PE firm Creador exits Repco partially


Malaysia-based private equity firm Creador has partially exited from Repco Home Finance, an India-based firm, it had invested in  2013. Creador generated a three-fold return on investment. Creador exited Repco Home Finance through a bulk transaction on the Bombay Stock Exchange, selling 325,000 shares at INR 470 per share. The sale… Read more »

Malaysia’s New ECF : Ambitious & Challenging

Malaysia’s pioneering Equity crowdfunding (ECF) legislation, which is expected to be tabled in the parliament in the near future, will put country much ahead of the Asian financial powerhouse Singapore and sophisticated crowdfunding market of Australia. Hailed as progressive, the legislation will be the first of its kind in south-east… Read more »

Malaysia’s Aemulus faces Endeavor Entrepreneur test

Endeavor Malaysia has a third startup, Aemulus, lined up for Endeavor’s International Selection Panel (ISP) in Istanbul, Turkey next week. If selected, Aemulus Corporation Sdn. Bhd, a radio frequency testing equipment developer, will join the likes of GridMarkets and Juris Technologies, the two Malaysian startups that already have an international… Read more »

TAP-KWAP buys 30% stake in Munchy Group

Tremendous Asia Partners Group (TAP) has partnered with retirement fund KWAP to acquire a 30% stake in Munchy Food Industries Sdn Bhd. The partners ( TAP and KWAP) have  also jointly acquired a 30% stake in the MFI Labuan Ltd. The deal amounts were not disclosed. This new development will… Read more »

Malaysia to be the first to legislate ECF in region

The Securities Commission of Malaysia (SCM) has formulated a progressive equity crowdfunding framework (ECF), a first in the South East Asia. The move has been lauded by the market players as ground-breaking, placing Malaysia far ahead of other countries in the region. Co-Founder and CEO of Crowdonomic Media (CWD) Leo… Read more »

GrabTaxi gets $65m more to take on Uber

Southeast Asia’s leading taxi mobile app, GrabTaxi, has received its  latest round of funding worth $65 million to make deeper inroads into South East Asia. The series C round funding was led by new investor US-based Tiger Global Management, joined by another new investor Hillhouse Capital Management and existing investors GGV… Read more »

Navis Capital exits Trio for $220-m

Kuala Lumpur-based private equity company Navis Capital Partners has sold its 100% stake in Trio Engineered Products, to Weir group PLC, at an enterprise valuation of $220 million. Trio, which is expected to generate about $120 million in revenues in 2014, is a Chinese-American manufacturer of crushing and separation equipment… Read more »

MaGIC to launch database of startups in Malaysia

The Malaysian Global Innovation & Creativity Centre (MaGIC) is planning to go public with its database collating information of local tartups to facilitate investors and advisors in identifying potential companies. MaGIC intends to go live with the database by the end of 2014. It now has an unpublished database of… Read more »

US, Japan firms sniffing out Malaysian startups

A slew of American and Japanese firms and fund managers are looking to invest in Malaysian startups, an executive in Malaysia’s finance ministry said. Secretary-general of treasury Mohd Irwan Serigar Abdullah said he believes Malaysia’s steady economic growth continues to attract foreign investors and that there’s a developing trend showing… Read more »

Startups see positives in Malaysia’s 2015 budget

With a weekend to mull over what the Malaysia Budget 2015 means to the local startups, industry players share their views on the measures Prime Minister Najib Razak announced, putting entrepreneurship and human capital as one of the country’s core strategies. DEALSTREETASIA spoke to three executives: government-linked early stage funding… Read more »