Malaysia-headquarted CMS Opus Private Equity Monday said it had rebranded to COPE Private Equity, and added that as it prepares for ‘next chapter of growth’, the name change would represent a ‘fresh identity and perspective’.
Established in 2005, COPE Private Equity said it has assets under management (AuM) of over MYR500 million, and has invested in Malaysian companies across several sectors including oil & gas, consumer products and food & beverage. It also claims to be among the few Shariah compliant private equity funds manager in the region.
Its last announced deal was in April 2017, when it made a $4.5 million (MYR 20 million) investment in Malaysia’s largest school uniform maker My-Sutera. During the same month, the firm also exited its effective equity stake of approximately 45 per cent in logistics forwarding and shipping service provider, Delta Express. Its investments in Delta, which is a subsidiary of Swift Haulage Sdn Bhd, were via redeemable convertible preference shares.
In March last year, COPE had exited 29.37 per cent equity stake in Damini Corporation via redeemable convertible preference shares. It had invested in Damini, a supplier and distributor of water meters and metering solutions, in 2015.
Early last year, its portfolio company – engineering solutions provider Serba Dinamik – had raised over $130 millionon Wednesday when it listed on the Malaysian stock exchange.