Symphony International Holdings Ltd Investment in MAVI Holding Pte. Ltd. ("MAVI") (0119N)
18 Janeiro 2023 - 4:00AM
UK Regulatory
TIDMSIHL
RNS Number : 0119N
Symphony International Holdings Ltd
18 January 2023
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
Symphony International Holdings Limited ("Symphony" or "SIHL")
Announces Investment in MAVI Holding Pte. Ltd. ("MAVI")
18 January 2023
Symphony International Holdings Limited (LSE: SIHL) is pleased
to announce an investment in MAVI Holding Pte. Ltd. ("MAVI"), an
Asia-Pacific focused service and solutions provider for the
insurance and automotive industry protecting and enhancing
customers' lifestyle through innovative products and services.
The parent company, MAVI, includes Biometric Asia with
subsidiaries in India and Singapore and Mavi Automotive with
footprints in India & Thailand.
Biometric Asia operates in the space of Disability and ageing
solutions protecting income and societal inclusion plus developing
care programs and lifestyle services including digital customer
engagement . It partners with leading insurers in Asia.
MAVI Automotive provides After-sales and customer experience
programs for leading automotive OEMs, their dealer & repairer
network improving customer lifestyle & loyalty .
The capital infusion will go towards setting up the
infrastructure for customer fulfilment, achieving operational
efficiency, creating digital assets and driving the growth of both
Biometric Asia as well as MAVI Automotive.
Manfred Schmoelz, Co-founder and Managing Director of MAVI said:
"We are excited to have Symphony on board as an investor, and we
are looking forward to a long-term association between our
organisations. The funds we have raised will help us reach our goal
of becoming leaders within the specialised segments we are
operating through investment in our infrastructure and
technology."
Vivek Burman, Co-founder and Managing Director of MAVI said:
"Both the insurance and automotive services are at an unique stage
of growth and shifting consumer perspectives, and our goal is to
create new products and services to help our clients grow and
attract a critical market share. Our current product offerings are
a result of the changing lifestyle of consumers and in creating new
demands in both the healthcare as well as the automotive sectors.
"
Anil Thadani, Chairman of Symphony's Manager, said: "With this
new partnership, we are delighted to increase our participation in
the new consumer growth story in India, Singapore and Thailand
through MAVI's varied tech-enabled consumer offerings, with care
and service at the heart of the brand. We look forward to our
partnership with Manfred & Vivek and their team as they
continue to innovate their way into being one of the top brands in
the markets they are in."
About Mavi Holding
MAVI (the corporate brand of Mavi Holding Pte. Ltd.) is a
service and solutions provider for the insurance and automotive
industry protecting and enhancing customers' lifestyle . MAVI's
vision is to become Asia Pacific's largest tech-driven specialised
insurance and automotive services provider and customer engagement
company with focus on excellence.
You can visit https://mavi-holding.com and
https://biometric.asia/ for more on MAVI's brands.
For further information:
Symphony Asia Holdings Pte. Ltd. +65 6536 6177
Anil Thadani
Rajgopal Rajkumar
Dealing codes
The ISIN number of the Ordinary Shares is VGG548121059, the
SEDOL code is B231M63 and the TIDM is SIHL.
The LEI number of the Company is 254900MQE84GV5DS6F03.
About Symphony
Symphony International Holdings Limited (LSE:SIHL) is a London
listed strategic investment company that invests in consumer
related businesses, primarily in the healthcare, hospitality,
lifestyle (including branded real estate developments), logistics,
education and other sectors, including businesses that are
technology-enabled and based predominantly in Asia. It offers a way
for investors to gain exposure to rising disposable incomes and
wealth in fast growing economies. Symphony's objective is to
provide superior capital growth by investing in high quality
companies and form long-term business partnerships with talented
entrepreneurs and management teams. Symphony's investment team has
a broad range of expertise - many of its professionals have been
working in Asia for more than 35 years. For more information please
visit our website at www.symphonyasia.com .
No representation or warranty is made by the Company as to the
accuracy or completeness of the information contained in this
announcement and no liability will be accepted for any loss arising
from its use.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Company in
any jurisdiction. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment
decisions.
This announcement is not an offer of securities for sale into
the United States. The Company's securities have not been, and will
not be, registered under the United States Securities Act of 1933
and may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no
public offer of securities in the United States.
The Company and the Investment Manager are not associated or
affiliated with any other fund managers whose names include
"Symphony", including, without limitation, Symphony Financial
Partners Co., Ltd.
End of Announcement
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