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Malaysia
Private equity and venture capital news from Malaysia
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Malaysian sovereign wealth fund 1Malaysia Development Berhad has teamed up with Saudi investment company PetroSaudi International to set up a $2.5bn joint-venture company Saudi investment company. The joint venture aims to increase the flow of foreign direct investments from the Middle East and to invest in projects within the country. The venture is the first undertaken by PSI in the region.
Ekuiti Nasional (Ekuinas), a newly established private equity firm set up by the Malaysian government to promote the economic participation of the country’s bumiputra population and enhance its overall economy, has appointed former PriceWaterhouseCoopers executive chairman Raja Tan Sri Arshad Raja Tun Uda as its chairman.
The Malaysian government is establishing a new private equity fund to invest in sectors with high growth potential and encourage indigenous people to participate in the economy, according to reports.
A new $100m closed-end equity fund with an aim to making equity and equity-related investments in sustainably managed natural forests, timber plantations and forestry-related assets in the Pacific region has been launched.
Private equity firms Bain Capital, CVC Capital Partners and 3i are all interested in acquiring HeidelbergCement’s - a company producing cement, ready-mixed concrete, and aggregates - Malaysian assets worth around $200m, according to reports.
The Malaysian government is encouraging Islamic venture capital firms to establish bases in the country so that it can become a regional hub of Islamic finance, according to local media reports.
More articles
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Aureos Capital invests $4m in Malaysian IT outsourcing company
06 Apr 2009. Aureos Capital, the emerging markets-focused private equity firm, has invested $4m in EA Global Holdings, a Malaysian IT outsourcing company. The capital was invested from the firm's Aureos Malaysia Fund, which has commitments of $25m. -
Actis backs Teknicast MBO in Malaysia
01 Sep 2008. Source: AltAssets. Emerging markets private equity investor Actis has backed the MBO of Teknicast, a Malaysian manufacturer of aluminium die-casting products. Actis has acquired the business from the company's Japanese owner. Company management will invest alongside Actis. -
Asian HSBC Private Equity Fund 3 closes on $700m
03 Dec 2004. Source: AltAssets. HSBC Private Equity (Asia) has closed its HSBC Private Equity Fund 3 after receiving commitments of $700m. The fund will invest in mid-market Asian companies, with a primary focus on China, India, Malaysia, Singapore, South Korea, Taiwan and Thailand. -
Credit Suisse banker moves to ePlanet Partners
14 Oct 2003. Source: AltAssets. Credit Suisse First Boston's investment banking head for Singapore and Malaysia, Finian Tan, is to join ePlanet Partners as managing partner. Tan will responsible for overseeing ePlanet's global operations and will also be setting up a Singapore office for the London-based firm. -
Spring Hill Bioventures launches venture fund focusing on Malaysia
29 Jan 2003. Source: AltAssets. Kuala Lumpur-based Spring Hill Bioventures has announced the launch of a $30m venture capital fund focusing on biotechnology companies in Malaysia. The fund will be run by Spring Hill Management, headed up by experienced biotech entrepreneur Dr Kim Tan.
