Liz is the Malaysian correspondent for DEALSTREETASIA. She tracks the growing appetite for private equity and venture capital in Malaysia while also keeping tabs on corporate developments.
She hopped on board in October 2014, after three years in the business desk of the leading local English daily where she developed her financial reporting skills.
She remains fascinated with the movement of capital and the socioeconomic effects it leaves in its trail.
Liz graduated from Universiti Tunku Abdul Rahman, with a BA (Hons) in English Language. She lives about five heartbeats away from the heart of Kuala Lumpur.
The Hong Kong-listed Nirvana is Asia’s largest funeral-services provider by revenue, with operations largely in Malaysia and Singapore. In December 2014, the Kuala Lumpur-based company listed on the Hong Kong Stock Exchange at HK$3.00, raising an estimated $250 million.
The Melbourne-based startup plans to use the funds raised to further develop its proprietary technology stack and roll out key features over the next few months, including a multi-currency digital wallet and APIs for e-commerce platforms.
North America saw the most VC deal activity in Q2, with 900 deals worth $18 billion. Greater China accounted for the second largest proportion of aggregate deal value, at $17 billion, and was the location of seven of the 10 largest deals in the period.
This is the sixth medtech-related deal Accuron Medtech Group, a division within Accuron Technologies, has made in the last two and a half years.
SCPE will be partnering with existing shareholders to steer the business through its next phase of growth, and provide strategic input into the company’s business planning.
Among the oil and gas sub-sectors, exploration and production assets accounted for almost half of asset sales by value and 42 per cent by volume between 2014 and Q1 2016.
Maxis Broadband will use the proceeds to finance the settlement of acquisitions of target companies – Maxis Mobile Sdn Bhd and Maxis Mobile Services Sdn Bhd.
Amid a slowdown in the local real estate market, Malaysian property developers are looking at opportunities abroad, and selling assets to realise investment values.
This comes right after announcing another healthcare deal, in which Navis invested into Indonesian medical device distributor PT Tawada Healthcare.
Tawada has served an increasing number of international, blue chip healthcare equipment manufacturers since 1999, which include Carestream, Siemens, Drager and Samsung.