YYC Partners with SeaTown to Accelerate Growth

YYC Holdings has entered into a definitive investment agreement with SeaTown Private Capital Master Fund to support its growth ambitions.  

Singapore, 2 May 2024 – We are pleased to announce that we have entered into a definitive investment agreement with SeaTown Private Capital Master Fund. SeaTown Private Capital Master Fund is managed by SeaTown Holdings International (“SeaTown”), a leading Asia-focused alternative investment firm founded in Singapore. YYC Holdings is a member of the YYC Group (“YYC”), a prominent group providing professional services in Malaysia. 

This new strategic partnership aims to accelerate YYC’s growth strategy, providing our company with access to SeaTown’s deep expertise, international network, and capital resources. Proceeds from the investment will be earmarked to fund a series of planned acquisitions of professional services businesses in Southeast Asia to broaden YYC’s portfolio of offerings to better serve clients across the region.  

“We are excited to partner with such a trusted and reputable firm as SeaTown as we embark on the next chapter of our growth journey in the region,” said Yap Zhi Chau, Chairman of YYC. “Their strategic investment and ongoing support will be instrumental in propelling our growth strategy in the years to come, and we look forward to building an industry-leading professional services firm together.” 

YYC was founded in 1974 as a family-run accounting firm supporting local Malaysian businesses. Over the past two decades, we have made 15 mergers and acquisitions. Today, we are a multinational company with more than 900 employees serving over 20,000 clients from its offices in major cities, including Kuala Lumpur, Selangor, Johor, Penang, and Singapore. We offer a diverse range of services, including accounting, taxation, corporate secretarial, corporate advisory, payroll outsourcing, and executive training programs. 

“We are honoured to partner YYC on this new chapter of their growth. The company has a demonstrated track record of building a scalable platform through collaborative acquisitions in a highly resilient sector. Their unique decentralized management approach provides a safe harbour for talented partners to better serve their clients with a high degree of operational autonomy and accountability. YYC also enhances success by providing technical expertise and resources to support their partners’ growth,” explained Dickson Loo, Managing Director of SeaTown. 

“Beyond this, the leadership team has consistently shown high standards of integrity and a strong commitment to continuous innovation in the services they bring to market for their clients. We look forward to playing a part in their continued success and supporting them in executing their vision,” added Dickson.

In conjunction with this partnership milestone, YYC’s Singapore-based subsidiary Agere Accounting & Advisory (“Agere”), which joined the YYC network in 2019, will be rebranding to YYC Corporate Services Pte Ltd. The brand transition further deepens YYC’s presence in Singapore and builds on its commitment to empowering network partners and clients in this key market. 

"We are confident that the new identity will resonate with clients, partners, and stakeholders alike," said Yap. "YYC's success has been built on trusted relationships with business owners and entrepreneurs in the professional services industry, like those at Agere, who choose to join our platform. It is through these long-term relationships that we are able to deliver tailored solutions that meet the evolving needs of our clients."

About YYC:

YYC is a leading professional services firm in Malaysia, offering a comprehensive range of services that include accounting, taxation, audit, business advisory, and corporate services to businesses. Founded on a commitment to excellence and a passion for helping clients achieve their financial and business goals, YYC has grown significantly since its inception in 1974. 

To date, YYC has grown its dynamic team to over 900 employees based in Kuala Lumpur, Selangor, Penang, Johor and Singapore, serving more than 20,000 clients across Malaysia, Singapore and other countries. YYC’s team of experts leverages extensive experience and industry knowledge to provide tailored solutions that meet the unique needs of each client with a focus on innovation, quality, customer satisfaction and making a positive impact in the business community. 

For more information on YYC, please visit: https://www.yycadvisors.com/

About SeaTown:

Founded and headquartered in Singapore since 2009, SeaTown is a leading Asia-focused alternative investments firm with deep expertise across private and public markets. Owned by Seviora Holdings, Temasek’s asset management group, SeaTown is a trusted steward of capital, investing alongside its investors in conviction-driven strategies. 

SeaTown’s alternative investment fund platform offers its international investors exposure to highly specialised private equity, private credit, and thematic absolute return public markets opportunities in the region. As a partner, SeaTown strives to deliver compelling risk-adjusted returns by leveraging its extensive relationship network, decades of investing experience and astute global perspectives. 

For more information on SeaTown, please visit: https://www.seatowninternational.com/

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