Ekuinas Successfully Completes the Establishment of its 1 Tranche

PRESS RELEASE
28 March 2011
Ekuinas Successfully Completes the Establishment of its
1st Tranche Outsourced Programme
Key Highlights
st

Ekuinas successfully completes the establishment of the 1 Tranche Outsourced Programme with its
three appointed Outsourced Fund Managers (CIMB Private Equity, KFH Asset Management and
Navis Capital Partners) collectively raising funds worth RM113 million from private sources.

With Ekuinas contributing RM400 million, the total amount made available under the Outsourced
Programme is now RM513 million for investment in small to mid-sized Malaysian companies with
high-growth potential.

The Programme is already operational with Navis Capital Partners having successfully completed an
investment in the Kinderdijk Group, a fast growing distributor and retailer of popular brands in the
lifestyle apparel and baby-care segments.
KUALA LUMPUR, (28 March 2011): Ekuiti Nasional Berhad (Ekuinas), the government-linked private equity
st
fund management company, today announced that it has successfully completed the establishment of the 1
Tranche Outsourced Programme with its three appointed Outsourced Fund Managers (OFMs) namely CIMB
Private Equity (CIMB PE), KFH Asset Management (KFHAM) and Navis Capital Partners (Navis) collectively
raising funds worth RM113 million from private sources.
The three private equity firms were selected by Ekuinas in July 2010 after a rigorous evaluation process based
on global best practices. Under the terms of the award, they were required to raise at least another 20% capital,
st
which is equivalent to RM100 million, in addition to the RM400 million allocated by Ekuinas for the 1 Tranche
Outsourced Programme. Accordingly, the total minimum amount available under the Programme is now RM513
million to be invested within the next two to three years in small to mid-sized Malaysian companies with high
growth potential.
Ekuinas’ Outsourced Programme complements its Direct Investment activities, focusing on growth capital
minority investments with smaller deal sizes averaging between RM15 million to RM50 million to help existing
entrepreneurs take their businesses to the next level.
Ekuiti Nasional Berhad 868265 U
Level 13 Surian Tower No 1 Jalan PJU 7/3 Mutiara Damansara 47810 Petaling Jaya Selangor DE Malaysia
T: + 60 3 7710 7171 F: + 60 3 7710 7173
www.ekuinas.com.my
Ekuinas Chairman, Raja Tan Sri Dato’ Seri Arshad bin Raja Tun Uda said, “We are pleased that these three
firms not only fulfilled but also managed to exceed their commitments in terms of fund-raising. This is a clear
reflection of their credentials and experience, and I look forward to seeing these firms apply their expertise to
successfully manage their respective funds and eventually ensure the success of their investments”.
“It is also worth noting that a substantial part of the external funds raised has been sourced from foreign
investors. This is particularly commendable, given the nature of Ekuinas’ mandate to increase equitable
Bumiputera economic participation, and demonstrates the clear success of and backing for the government’s
policy to achieve social objectives through an approach which upholds the principles of being merit-based,
transparent and market-driven,” he further added.
Ekuinas Chief Executive Officer, Dato’ Abdul Rahman Ahmad said, “Our Outsourced Programme creates the
opportunity for dynamic companies to gain access to an enlarged pool of private capital and the opportunity to
work together and partner the leading Malaysian based private equity firms to aggressively grow their
businesses. We are also delighted to report that the Outsourced Programme is already operational with Navis
having successfully completed its first investment in a fast growing retail company, the Kinderdijk Group”.
This first investment by Navis’ Malaysian Growth Opportunity Fund I under the Outsourced Investment
Programme amounted to RM17 million in the Kinderdijk Group, which sells and distributes highly popular lifestyle
and baby-care brands including Philips Avent, Mattel/Fisher Price, MacLaren, Crocs, Fred Perry and Mom’s
Care. The company, which is jointly owned by two local entrepreneurs, Azlan Omry bin Omar and Gwei Tze-Co,
has enjoyed strong revenue and earnings growth over the years and aims to be one of the leading regional
fashion and lifestyle retailers in Malaysia and the region.
Ekuinas aims to invest more than RM4.5 billion in qualified companies over the next five years, with RM1 billion
allocated under its Outsourced Programme. The Outsourced Programme will be undertaken in three tranches,
st
with the 1 Tranche expected to complete within the next two to three years.
About Ekuinas
Ekuinas (Ekuiti Nasional Berhad) is a government-linked private equity fund management company established
th
th
on 1 September 2009. With the government endowment of RM5 billion under the 9 Malaysia Plan and 10
Malaysia Plan, Ekuinas aims to create Malaysia’s next generation of leading companies whilst promoting
equitable, effective and sustainable Bumiputera economic participation.
Media Contacts:
Khatijah Rahmat, Weber Shandwick, [email protected] (03) 7843 3123
Adli Abdul Karim, Weber Shandwick, [email protected] (03) 7843 3110)
Ekuiti Nasional Berhad 868265 U
Level 13 Surian Tower No 1 Jalan PJU 7/3 Mutiara Damansara 47810 Petaling Jaya Selangor DE Malaysia
T: + 60 3 7710 7171 F: + 60 3 7710 7173
www.ekuinas.com.my