Based on a filing dated January 22nd, 2019, Albizia Capital have acquired over 20m shares at Koufu Group Limited’s (Koufu’s) initial public offering price of S$0.63 per share, which represents a ~3.6% stake in the company. 7m shares were bought over directly from Jun Yuan Holdings Pte Ltd, Koufu’s controlling shareholder, which is 50.0% owned by Mr. Pang Lim and 50.0% owned by Mdm. Ng Hoon Tien. The acquisition of the remaining majority of 13m shares was from other shareholders.

Koufu is one of the most established and largest operators and managers of food courts and coffee shops in Singapore, with an additional presence in Macau. Koufu’s business comprises two segments – outlet & mall management and F&B retail. Under the outlet & mall management business segment, Koufu operates and/or manages food courts, coffee shops, a hawker centre and a commercial mall. Under the F&B retail business segment, it operates self-operated F&B stalls located within its food courts and coffee shops or within third party food courts as well as F&B kiosks, quick-service restaurants and full-service restaurants, amongst others. The company was founded in 2002.

Albizia Capital is an independent boutique fund management company based in Singapore. Their portfolios are managed using a disciplined, bottom-up value investing approach. They primarily invest in consumer and consumer-related listed companies across the ASEAN region. The firm was founded by Arisaig Partners alum Justin Seow.