SINGAPORE, September 22, 2023. Quadria Capital (“Quadria”), one of Asia’s largest healthcare-focused private equity firms, today announced that it has been awarded “PE Deal of the Year” at the 31st Annual Singapore Venture & Private Capital Association (“SVCA”) Awards for its acquisition of a majority stake in Straits Orthopaedics.
Straits Orthopaedics is a Malaysian global contract manufacturer that produces a full range of orthopaedic implants, surgical tools, and instruments for blue chip medical device companies around the world, and is well-positioned to tap the strong growth prospects underpinned by global secular trends of increased outsourcing and supply chain diversification for medical devices.
Ewan Davis, Partner and Head of South East Asia at Quadria Capital, said: “Since the inception of our first fund a little over 10 years ago, we have strived to build a differentiated and focused platform that serves as the preferred investment partner to the healthcare industry – the SVCA award is both humbling and a validation of our progress.”
Joseph Khoo, Managing Director at Quadria Capital, said: “We are honoured to have received this prestigious award from SVCA in recognition of our investment in Straits Orthopaedics. This award stands testament to Quadria’s long-standing ability of identifying and capturing secular healthcare trends early on, as well as our superior track record of partnering with best-in-class Asian healthcare businesses. We are excited to continue working with visionary entrepreneurs like Mr. Su to further our growth mission of changing healthcare in the region.”
By tapping its wide networks and deep experience in the sector, Quadria is in a position to provide valuable strategic support to the company. Moreover, Quadria will also work with the company to strengthen its ESG practices and align with international frameworks, with a view of maximising positive social impact. Quadria’s investment will help Straits Orthopaedics to expand its global reach, better its offerings and cement its market-leading position over the long-term.
Organised by SVCA, the annual awards celebrate the achievements of outstanding players within the Private Equity and Venture Capital industry and recognise the success of and value created through their portfolio investments.
About Quadria Capital
Founded in 2012, Quadria is an Asia healthcare-focused private equity firm with assets under management of over US$ 3.4 billion, maximising returns by investing in the high growth healthcare sector of some of the world’s fastest-growing economies in South Asia and Southeast Asia, including Healthcare Delivery, Life Sciences, Medical Technology and Associated Healthcare Services subsectors. The firm aims to create significant and sustainable shareholder value by supporting strong, professionally run, stable and scalable healthcare organisations to address the critical and undersupplied healthcare needs in Asia.
For more information, please visit https://quadriacapital.com
Investor Relations Contact
Gerald Ng, Head of Investor Relations