BrazilHumatica steps up ambitions in Asia's private equity scene
Following a year of record growth, private equity consultancy Humatica is stepping up its ambitions in Asia.
Founded in 2003, Humatica is a UK-headquartered consulting firm that helps private equity groups and their portfolio companies with organizational effectiveness – or the ‘human’ side of deals and post-deal value enhancement.
Last year, the firm completed a record number projects worldwide (350+ since its inception) from its offices in London and Zurich, including over a dozen engagements in Asia, particularly in China and Singapore.
In Asia, Humatica has for long served its clients through a partnership with DotProjects, a Singapore-based specialist consultancy in the area of project governance and business process optimisation. Having collaborated successfully since early 2019, in September 2020 the two firms entered a formal cooperation agreement.
Now, on the back of “a successful collaboration on high impact projects” and “shared values”, the two consulting firms have taken the partnership to the next level with the appointment of Jen Jee Chan – the founding and managing partner of DotProjects – as Managing Partner Asia for Humatica.
In the dual role (Chan will continue to lead DotProjects’ portfolio outside the private equity space), Chan will be responsible for driving growth in key Asian markets and oversee Humatica’s project delivery in the region from the office in Singapore.
“We are delighted to welcome Jen Jee to our team. Our collaboration with him over the past few years has confirmed our respect for his competence and ethics as a trusted advisor to our private equity clients and their entrepreneurial management teams,” said Andros Payne, Managing Partner of Humatica.
On his new remit, Chan said, “I am excited to embark on this journey with Humatica. I look forward to the opportunity to work closely with our partners and clients to co-create value and organisational excellence for portfolio companies.”
Prior to launching DotProjects in 2016, Chan spent eight years working in project management roles in the real estate and engineering sectors. More recently, he has also specialised in sustainability and environment, social and governance services in the built environment.
The move comes on the back of a record year for private equity, which has helped Humatica lift its revenue by 19% last year. According to Bain & Company, global private equity deal value hit $1.1 trillion last year (smashing the previous record), with Asia Pacific accounting for about one fifth of the total.
“With funds increasingly embracing organizational effectiveness as a lever for value creation, Humatica is uniquely poised to expand in Asia’s high growth private equity markets,” said Chan.
Payne concluded, “This is a big step forward for Humatica to better serve its international private equity clientele and their high growth portfolio companies Asia.”
