news
News Release in Year 2007
 

California Clean Tech Open

15th November 2007

 

Mr Michael Wu, Managing Director of 3V SourceOne Capital based in the US, served as a judge for the Finals of this unique competition. Participating teams focussed solely on clean technology and were prepared to take their innovations to the marketplace.


It was organized by Acterra: Action for a Sustainable Earth, a nonprofit based in Palo Alto, California and supported by a diverse array of businesses, educational institutions, government leaders and private individuals. This competition was run by a group of volunteers including business professionals, scientists, environmentalists and entrepreneurs.

 

Investment in Kidscape Singapore Pte Ltd

22th October 2007

 

3VS1 Asia Growth Fund Ltd invested in Kidscape Singapore Pte Ltd together with institution co-investors including OCBC Bank, Phillips Capital, Hotung and NIS Group.

 

Viacell Inc. acquired by PerkinElmer, Inc.

October 2007

ViaCell, Inc. has been successfully acquired by PerkinElmer, Inc. (NYSE: PKI), a global leader in Health Sciences.

 

The Global Security Challenge

12th September 2007

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital served as a judge for this annual competition organized by London Business School and NUS Enterprise.


This is the first time that such event is held in Asia to find the most promising security technology start-up business in the world.


The finalists were selected from regional semi-finals in Washington, Munich and Singapore and the Grand Final was held in London.

 

Divestment of Sino Techfibre Limited

27th April 2007

 

3VS1 Asia Growth Fund Ltd divested all shareholdings in Sino Techfibre Limited.

 

Asian Private Equity Partners Forum

18th April 2007

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital, was the moderator for the panel on “Valuation Guidelines: Convergence to a global standard” at the 2007 Asian Private Equity Partners Forum. This is the second time that Private Equity International hosted their annual Asian Private Equity Partners Forum at the Four Seasons Hotel Hong Kong. Key themes addressed included fundraising, LP/GP relationship, risk management, portfolio valuation and more.

 

The Panelists include Mr Mark Thompson, Chief Investment Officer of HSBC Private Equity Asia, Ms Monica Tsui, Managing Director of PAMA Group, Mr Avinsah Vashistha, CEO & Global Managing Partner of Tholons Inc.

 

Private Equity IQ Asia 2007

29th March 2007

 

Mr Tan Kim Seng, Managing Director of 3V SourceOne Capital shared his views on “The Best Private Equity Opportunities in Asia for 2007” in a panel discussion.  Kim Seng and Michael  further conducted a Post Conference Masterclass on the topic “Engineering Cross Border Deals”.

 

The key points of the Masterclass are:

 

Key Fundamentals of effective deal structuring and strategic partnering
How to determine equitable valuation of assets to derive the ideal pricing in M&A exercise
Making acquisitions and assessing contingencies for additional risks in emerging markets

Omeros Corporation Receives Funding

9th January 2007

 

Omeros Corporation announced that the Stanley Medical Research Institute (SMRI) will provide up to $9 million in equity and grant funding toward the development of Omeros’ proprietary drug candidate for the treatment of schizophrenia.