Anthem Asia is a private equity firm specializing in investments in Myanmar’s small and medium sized companies. The firm also funds expansion of existing operations or a joint venture, an acquisition or a takeover. Invests between US$100K and US$1.5M
Normal VC financing process. It starts with a pitch by startups to the VC firm. If the VC firm is interested, they will reply and give the startup a question list for commercial due diligence (CDD) purpose. If CDD turns out to be good, financial due diligence (FDD) and legal due diligence (LDD) might take place. After that, the VC firm might send a term sheet to the startups and negotiation process starts from there. When both parties reach a consensus on terms and structure of the deal, share subscription agreement (SSA) and shareholders’ agreement (SHA) would be drafted and finalized. Deal closing includes payment and documentation and report to the appropriate authority.
AnthemAsia is founded and led by 2 female Managing Directors, Josephine Price and Genevieve Heng, who are 2 seasoned investment bankers and private equity investors. AnthemAsia’s investment mandate includes businesses serving the Bottom of the Pyramid, so social enterprises will have more chance raising funds from this firm.