Malaysia
Malaysia’s Ekuinas to back five local PE managers
Ekuinas, a private equity investor backed by the Malaysian government, will make LP commitments to funds raised by five local PE firms. Four of the five – Tael Parnters, RM Capital Partners, Tuas Capital Partners and CMS Opus Private Equity – will...
Malaysia's Khazanah in Turkish insurance buyout, Abraaj exits
Malaysian sovereign wealth fund Khazanah Nasional has agreed to pay $252 million for a 90% stake in Turkish health insurer Acibadem Sigorta. The investment facilitates the exit of The Abraaj Group, which held a 50% stake in the business.
Creador set for $105m first close on Fund II
India and Southeast Asia-focused GP Creador is expected to reach a first close of $105 million on its second fund by mid to late August. The full target is $250 million.
Ex Indonesia: Investing at SE Asia's edges
Indonesia is the poster child of Southeast Asian private equity but competition is intense and valuations are rising. What can investors expect from less-tapped markets such as Thailand, the Philippines and Vietnam?
Southern Capital raises $400m for Southeast Asia fund
Singapore-based Southern Capital Group (SCG) has raised approximately $400 million for its third buyout fund. Unlike SCG’s previous vehicles, which invested throughout the region, Southern Capital Fund III will focus on Malaysia, Singapore and Indonesia....
SEAVI Advent reaches $125m first close on Fund VI
SEAVI Advent Private Equity, the Asian arm of Advent International, has reached a first close of $125 million on its six fund - SEAVI Advent Equity Fund VI. Commitments came from high net worth individuals, corporate institutions and family offices, while...
Orix, Perigon to make partial exits from Air Asia X via IPO
Orix Corp. and Perigon Advisory will make partial exits from regional budget carrier AirAsia's long-haul subsidiary through an IPO that is targeting up to $370 million.
Navis plugs into Southeast Asia energy demand
Southeast Asia's hunger for energy cannot be overstated. Of the region’s 600 million inhabitants, a staggering 160 million live without electricity. According to a report published last year by the National University of Singapore’s Energy Studies...
LPs to increase exposure to Malaysia, Indonesia - survey
Investors plan to boost their exposure to Indonesia and Malaysia over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
Silicon Valley angels end first SE Asia tour in Indonesia
The Geeks on a Plane (GOAP) tour organized by Silicon Valley-based accelerator 500 Startups reaches its final leg in Indonesia this week. This is the first time one of the trips has focused specifically on Southeast Asia.
PE firms struggle with rich valuations in Southeast Asia – survey
Increased competition for deals and buoyant equity markets have pushed up valuations in Southeast Asia, prompting private equity investors to hold back, according to a new survey. While the region is becoming more important in investment strategies, returns...
Navis acquires Malaysia's HG Power
Navis Capital Partners has invested MYR25- 40 million ($8.1 million- $13 million) in Malaysian power company HG Power Transmission for a more than 50% stake.
Khazanah among cornerstone investors in Galaxy Securities IPO
Malaysian sovereign wealth fund Khazanah Nasional will commit $100 million as a cornerstone investor in China Galaxy Securities' $1.37 billion Hong Kong IPO.
CPE invests $1m in Malaysia’s Asia Bioenergy Technologies
China Private Equity Investment Holdings (CPE), an AIM-listed vehicle that claims to offer European investors exposure to Chinese private equity in China without the limitations imposed by closed-end funds, has bought a 13.08% stake in Asia Bioenergy...
BootstrapLabs, MAD incubator launch SE Asia start-up accelerator
Malaysia-based MAD incubator has partnered with Silicon Valley-based BootstrapLabs to create a Southeast Asia-focused start-up accelerator.
Creador brews 2x return on OldTown
Malaysia's OldTown White Coffee has unusual origins. The brand came into existence in 1999 as a range of pre-mix instant beverages, offering creamer, coffee and sugar in a single sachet. It was only in 2005 that the company decided to venture into the...
Creador sees 2x return, 101% IRR on maiden exit
Creador has made a partial exit from its investment in Malaysian restaurant chain OldTown White Coffee at a 2x money multiple, representing an IRR of 101%.
Malaysia plans $500m global halal fund
Malaysia-based specialist private equity firm Azka Capital will manage a MYR1.55 billion ($503 million) fund focused on global opportunities in the halal industry. It is expected to acquire companies in the food and agri-business sector and reorient them...
Navis acquires stake in Malaysian IT firm Strateq
Navis Capital Partners has bought a 54.8% stake in Malaysian IT firm Strateq from Kencana Capital. Sources familiar with the situation told AVCJ the deal was valued at MYR35-50 million ($11-16 million), or around 6x forward EBITDA.
Standard Chartered exits Shangri-La Malaysia stake to Robert Kuok
Standard Chartered Private Equity (SCPE) has sold its 22.2% stake in Shangri-La Hotels Malaysia to Robert Kuok, allowing the Malaysia tycoon to increase his holding in the company to nearly 75%.
Malaysia’s EPF eyes more PE opportunities
Malaysia’s Employees Provident Fund (EPF) plans to increase its private equity commitments in 2013, with a particular interest in regional co-investment opportunities.
TNF Ventures leads $560k investment in start-up Tribehired
TNF Ventures has led a S$696,000 ($560,000) seed funding round in social recruitment site Tribehired.
Portfolio: Navis Capital and Malaysia's Alliance Cosmetics
Alliance Cosmetics was already the dominant force in Malaysian make-up market when it was acquired by Navis Capital Partners in 2010. The next step was to use this experience to break into Indonesia
Headland to take Malaysian Mamee overseas
As "official noodle sponsor" of English football team Manchester United, Malaysian snack and beverage firm Mamee Double Decker puts a lot of stock in the reputation of its brands. The challenge for Headland Capital Partners, which recently took a significant...