Direct Investment
Ekuinas aims to identify all opportunities to invest in mid-sized Malaysian companies to transform and grow them into sizeable market leaders and profitable investments, after which Ekuinas will exit and apply the same process of value creation in other deserving companies.
Investment activities undergo several key processes from the initial stage of identifying potential investments; to the final stage of recommendation to the Investment Committee and the Board of Directors; up until after the acquisition is completed.
Ekuinas works with the investee company to create a Value Creation Plan (VCP) which is then implemented post acquisition. The objective of the VCP is, inter alia, to help the company grow and improve in various aspects of its business in the aim of taking the company through a sustainable growth pathway.
Generally, our direct investment ticket size can be divided into two categories:
RM10-30million (DANA ASAS)
where Ekuinas directly undertakes investments and focuses on smaller deal sizes, taking minority stakes and providing capital and value creation to take the businesses to the next level.
where Ekuinas directly undertakes investments and focuses on smaller deal sizes, taking minority stakes and providing capital and value creation to take the businesses to the next level.
> RM30million (TRANCHE II, III & IV)
where Ekuinas directly undertakes investments and focuses on larger deal sizes, normally taking on controlling or sizeable equity stakes to enable active participation and value creation for the companies and all stakeholders.
where Ekuinas directly undertakes investments and focuses on larger deal sizes, normally taking on controlling or sizeable equity stakes to enable active participation and value creation for the companies and all stakeholders.
Dana Asas Fund Parameters
| Capital Commitment | RM 100mn (for entire fund) |
|---|---|
| Term | 8 + 2 years |
| Investment Period | Between 5 to 7 years |
| Investment Focus |
|
| Deal Ticket Size | RM10mn – RM30mn |
| Sector Priorities | Same as existing Direct Funds |
| Criteria for Investment Evaluation |
|
Ekuinas’ Portfolio Companies
-
Divestments
Alliance Cosmetics Group
- Acquisition Date:
- Jan 2010
- Company Description:
- Leading mass market, colour cosmetics and fragrances player in Malaysia, Singapore and Brunei.
- Website:
- silkycosmetics.com
- Divestment Date:
- August 2016
APIIT Education Group
- Acquisition Date:
- Feb 2011
- Company Description:
- Leading education provider with presence in primary, secondary and tertiary levels, with award-winning Asia Pacific University of Technology & Innovation (APU) specialising in providing high quality tertiary level education for Technology, Engineering and Business courses to local and foreign students numbering more than 11,000. The Asia Pacific Smart Schools offer private K12 education across both international and local syllabus to more than 1,500 students.
- Website:
- www.apu.edu.my
- www.apis.edu.my
- www.apss.edu.my
- Divestment Date:
- January 2018
APIIT Lanka
- Acquisition Date:
- Dec 2013
- Company Description:
- Leading higher education institute in Sri Lanka, offering high quality diploma and international degree programmes locally with student enrolment of approximately 1,100. The school generates high quality graduates in Computing, Business and Law by providing innovative teaching techniques and premium facilities.
- Website:
- www.apiit.lk
- Divestment Date:
- July 2019
Burger King Malaysia
- Company Description:
- Cosmo Restaurants SdnBhd was established in 1997 as the local franchise with development rights for the BURGER KING® brand in Peninsular Malaysia, excluding KLIA.
- Website:
- www.burgerking.com.my
- Divestment Date:
- August 2015
Burger King Singapore
- Company Description:
- Burger King Singapore Pte Ltd, was established in 1982 and holds the exclusive local franchise with development rights for the BURGER KING® brand in Singapore.
- Website:
- www.burgerking.com.sg
- Divestment Date:
- August 2015
Coolblog Desserts Sdn Bhd
- Acquisition Date:
- August 2014
- Company Description:
- A homegrown franchised desserts and beverages specialist in a take-away kiosk concept serving quality and affordable with more than 25 flavours and 300 different products across Malaysia and the region. Being the first bubble tea chain to be awarded the ‘HALAL’ certificate by Jabatan Kemajuan Islam Malaysia (JAKIM), Coolblog is also a market leader in the desserts and beverages sector with more than 300 outlets nationwide and in Indonesia.
- Website:
- www.coolblog.com.my
- Divestment Date:
- October 2020
Icon Offshore Berhad
- Acquisition Date:
- November 2012, merger of TKS and Omni
- Company Description:
- Icon Offshore Berhad (ICON) is the largest Offshore Support Vessel (OSV) provider and one of the largest in Southeast Asia in terms of number of OSVs. The company has 22 active vessels operating in waters off Malaysia and Brunei with history of international operations in six Southeast Asian countries. ICON also owns and operates a jack-up drilling rig within Malaysian waters.
- Website:
- www.iconoffshore.com.my
- Divestment Date:
- March 2024
Konsortium Logistik Berhad
- Acquisition Date:
- October 2010
- Company Description:
- Integrated logistics provider with services spanning container haulage, dry bulk transportation, warehousing and distribution, freight forwarding and customs clearance. The company specialises in providing logistics solutions for the automotive and coal transportation sectors.
- Divestment Date:
- 25 October 2013
MediExpress Group / PM Care Sdn Bhd
- Acquisition Date:
- 29 December 2015
- Company Description:
- MediExpress Group (MediExpress), which consists of MediExpress (Malaysia) Sdn Bhd and Health Connect Sdn Bhd, and another 60% equity in PMCare Sdn Bhd (PMCare). MediExpress is a leading Managed Care Organisation (MCO) which operates as a TPA for insurance companies and small medium enterprises (SMEs) segment, whilst PMCare is the leading Bumiputera TPA service provider, focusing on the corporate client segment.
- Divestment Date:
- April 2019
PrimaBaguz Sdn Bhd
- Acquisition Date:
- November 2013
- Company Description:
- PrimaBaguz is involved in the manufacturing and distribution of premium halal meat-based products such as sausages, cold cuts, ready- to-eat products and sauces. The Company supplies its products to Quick Service Restaurants (QSR), hotels, restaurants and caterers (HORECA) and wholesalers.
- Website:
- www.primabaguz.com
- Divestment Date:
- August 2020
San Francisco Coffee
- Acquisition Date:
- 19 September 2011
- Company Description:
- A brand that was founded in 1997 to sell premium brewed coffee, espresso-based hot and cold drinks and cafe food such as sandwiches, pastries and snacks in Malaysia.
- Website:
- www.sfcoffee.com
- Divestment Date:
- 14 December 2015
Tanjung Offshore Berhad
- Acquisition Date:
- June 2010
- Company Description:
- One of the leading local O&G service providers.
- Website:
- www.tanjungoffshore.com.my
- Divestment Date:
- 14 November 2012
Tenby Schools
- Acquisition Date:
- March 2015
- Company Description:
- Tenby Schools (Tenby) – Tenby is one of Malaysia’s leading private schools providing access to local and international curricula at its campuses nationwide. Tenby operates five private schools in Setia Eco Park, Ipoh, Penang, Miri, Johor Bahru, and their newest campus in Semenyih.
- Website:
- www.tenby.edu.my
- Divestment Date:
- January 2018
Tranglo Sdn Bhd
- Acquisition Date:
- March 2015
- Company Description:
- Tranglo Sdn Bhd provides platform for mobile telecommunication companies (Telcos) to facilitate cross border transfer of prepaid credit and money remittance in a fast, easy and secure manner. Incorporate in 2009 with headquarters in Kuala Lumpur and international offices in Indonesia, Middle East and the United Kingdom.
- Website:
- www.tranglo.com
- Divestment Date:
- October 2018