First operators,
then investors
We bring real operating experience not just financial capital.
Singapore · Private Equity
First operators,
then investors.
Headquartered in Singapore. Dedicated to transforming mid-market businesses into regional and global champions.
Discover Our Approach>60
Years of Experiences
From Founders
6
Acquisitions
To Date
2
Specialized
Industries
6
Pillar GTO
Framework
Latest
News & Insights
News
About the Firm
Operators First.
Transformational Investors.
>60
Years of experience from founders
6
Acquisitions to date
2
Specialized industries
Our Philosophy
Building better businesses through elevating human potential and transforming business operationally.
Southeast Asia's Dedicated
Operator-Investors
Headquartered in Singapore. We invest and transform businesses into regional and global champions.
Operators
First.
We embed ourselves in every business we invest in, working directly with management to drive operational change. This is our DNA.
Transformational
Investors.
Every business decision is anchored in long-term value creation. We bring the discipline and rigor of institutional investing to every engagement, protecting capital while unlocking growth potential for sustainable returns.
Our Vision
Build Better
Build Better
Businesses.
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.
Our Mission
Transforming Businesses Into Regional and Global Champions.
PrimeMovers Equity's mission is to partner with mid-market companies primarily 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 greater potential.
Core Values
Principled Stewardship
Manage resources and businesses responsibly through ethical leadership, sound governance and prudent capital allocation.
Respect
Treat everyone with dignity, fairness and empathy, building trusted relationships through openness, collaboration and mutual respect.
Integrity
We do what is right, even when it is difficult. Acting with honesty, transparency and accountability honoring our commitments to earn trust.
Mission Driven
Partner with management teams to build better businesses through commercial and operations excellence, disciplined stewardship and sustainable growth.
Excellence
We pursue excellence in every investment by combining disciplined execution, operational expertise and a commitment to building better businesses.
People.
We believe that sustainable value creation starts with people. Developing talent, empowering leaders and creating a performance enabling workplace is essential for a business to tap their greater potential.
Process.
Strong processes are the core of our GTO™ change management framework driving continuous improvement and innovation for scalable operations transformation.
Purpose.
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
Operations Driven
Investors
Our Approach
PrimeMovers Equity partners closely with management teams to create value through operational transformation. As active owners, we drive meaningful change.
Our Competitive
Value Proposition
Operations-driven investors partnering with leadership teams to create sustainable value. Investing where we can make a difference.
First operators,
Partnership
Model
We work alongside management teams to empower people, unlock potential, and build stronger, scalable businesses.
Responsible
Stewardship
We actively guide and strengthen businesses to maximize long-term value through strategic capital allocation and capability development.
Where We Invest
We are opportunistic and sector agnostic but tend to focus on industries we know well:
Industrial & Manufacturing
Knowledge-Based Services
Our Value Creation Framework
Six integrated pillars. One shared purpose: Build better businesses.
1
GTO™ 1.0
Back to Basics
2
GTO™ 2.0
Operational Excellence
3
GTO™ 3.0
Growth Acceleration
4
GTO™ 4.0
Future Ready
5
GTO™ 5.0
Responsible Stewardship
6
GTO™ 6.0
People & Purpose
Build resilient businesses through disciplined commercial, financial, operations & governance rigor.
Establish best in class operations through disciplined execution, continuous improvement and scalable processes that drive value creation.
Unlock sustainable growth potential by strengthening market position, expanding capabilities and pursuing strategic acquisitions.
Prepare the business for long-term success through digital transformation, innovation, enterprise risk management & future focus capabilities.
Protect & grow enterprise value through disciplined governance, prudent capital allocation, responsible ownership & sustainable business practices.
Empower people, strengthen leadership and build a purpose driven culture that supports performance & long-term value creation.
Portfolio
Our Portfolio
OUR PORTFOLIO
Transforming Businesses
PrimeMovers Equity invests in and actively manages companies across high-value businesses. Each portfolio company benefits from our GTO™ methodology and the full operational resources of the firm.
Portfolio Companies
Current & Historical Investments
Industrial Automation
Willowglen
A regional industrial automation business spanning Singapore and Malaysia, focused on SCADA, control systems and related engineering solutions.
Announced
Precision Engineering
Spindex Industries Ltd.
A precision engineering group manufacturing components and sub-assemblies for global customers across multiple industries.
Current Investment
Industrial Automation
Excel Marco Industrial Systems
A leading system integrator delivering control and safety automation solutions, with a full suite of DCS, PLC and SCADA capabilities across Asia.
Current Investment
Precision Engineering
Techcom Technology
A leading Singapore-based manufacturer specializing in high-quality sheet-metal fabrication, precision machining, welding and modular sub-assembly.
Current Investment
Precision Engineering
Asaba Manufacturing
A leading manufacturer specializing in die casting and precision machining components for the Japanese automotive industry, with a Laguna plant powered by 100% renewable hydroelectric energy.
Current Investment
Precision Engineering
Engtek Group
A precision machining and engineering group delivering high-tolerance components for technology and industrial customers globally.
Current Investment
Leadership
Team
OUR TEAM
The People Behind the Firm
Our leadership team brings together decades of experience in private equity investing and operational transformation. Having worked together since 2010, we leverage this rare continuity to guide how we operate and invest.
Leadership
Founders
Soo Jin Goh
Co-Founder, CEO and Partner
Soo Jin is Co-Founder, CEO and Partner of PrimeMovers Equity. Soo Jin has more than 25 years of experience in private equity, consulting and executive management. He was previously with Goldman Sachs, Temasek Holdings, Kearney and Babcock & Brown before becoming a Director at Standard Chartered Private Equity and Board Director at Infastech.
Prior to co-founding PrimeMovers Equity, Soo Jin was Managing Director and Head of Platinum Equity M&A team in Singapore.
Randy Teo
Co-Founder and Partner
Randy is Co-Founder and Partner of PrimeMovers Equity. Randy has more than 35 years of industry and private equity experience. He was formerly the President of Stanley Black & Decker (Engineered Fastening Division), CEO/ President of Infastech and Asia Pacific President of Acument Global Technologies and Textron Asia (Engineered Fastening Division).
Prior to co-founding PrimeMovers Equity, Randy was Principal and Co-head of Platinum Equity M&A team in Singapore.
The People Behind the Firm
Team
Strategic Counsel
Our Advisors
Peter Tan
Founder & Former CEO, Fisher-Tech
Willy Koh
Founder & CEO, Racer Medical
Our Distinction
Continuity. Conviction. Capability.
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 strategic advantage and a reflection of the trust that underpins everything we do.
Latest Updates
News & Announcements
Our Announcements
August 3, 2026
PrimeMovers Equity Announces Appointment of Vice President, Deal Execution
PrimeMovers Equity announces the appointment of Yan Xia as Vice President, Deal Execution.
Read Announcement →April 1, 2026
Elixir II acquires Willowglen's Singapore and Malaysia Businesses for RM215.2m
PrimeMovers Equity's affiliated entity Elixir II completes the acquisition of Willowglen's operations in Singapore and Malaysia.
Read Announcement →February 11, 2026
PrimeMovers Equity and Hong Wei Holdings Complete the S$165 Million Take-Private of Spindex
PrimeMovers Equity successfully completes the take-private of Spindex Industries Limited in partnership with Hong Wei Holdings Ltd.
Read Announcement →December 19, 2025
Results of Court Meeting in Relation to Privatization of Spindex Industries Limited
Results of the court-convened meeting regarding the proposed scheme of arrangement for the privatization of Spindex Industries Limited.
Read Announcement →October 15, 2025
PrimeMovers Equity Announces Appointment of Managing Director
PrimeMovers Equity strengthens its leadership team with the appointment of a new Managing Director.
Read Announcement →October 1, 2025
PrimeMovers Equity Announces Appointment of Operating Partner
PrimeMovers Equity expands its operating capabilities with the appointment of a new Operating Partner.
Read Announcement →September 26, 2025
PrimeMovers Equity and Hong Wei Holdings to Privatise Spindex Industries
PrimeMovers Equity announces its intention to privatise Spindex Industries Limited in partnership with Hong Wei Holdings Ltd.
Read Announcement →April 17, 2025
PrimeMovers Equity to Acquire Excel Marco
PrimeMovers Equity announces the acquisition of Excel Marco Industrial Systems, a regional industrial and material handling solutions provider.
Read Announcement →November 11, 2024
PrimeMovers Equity's Engtek to Acquire Techcom Technology
Engtek Group, a PrimeMovers Equity portfolio company, announces the acquisition of Techcom Technology to expand its engineering capabilities.
Read Announcement →March 1, 2024
PrimeMovers Equity Announces Hiring of Managing Director
PrimeMovers Equity announces a key addition to its leadership team with the hiring of a new Managing Director.
Read Announcement →February 23, 2024
Engtek Completes Acquisition of Asaba Manufacturing Phils, Inc
Engtek Group successfully completes the acquisition of Asaba Manufacturing Philippines as part of its regional expansion strategy.
Read Announcement →July 10, 2023
PrimeMovers Equity and Lingotto Completes Acquisition of Engtek Group
PrimeMovers Equity, in partnership with Lingotto, completes the acquisition of Engtek Group, a precision engineering platform.
Read Announcement ->
Headlines About Us
-
The Star
April 4, 2026 Pursuing the Elixir of growth
- The Edge Malaysia
-
Singapore Business Review
February 13, 2026 Spindex to delist after $165m PrimeMovers and Hong Wei acquisition
-
Singapore Business Review
October 25, 2025 Transformational M&A delivers outsized returns for Singapore firms
- AVCJ
-
Singapore Business Review
October 1, 2025 Skyline II to acquire Spindex Industries
-
Deal Street Asia
September 29, 2025 PrimeMovers Equity-led consortium to privatise SG's Spindex in $127m deal
- The Edge Singapore
- MTI Singapore
-
Buletin Mutiara
September 11, 2024 Penang's EngTek Group celebrates 50 years of manufacturing excellence
-
The Edge Singapore
February 22, 2024 PrimeMovers bucks PE downturn with focus on financing and operations
- AVCJ
- Nikkei Asia
- DealStreetAsia
- New Straits Times
- The Business Times
- The Business Times
Responsible Stewardship
Responsible Stewardship
at Every Stage of Ownership
OUR COMMITMENT
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.
ESG Process
Integrated Across the Investment Lifecycle
01
Deal Sourcing
We identify ESG risks and opportunities during initial screening and due diligence. Material ESG factors influence our assessment of every investment candidate.
02
Investment Decision
ESG considerations are formally incorporated into investment memoranda and, where appropriate, into investment agreement terms and management warranties.
03
Ownership
During our ownership period, we execute ESG initiatives as part of the broader onboarding, active engagement, and ongoing monitoring of each portfolio company.
04
Exit
Responsible ESG management enhances business quality and value creation prior to exit, making our companies stronger on every dimension that matters to buyers.
Our Commitment
Long-Term Stewardship
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
Contact Us
Registered Office
PrimeMovers Equity (S) Pte Ltd6 Battery Road, #03-01
Singapore 049909
Telephone
Enquiries