AIF Capital Invests US$60.5 million in Nirvana

AIF Capital is pleased to announce the investment of US$60.5 million in Nirvana Asia Limited (“Nirvana”), the largest bereavement services company in Southeast Asia, by AIF Capital Fund IV and its co-investors.

Headquartered in Malaysia, Nirvana has operations spanning over more than 1,000 acres and wholly or jointly owns 11 memorial parks and funeral complexes in Malaysia, Singapore and Indonesia, with operations to be launched in Thailand in the near future. Nirvana caters mainly to ethnic Chinese Buddhist population on a pre-need basis, offering a full range of products and services including parks, columbaria, monuments, preparation and memorial services.

About AIF Capital

AIF Capital (www.aifcapital.com) is one of Asia’s long-standing independent private equity firms and is focused on mid-market growth opportunities in emerging Asia. The Firm has an established track record of over 19 years in implementing a pan-regional strategy of identifying and growing companies as well as steering them through multiple major economic cycles.

Since its inception in 1994, AIF Capital has received investor commitments in excess of US$2.0 billion and provided capital for expansion and buy-outs through 39 investments in nine Asian countries. Its team of 20 investment professionals across its offices in Hong Kong, Beijing, New Delhi and Singapore oversees a diversified pan-Asian portfolio of investments across various sectors. These include healthcare & pharmaceuticals, supply chain management, equipment leasing & logistics, consumer, bereavement care services, financial services and industrial manufacturing.

Limited partners in AIF Capital-managed funds include major corporate and government pension and investment funds, insurance companies, financial institutions, as well as multilateral agencies and family offices from North America, Australia, Asia, the Middle East and Europe.

For further questions, please contact Peter Amour or Doris Ng at +852-2912-7888 or email inquiries to info@aifcapital.com

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