Advent International adds healthcare veteran Lincoln Chee joins Operating Partner program in China

SHANGHAI, November 12, 2013 –Advent International, one of the largest and most experienced firms dedicated solely to private equity, announcedtodaythat it has appointed healthcare veteran Lincoln Chee to its Operating Partner Program. Withdeep knowledgeofandextensive experience in the healthcare industry in the Asia-Pacific region, Dr.Chee will advise and work closely with Advent toidentify attractive investment opportunities and generate post-investment valuewithin the regional healthcare sector.
An experienced surgeon and seasonedexecutive in the healthcaresector, Dr.Chee’s industry experience spans more thantwo decades.He is a Venture Partner focused on life sciences at Vertex Venture Holdings, a venture subsidiary of Temasek Holdings.Prior tothis, Dr.Chee was Chief Executive Officer and board member ofQuality Healthcare Asia, Hong Kong’s first publicly listed healthcare company, from 2003 to 2012. Over his eight year tenure, he led the restructuring and turnaround of the group, doubling revenues to HK$1.1 billion, quadrupling its market capitalization and securing its sale to Fortis Healthcare for HK$1.52 billion in 2011. In 2009, Dr.Chee was selected asanoutstanding entrepreneur of Hong Kong in the Asia Pacific Entrepreneurship Awards.

Previously, Dr.Chee led investments and held board positions at Arana Therapeutics in Sydney (acquired by Cephalon) and at Biosensors International, a leading drug eluting stent company listed on Singapore StockExchange.Heis alsoa Consultant to Pronova Solutions, a next generation developer of Proton Therapy Systems based in Tennessee, US.

Dr.Chee started his careeras a medical doctor and practiced as a consultant ENT specialist and Head and Neck Surgeon at SingaporeGeneral Hospital, the country’s largest tertiary medical institution. Heis a Fellow of the Royal College of SurgeonsinEdinburgh, Scotlandand a Fellowof theAcademy of Medicine Singapore in Otorhinolaryngology Head & Neck Surgery, and previously held committee positions with Hong Kong Government Food and 2  Health Bureau on ehealth Records and Primary Care Delivery Models, andbeenan advisory member oftheHong Kong Trade and Development Council.

Filippo de Vecchi, Advent Managing Director and Co-head of Greater China, said: “We are very pleasedto have Dr. Cheejoiningthe firm’sOperating PartnerProgram. Advent is an active investor in the global healthcare sector, which is also a core area of focus for Advent in China.Dr. Chee’soperational and investment experiencegives us great confidence in the value he will offer to our investment teams and portfolio companiesin the region and globally.”

Commenting on his new role, Dr. Chee said: “I am enthusiastic about working with Advent’s Shanghai office and the rest of the global sector team. I look forward to sharing my regional and industry experience, and together exploring interesting opportunities within the healthcare space.”Advent International has been an active investor in the healthcaresector for over 20 years and has invested in over 30 companies worldwide. Most recently Advent acquired Mediq, a leading business delivering pharmaceuticals, medical devices and related care services. Other recent investments include Connolly Inc. a leading technology-enabled provider of recovery audit services and CARE Hospitals, a multi-speciality hospital chain in India.

Advent’s Operating Partner Program, is a long-established and successful element of the firm’s highly operational approach to investing. The program includes over 60 senior industry executives, many of whom have been involved in multiple Advent investments. These executives typically assist in activities such as finding attractive investment opportunities, conducting due diligence, and creating and driving value creation plans for Advent’s portfolio companies.

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global investors dedicated solely to private equity. Since inception, the firm has invested in more than 280 buyout transactions in 36 countries, achieving over 230 full or partial exits, and today has approximately $31.6billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on buyout and strategic repositioning transactions across five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecoms. After 29 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for portfolio companies. For more information, visit adventinternational.com

 

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