REG - Symphony Int Hdgs - Investment in MAVI Holding Pte. Ltd. ("MAVI")

Symphony International HoldingsAnnouncement

18/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230118:nRSR0119Na&default-theme=true

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 (https://mavi-holding.com)  and
https://biometric.asia/ (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
(http://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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCNKOBBBBKDDDD