Malaysia-based Bintang Capital Partners has invested an undisclosed sum in The Flow Studio, a yoga and reformer pilates studio.
Bintang’s investment in The Flow Studio marks a significant milestone in its impact investing journey, the company said in its LinkedIn announcement. The deal represents the first female-founded and entrepreneur-led company in Bintang’s portfolio, reaffirming its commitment to gender-lens investing.
Founded by Tiffany Yow and Lachlan McComiskie, Flow offers specialised reformer pilates and yoga classes across seven studios in Klang Valley, Penang, and Kota Kinabalu. It is a female-founded, female-led, and female-controlled business in Malaysia. Flow’s shareholders, directors, and senior management are women-led, marking the company as unique from a gender lens perspective.
“We are proud to back Tiffany Yow, who herself juggles multiple roles as mother, CEO, and entrepreneur,” the announcement stated.
Malaysia-based Bintang Capital Partners officially launched its second fund, BCP Asia Fund II, with a target corpus of $100-150 million early this year.
The firm was also looking to broaden its LP base by roping in investors keen on impact investing, from the US and Europe, the firm’s founder and CEO Johan Rozali-Wathooth told DealStreetAsia earlier.
In May 2023, Bintang Capital became the first PE firm in Southeast Asia to earn a B Corp certification, which is given to companies that have a high focus on impact.
Last August, the company invested an undisclosed amount in Blue Planet Environmental Solutions Pte Ltd, a Singapore-based waste management solutions provider.
Its other notable deals last year included a $10 million funding round for marketing technology firm Involve Asia, with participation from Orbit Capital Malaysia, 500 Global, and Monumental Productions. In December, the company made a follow-on investment in Muslim lifestyle app developer Bitsmedia.
