Malaysia

Private equity and venture capital news from Malaysia

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• Malaysian state-backed private equity firm Ekuinas makes appointments 05 Aug 2009. Source: AltAssets. 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.

• Private equity firms show interest in troubled cement company HeidelbergCement’s Malaysian assets 31 Jul 2009. Source: AltAssets. 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.

• Malaysian government to set up $2.8bn private equity fund 02 Jul 2009. Source: AltAssets. 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.

• Malaysia hopes to become Islamic venture capital hub 21 May 2009. Source: AltAssets. 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.

• 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.