Khazanah Nasional
UK-based Blippar raises $54m for Asia expansion
Blippar, a UK-based developer of augmented reality, computer vision and artificial intelligence technology, has raised a $54 million Series D round to support its Asia expansion plans.
Deal focus: Fintech start-up WeLab seeks scale
With $160 million in Series B funding, Hong Kong-based WeLab wants to upgrade its people and technology in order to build a China online lending platform of real scale
Kazanah leads $160m round for Hong Kong's WeLab
Malaysian government-backed investor Khazanah National has led a $160 million Series B round of funding for WeLab, a Hong Kong-based mobile lending and credit analytics platform.
PE-backed China Huarong trades flat after $2.3b HK IPO
Shares in China Huarong Asset Management, a distressed debt manager with several private equity backers, opened flat in Hong Kong following a HK$17.82 billion ($2.3 billion) IPO.
PE-backed China Huarong launches Hong Kong IPO
Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from Chinese state-owned banks, is looking to raise up to $3 billion in a Hong Kong IPO.
Zodius, Khazanah back India online lingerie retailer
Zodius Capital and Malaysian state-controlled investor Khazanah Nasional have committed $40 million in Series C funding to Zivame, an India-focused online lingerie retailer.
The Philippines: SE Asia's next big thing?
The Philippines has emerged from relative obscurity to become private equity’s latest nascent consumer play in Southeast Asia. Deal flow is slow and uncertain as investors get to grips with the opportunity.
Khazanah to privatize trouble-hit Malaysia Airlines
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million).
PE investors near deal for China NPL manager Huarong - report
A group of private investors is nearing a $2 billion deal for a minority stake in China Huarong Asset Management, one of four groups tasked with managing non-performing loans (NPLs) from state-owned banks.
Unleashing Malaysia
Malaysia’s underlying macroeconomic fundamentals suggest a strong appeal to private equity but deal flow remains modest. Can more opportunities be unlocked in the mid-market?
TPG, Khazanah invest $132m in Philippines housing developer
TPG Capital and Malaysian sovereign wealth fund Khazanah Nasional have together invested PHP5.8 billion ($132 million) in Philippines-based housing developer 8990 Holdings.
Life sciences player NuSep gets PE funding for Singapore unit
Xeraya Capital, a life sciences investor controlled by Khazanah Nasional, and PE fund JP Asia Prime Capital have invested S$16 million ($12.8 million) in PrIME Biologics, a subsidiary of NuSep that specializes in therapeutic plasma products.
TPG appoints Khazanah's Ganen Sarvananthan as Asia partner
TPG Capital has appointed Ganen Sarvananthan, former executive director and head of investments at Malaysian sovereign wealth fund Khazanah, as a partner and managing director with its Asian business.
Malaysia’s Khazanah invests in Beijing Enterprises Water Group
Mount Reskit Investments, a wholly-owned unit owned by Malaysian sovereign fund Khazanah Nasional, plans to invest HK$1.18 billion ($152 million) in Beijing Enterprises Water Group. Upon completion, it will hold a 4.95% stake in the state-owned water...
Khazanah picks CIMB’s Charon Wardini Mokhzani as exec director
Malaysian sovereign wealth fund Khazanah Nasional has appointed Charon Wardini Mokhzani as executive director in the managing director’s office. Charon is currently deputy CEO of CIMB Group, head of investment banking and CIMB Investment Bank chief.
Malaysia's Khazanah exits Time Engineering stake for $21m
Malaysian sovereign wealth fund Khazanah Nasional has sold its entire stake in local IT firm Time Engineering (TEB) to Censof Holdings for RM69.8 million ($21.3 million)
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.
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.
PE, strategics bid for Thai Life Insurance stake – report
A clutch of private equity firms and strategic investors have reportedly entered the bidding for a 20% stake in Thai Life Insurance, with the deal expected to reach around $500 million.
Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance...
Indonesia caps foreign ownership of local banks at 40%
Foreign ownership of Indonesian banks will be capped at 40%, although exceptions will be made for listed banks with strong financial health and high levels of tier-one capital. On this basis, it appears that DBS Group’s $7.2 billion bid for Bank Danamon...
IHH raises $2b from IPO, Abraaj Capital exits
IHH Healthcare, the hospital operator owned by Malaysian sovereign wealth fund Khazanah Nasional, has raised MYR6.3 billion ($2 billion) from its IPO after pricing the offering near the top of the indicative range. Abraaj Capital fully exited its holding...
Khazanah, Baring jointly offer $800m for Aegis
Malaysian sovereign wealth fund Khazanah Nasional has teamed up with Baring Private Equity Asia to offer $800 million for Aegis, thr business process outsourcing (BPO) arm of Indian industrial conglomerate Essar Group. KKR is said to be another bidder...
Khazanah exits India’s Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).