcorpBusiness ServicesCurrentVisit ↗
Servehost (Island Hospital)HealthcareCurrentVisit ↗
ServicestreamTechnology / Media / TelecomExited
Shinhan Financial GroupFinancial ServicesExited
Spiral Aris (Medical & Biological Laboratories)HealthcareCurrent
SSG.COMConsumer/RetailCurrent
Suning.comConsumer & RetailExited
TDCXBusiness ServicesCurrentVisit ↗
TE Connectivity (Automotive Business)ManufacturingExited
Tegel Group HoldingsIndustrial & Business ServicesExited
The Face ShopConsumer/RetailExited
The TEG GroupConsumer / Retail / HealthcareCurrentVisit ↗
Towngas Smart EnergyPublic UtilitiesCurrentVisit ↗
Trimco GroupConsumer/RetailCurrent
United Family Healthcare (UFH)HealthcareExited
United Test and Assembly Center (UTAC)Industrial/TMTExited
UOB Life Assurance LimitedFinancial ServicesExited
Velocity Frequent FlyerConsumer & RetailCurrentVisit ↗
WagasConsumer & RetailCurrentVisit ↗
Wall Street EnglishEducationCurrentVisit ↗
Yogiyo (Delivery Hero Korea)Technology / E-commerceCurrent

Source: www.affinityequity.com/our-portfolio

Portfolio Web Readiness

Not yet assessed

The assessment covers whether AI crawlers and search engines can reach and parse the public site, page performance, transport and security hygiene, and discoverability. 28 portfolio companies have a website on record.

Observational measurements of these companies' public websites only. Not a rating of the companies, their performance, their management, or their investment merit. Not investment advice. Request a correction or removal via Submit Update.

Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Affinity Equity Partners and does not provide investment advice.

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