Malaysia
Navis takeover bid values SEGi at $360m
Navis Capital Partners has confirmed that it has made an unconditional takeover offer for Bursa Malaysia's main market-listed SEG International Berhad. The offer values the private tertiary education provider at MYR 1.1 billion ($360 million).
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
Navis in PIPE deal for Malaysia's SEGi
Malaysia-based Navis Capital Partners has acquired at least 21.5% of SEG International (SEGi), the second largest private education group in Malaysia by sales, in a PIPE transaction.
Gobi makes lucrative early exit from CIB
Gobi Partners had big plans for CIB Development. The venture firm received the green light to invest in the Malaysia-based online games operator in 2010 and put together a strategy that would boost exposure in Indonesia, the region’s largest gaming...
Gobi reaps 60% IRR on CIB trade sale
Venture firm Gobi Partners has reaped an IRR of 60% on the sale of its minority stake in Malaysian online games operator CIB Development to listed gaming company Asiasoft.
Aureos boosts NEP with $5m
Aureos South-East Asia Managers has injected $5 million in Malaysian water filtration company NEP to help expand its water filter rental scheme to China and throughout the ASEAN region.
Swire enters the bidding for Baring-backed Courts Asia
Hong Kong conglomerate Swire is reportedly among the bidders for Baring Private Equity Asia-invested electronics and furniture retailer Courts Asia. The sale could be worth close to $400 million.
Asian investors back eco-fuels producer LanzaTech
The Malaysian Life Sciences Capital Fund led a $55 million Series C round of financing for low-carbon fuels producer LanzaTech. Petronas Technology Ventures and Dialog Group, also Malaysian firms, participated in the round, as did existing investors Khosla...
Board rejects rival bid for Malaysia’s QSR
Palm oil producer Kulim Malaysia has rejected an offer for its stake in fast food company QSR Brands. Dewan Perniagaan Melayu Malaysia (DPMM) offered to pay MYR6.90 per share for Kulim’s holding, slightly higher than a rival bid by CVC Capital Partners...
Mayban Ventures to invest $399m over next five years
Mayban Ventures, the private equity arm of Maybank, Malaysia’s largest financial group, has announced plans to channel up to RM250 million ($399 million) into Asian deals over the next five years.
CVC, Johor win board backing for Malaysian fast-food buyout
A takeover offer from CVC Capital Partners and Malaysian state investment arm Johor Corp. for fast-food chains QSR Brands and KFC Holdings has won approval from the companies’ respective boards. The consortium must now put their bid before shareholders,...
Corporates link for Malaysian resources fund
Malaysia-based Warrants Capital, a subsidiary of telecommunications firm Silver Ridge Holdings, is reportedly planning a $500 million private equity vehicle with Hong Kong-based partner Huatai Financial Holdings, called the Huatai Von Malaysia Fund, to...
Maybank launches $500m regional cleantech fund
The Singapore arm of Malaysian financial services major Maybank has launched a $500 million regional cleantech fund.
SBI to manage Malaysia’s first Asian cleantech fund
SBI Investment, a subsidiary of SBI Holdings, has announced that it will manage Malaysia’s first cleantech venture fund to invest in Asia Pacific.
MAVCAP names Bujang as CEO
Malaysia Venture Capital Management (MAVCAP) has named Jamaludin Bujang as CEO, succeeding Husni Salleh, who exited the position earlier this year to become CEO of Bumiputera Agenda Coordinating Unit.
Baring group looks to exit Singapore-based Courts Asia
A unit backed by Baring Private Equity and a consortium of investors is looking to sell Singapore-based furniture and electronics franchise Courts Asia for more than S$500 million ($382 million).
Malaysia's Khazanah in running for Turkish hospital owner
Malaysian sovereign wealth fund Khazanah Nasional is reportedly negotiating for a stake in Acibadem, the Turkish hospital group 92%-owned by Almond Holding AS. Almond is a joint venture between Abraaj Capital and Turkey’s Aydinlar family.
Former ChrysCapital MD seeks $350m for new fund
Former managing director of ChrysCapital Brahmal Vasudevan is targeting $350 million for a spin out fund focusing on emerging markets in India and Southeast Asia.