Equvo Pte Ltd

Equvo Pte Ltd is a structured lease financing company that operates across diverse sectors, facilitating capital acquisition for equipment in industries like semiconductor and clean energy. Equvo Pte Ltd, founded in 2009, is headquartered in Singapore. The company specializes in structured lease financing, providing funding solutions for various sectors. The CEO, Melvin Low, has a background in finance and investment.

The company has completed 2 financing deals, with the most recent occurring on February 1, 2012, when 3V SourceOne Capital returned as an investor, although specific financial terms were not disclosed. Equvo specializes in structured lease financing across multiple sectors, including semiconductor, aviation, clean energy, and real estate. Their core offerings revolve around providing funding solutions that combine bank loans—sometimes syndicated for larger projects—with equity sourced from various investors such as family offices, private equity firms, lease funds, insurance companies, and pension funds. The end use cases are predominantly targeted at businesses in need of capital to acquire or lease equipment, particularly in high-tech industries.

Notably, Equvo has sold over 2,500 pieces of equipment related to semiconductor fabrication, testing, assembly, and various display technologies such as LED, LCD, and OLED. The company’s equipment financing services extend globally, with a significant focus on markets in Japan and the wider Asia-Pacific region, where they facilitate both intra-Japan equipment sales and the re-marketing of pre-owned Japanese equipment. In the most recent fiscal year, Equvo generated revenue of USD 7. 21 mn and recorded an EBITDA of USD 4.

95 mn. The company generates revenue through structured lease financing transactions that involve a mix of direct agreements with clients and partnerships with institutional investors. The transaction structure typically consists of long-term lease agreements or loans that allow clients to access essential equipment without the burdensome upfront costs. By maintaining a zero delinquency loss record, the company fosters trust with over 40 banks that provide senior debt for their financing solutions.

Given their focus on competitive pricing for equipment financing, clients can secure favorable terms that align with their operational needs. Equvo Pte Ltd plans to utilize recent funding to enhance its product offerings and expand into new geographic markets. Although specific new products have yet to be announced, the company is looking at strategic developments in its financing solutions. Target expansion markets include deeper penetration into the Asia-Pacific region, particularly focusing on increasing its presence in emerging markets by the end of 2023.

The support from returning investor 3V SourceOne Capital will contribute to these initiatives as the company continues to strengthen its market position.