Malaysia
Malaysia's Sunway launches $50m VC fund
Sunway, a Malaysian conglomerate with operations in real estate and construction, has launched a venture capital fund with a view to raising $50 million.
Malaysia's Affin Hwang launches private equity unit
Malaysia-based Affin Hwang Asset Management has launched a private equity arm under the name Bintang Capital Partners.
Gobi Partners makes ASEAN appointments
Gobi Partners has strengthened its ASEAN team with the appointment of Dan Chong as COO for the region and the recruitment of two partners for its ASEAN and Thailand funds.
CEO of Malaysia's Cradle Fund killed by mobile phone malfunction
Nazrin Hassan, CEO of Cradle Fund, died on June 14 due to blast injuries incurred when his mobile phone exploded, the Malaysian venture capital firm has confirmed.
CVC acquires Malaysia's Munchy Food Industries
CVC Capital Partners has acquired 100% of Malaysia-based food company Munchy Food Industries for an undisclosed sum.
Japan's Advantage buys Malaysian packaging manufacturer
Advantage Partners has completed the buyout of Malaysian plastic bottle manufacturer Plastic Centre through its recently closed $380 million Asia fund.
Malaysia’s Jirnexu receives $11m Series B
Malaysia-based financial technology start-up Jirnexu has received an $11 million Series B funding round led by Japan’s SBI Group.
Ekuinas buys controlling stake in Southeast Asia's Flexi Versa
Malaysian government-backed PE firm Ekuinas has acquired a controlling stake in Flexi Versa Group (FVG), a Southeast Asian contract manufacturer catering to global consumer electronics brands.
Dymon exits Southeast Asia engineering services business
Dymon Asia Private Equity has exited Wah Loon Engineering, which provides engineering services for air conditioning, ventilation, fire protection and electrical systems in Singapore and Malaysia, to France-based Vinci Energies.
PE-owned Qualitas Medical targets Singapore IPO
Southern Capital Group is making another attempt to list Qualitas Medical, its Malaysia-based healthcare services provider, on the Singapore Stock Exchange. Partners Group is also an investor in the business.
Asia education: School's in
Education has emerged as the latest hot sector for private equity in Asia on the back of opportunities created by rising incomes and regulatory change. But higher valuations mean more pressure to deliver
Southeast Asia: Wary voices
LPs are likely to remain reluctant on Southeast Asia funds until GPs can demonstrate a consistent ability to generate positive returns from the region
Burda leads $19m round for Malaysia's Carsome
Burda Principal Investments, the investment arm of European technology and media company Hubert Burda Media, has led a $19 million Series B round for Malaysian online used car marketplace Carsome.
Gobi's Victor Chua leaves to launch SE Asia VC firm
Victor Chua has left a position as vice president focusing on Southeast Asia at Gobi Partners to launch his own Malaysia-based VC firm, Vynn Capital.
Monk's Hill names new Malaysia venture partner
Singapore-based Monk’s Hill Ventures has engaged Mohd Ridzwan (Reez) Nordin as a Malaysia-based venture partner.
Portfolio: Ekuinas and Al-Ikhsan
Ekuinas sees Al-Ikhsan as a model Malaysian entrepreneurial success story, and since its investment the firm has focused on preparing the company to become a leader in Southeast Asia’s budding sportswear market
Navis to exit Singapore's MFS Technology with 3x return
Navis Capital Partners has agreed to exit its controlling position in Singapore-based circuit board maker MFS Technology. The GP will generate a 3x money multiple and an IRR of more than 40% on the investment.
COPE exits Malaysia-based Serba Dinamik with 8.9x return
COPE Private Equity, previously known as CMS Opus Private Equity, has completed its exit from Malaysian oil and gas services provider Serba Dinamik Holdings with a gross 8.9x money multiple and a 79.2% IRR.
Vertex leads $5m round for Malaysia's StoreHub
StoreHub, a Malaysia-based business that helps retailers digitize their operations, has raised a $5.1 million Series A round of funding led by Vertex Ventures.
Quadria Capital backs Malaysian medical diagnostics provider
Healthcare-focused private equity firm Quadria Capital has made an investment of undisclosed size in Malaysian diagnostics services company Lablink.
Creador targets $500m for Southeast Asia, India fund
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
Ekuinas exits Malaysia’s Tenby Education
Malaysian government-backed private equity investor Ekuinas has exited its majority stake in private school chain Tenby Education Group to International Schools Partnership (ISP).
Deal focus: KV secures its biggest buyout
KV Asia Capital sees strong growth potential for the education sector in Southeast Asia. The firm’s latest investment in Malaysia-based APIIT Education Group reflects confidence in this vision
KV Asia backs MBO of Malaysian education group
KV Asia Capital has supported a management buyout of APIIT Education Group, the holding company for several primary, secondary and tertiary education assets in Malaysia, from Ekuinas for an enterprise valuation of MYR725 million ($180 million).