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Mayban Ventures to invest $399m over next five years

  • Susannah Birkwood
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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.

The investor will focus on companies in the food and beverage, oil and gas, electronics, manufacturing services and outsourcing sectors in China and other countries. In the past, Mayban has concentrated on information technology businesses, but it will now broaden its scope to include healthcare and property firms.

Acting chief executive officer Andrew T.K.Ho told Business Times: "We have plans to invest a total of RM150 million to RM250 million a year for the next five years, and to have a more regional focus as well." He added that Mayban was turning away from biotechnology companies due to the challenges of the Malaysian market and the scarcity of highly skilled professionals outside of the US and Europe.

The VC firm will now look at companies which are open to private equity investment, including those which have elderly founders looking for an appropriate exit route. It will also consider participating in management buyouts and buy-ins, although it would not take a position of control.

Mayban claims to generate an average IRR on its exits of between 15-30%.

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