Trade sales, secondaries to replace IPOs as exit route in Malaysia: Bain & Co


Trade or secondary sales are definitely the most attractive exit channel right now and investors are not relying on the IPO markets, said Bain & Co. partner Suvir Varma.

Khazanah’s investment playbook set for overhaul after board revamp

New Prime Minister Mahathir Mohamad is keen to make the fund leaner and use sale proceeds to cut massive debt piled up in the 1MDB scandal.

Malaysia Digest: DRB-Hicom divests stake in Alam Flora; Boustead buys Sabah lands

Malaysian corporate DRB-Hicom is selling its entire 97.37% in waste management firm Alam Flora for $232.65 million.

Former 1MDB lawyer who worked with Goldman a target in Swiss probe

A former top executive with 1MDB and a senior lawyer at the fund who worked with Goldman Sachs Group Inc. are among six people targeted in a Swiss criminal probe into the multibillion-dollar scandal

Malaysia’s OSK Ventures, Japan’s SBI Group launch $20m PE fund

The OSK-SBI Dynamic Growth Fund will focus on investments in private startups in the ASEAN region and have a lifespan of five years.

Malaysia PM takes over as Khazanah chairman after restructuring at state fund

The appointments of four directors takes immediate effect while the managing director will be selected at a later date

Asia Digest: Tourplus snags pre-seed funding; KKR to invest in S Korean logistics centre

KKR & Co is looking to invest in a logistics centre based in Incheon, South Korea.

Khazanah board resignation clears deck for restructuring, says PM Mahathir

Mahathir stressed that it is the prime minister’s prerogative to appoint the fund’s new board members, re-designation to other entities and to retain some of them to allow for continuity.

Malaysia: Axiata-backed digital ad startup snags $20m from Sumitomo

Sumitomo is also seeking collaboration in fintech and IoT with Axiata Digital as a strategic partner.

Axiata’s edotco acquires tower assets for $34.5m in north Malaysia

The acquisition will allow edotco to expand its presence and improve the operational efficiency of tower infrastructure in Kedah.