Southeast Asia · Private Equity
Headquartered in Singapore. Dedicated to transforming mid-market businesses into regional and global champions.
Discover Our ApproachPrimeMovers Equity believes that operational excellence is the foundation of sustainable value creation. We partner with management teams to build businesses that endure.
We specialise in mid-market companies headquartered across Southeast Asia, with deep focus on Industrial & Manufacturing, Knowledge-Based Services, Healthcare, and Consumer-related industries.
Our Investment Strategy
About the Firm
At PrimeMovers Equity, we bridge the gap between financial capital and operational excellence. Headquartered in Singapore, we specialise in investing in and transforming businesses into regional and global champions.
Our approach is built on the belief that long-term value is created on the factory floor, from the field, and in the service centers- wherever people, process, and purpose converge to deliver excellence.
PrimeMovers Equity focuses on elevating human potential, improving operational processes, and creating long-term sustainable value across its portfolio companies. We are not passive capital allocators. We are operators first, investors second.
PrimeMovers Equity's mission is to partner with mid-market companies across Southeast Asia, driving growth and transformation through operational excellence. We invest in businesses with strong fundamentals and work alongside management teams to unlock their full potential.
We work alongside management teams as true partners, sharing in both the challenges and successes of transformation.
We operate with transparency, honesty, and the highest ethical standards in all our dealings.
We pursue operational excellence relentlessly, setting the highest standards for ourselves and our portfolio companies.
We build for the long term, creating durable value that endures beyond our ownership period.
Acknowledged as the catalysts of innovation and success. We aim to elevate human potential and place people at the forefront of the company's and its invested entities' endeavors.
This is represented by the Growth and Transformation through Operations (GTO™) framework that we seek to implement in every portfolio company, in the process transforming businesses and generating strong returns.
Purpose acts as the compass that guides PrimeMovers Equity's initiatives, defining the underlying motivation behind its efforts, which is to build better businesses.
Investment Strategy
PrimeMovers Equity partners closely with management teams to create value through operational transformation initiatives. We are active owners, embedded in the businesses we invest in and driving meaningful change from within.
We work with businesses in complex situations, identify creative, practical solutions and leverage our operational strengths to build platform companies that are leaders in their own areas.
We deal with complex transactions, including corporate carve outs, public-to-private, founder-owned businesses and ownership transitions. We have consistently been able to execute bolt-on acquisitions and achieve post-merger integration successfully.
We partner with management teams to implement growth and transformation through operation – GTO™ initiatives. This involves having a project management office within portfolio companies and diving deep to identify, refine and implement operational changes in an all-hands engaged approach.
We help to institutionalise organisations and transform them into regional or global champions. In the process, we create shareholder value.
Industrial & Manufacturing
Precision engineering, die casting, machining and industrial systems across Southeast Asia.
Knowledge-Based Services
Technology-enabled services, SCADA systems and integrated infrastructure solutions.
Healthcare (Manufacturing & Services)
Healthcare manufacturing and services businesses with strong market positions.
We seek acquisitions at attractive valuations that provide a margin of safety and strong return potential.
We target companies where our GTO™ framework can drive meaningful operational transformation and value creation.
We invest in businesses with resilient market positions, essential products, and diversified customer bases.
GTO™ is the DNA of PrimeMovers Equity and is the main toolkit we apply in creating value for our portfolio companies.
GTO™ is the DNA of PrimeMovers Equity and is the main toolkit we apply in creating value for our portfolio companies.
GTO
Focus on business fundamentals through cost management, balance sheet, KPIs, culture and governance
Achieve operational excellence through procurement transformation and lean manufacturing, factory floor efficiency and better resource / machine utilisation
Accelerate growth sustainably by increasing Average Selling Price, managing product portfolio and margins efficiently, and undertaking strategic M&A to capture full industry potential
Prepare for the future through digital transformation
Incorporate environmental, social, and governance (ESG) factors in investment decisions and active ownership, and use these as a competitive edge in the marketplace
Institute a purpose-driven approach by embedding a shareholder value creation mindset, and incorporating sustainable practices
Portfolio
PrimeMovers Equity invests in and actively manages companies across selected high-value industries in Southeast Asia. Each portfolio company benefits from our GTO™ methodology and the full operational resources of the firm.
Precision Engineering
Engtek is a market leader in aluminium die casting and precision engineering for diversified industries, including HVAC, semi-conductor, automotive, telecommunications and data storage. The company is headquartered in Penang with manufacturing sites in Johor, Penang and Manila.
View Company Details →Industrial & Manufacturing
A leading engineering consultant specializing in Process Control, Process Safety System, Automation and Control System, Digital and OT Cyber Security, serving marine, oil & gas, petrochemical, power generation and water treatment industries.
View Company Details →
Precision Engineering
A precision machining and engineering group delivering high-tolerance components for technology and industrial customers globally.
Industrial & Manufacturing
A leading engineering consultant specializing in Process Control, Process Safety System, Automation and Control System, Digital and OT Cyber Security.
Industrial & Manufacturing
A precision engineering group manufacturing components and sub-assemblies for global customers across multiple industries.
Industrial & Manufacturing
A manufacturing business undergoing operational transformation and regional expansion under PrimeMovers Equity's GTO™ framework.
Engineering Services
A leading Singapore-based manufacturer specializing in high-quality sheet-metal fabrication, precision machining, welding and modular sub-assembly.
Portfolio information is provided for reference purposes only. PrimeMovers Equity does not publish detailed financial information relating to portfolio company performance.
Leadership
Our leadership team brings together decades of combined experience in private equity investing and operational transformation across Southeast Asia. Working together since 2010, this rare continuity defines how we operate and invest.
Co-Founder, CEO and Partner
Soo Jin is a co-founder of PrimeMovers Equity with deep experience in investment execution, portfolio management, and institutional transformation initiatives across Southeast Asia.
Her expertise spans sourcing, due diligence, structuring, and post-investment value creation, with particular strength in institutionalising portfolio companies for long-term regional growth.
LinkedIn Profile
Co-Founder and Partner
Randy is a founding member of PrimeMovers Equity with extensive experience in private equity investing and operational transformation across Southeast Asia. He served as co-head of the Platinum Equity team in Singapore from its establishment in 2013.
His investment philosophy is rooted in operational engagement, working closely alongside management teams to identify and execute on structural improvements that deliver durable, long-term returns.
LinkedIn Profile
Founder, NUH Stem Cell Transplant Service
Founder & Former CEO, Fisher-Tech
Founder & CEO, Racer Medical
The founders of PrimeMovers Equity have invested alongside each other for more than fifteen years, through economic cycles, across jurisdictions, and across sectors. This continuity of partnership is a fundamental competitive advantage and a reflection of the trust that underpins everything we do.
Latest Updates
PrimeMovers Equity's affiliated entity Elixir II completes the acquisition of Willowglen's operations in Singapore and Malaysia.
Read Announcement →PrimeMovers Equity successfully completes the take-private of Spindex Industries Limited in partnership with Hong Wei Holdings Ltd.
Read Announcement →Results of the court-convened meeting regarding the proposed scheme of arrangement for the privatization of Spindex Industries Limited.
Read Announcement →PrimeMovers Equity strengthens its leadership team with the appointment of a new Managing Director.
Read Announcement →PrimeMovers Equity expands its operating capabilities with the appointment of a new Operating Partner.
Read Announcement →PrimeMovers Equity announces its intention to privatise Spindex Industries Limited in partnership with Hong Wei Holdings Ltd.
Read Announcement →PrimeMovers Equity announces the acquisition of Excel Marco Industrial Systems, a regional industrial and material handling solutions provider.
Read Announcement →Engtek Group, a PrimeMovers Equity portfolio company, announces the acquisition of Techcom Technology to expand its engineering capabilities.
Read Announcement →PrimeMovers Equity announces a key addition to its leadership team with the hiring of a new Managing Director.
Read Announcement →Engtek Group successfully completes the acquisition of Asaba Manufacturing Philippines as part of its regional expansion strategy.
Read Announcement →PrimeMovers Equity, in partnership with Lingotto, completes the acquisition of Engtek Group, a precision engineering platform.
Read Announcement ->
Responsible Investment
PrimeMovers Equity integrates Environmental, Social and Governance (ESG) considerations throughout the full investment lifecycle, from initial sourcing through to exit. We believe responsible ownership and superior returns are complementary, not competing, objectives.
The firm aims to become a signatory to the Principles for Responsible Investment (PRI), reflecting our commitment to internationally recognised standards in responsible investment practice.
We identify ESG risks and opportunities during initial screening and due diligence. Material ESG factors influence our assessment of every investment candidate.
ESG considerations are formally incorporated into investment memoranda and, where appropriate, into investment agreement terms and management warranties.
During our ownership period, we execute ESG initiatives as part of the broader onboarding, active engagement, and ongoing monitoring of each portfolio company.
Responsible ESG management enhances business quality and value creation prior to exit, making our companies stronger on every dimension that matters to buyers.
Responsible investment is central to how we select companies, how we manage them, and how we measure success. We hold our portfolio companies to the highest standards because we believe it is the right thing to do, and because it creates better businesses
Get in Touch
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