Direct Investments

Ekuinas’ Direct 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.

In addition, Ekuinas will work together 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 to the next level.

EKUINAS’ PORTFOLIO COMPANIES

ILMU Education Group (ILMU) is one of the leading integrated education groups in Malaysia, with a diversified portfolio of institutions serving all segments of-12 and tertiary education. ILMU provides multi-faceted learning through their network of institutions, bringing together theory and practice to prepare students.

Today, ILMU has nearly 35,000 students within their network of institutions across Malaysia and Sri Lanka.

www.ilmuedu.com

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.
Investment Type:Buy-out of a non-core asset from PLC
Sector:Education
Acquisition Date:Feb 2011
Capital Invested:RM102.0 million
Ownership:51.0%
Website:www.apu.edu.my
www.apis.edu.my
www.apss.edu.my
apiit-education-group
Company Description:Cosmopoint Group owns two strong brands in mass market private education namely Kuala Lumpur Metropolitan University College and Cosmopoint International College of Technology which provide bachelor and diploma courses, as well as training for ICT, with total enrolment of approximately 6,500 students in its campuses nationwide.
Investment Type:Majority investment in a strong Malaysian company
Sector:Education
Acquisition Date:Feb 2011
Capital Invested:RM246.0 million
Ownership:90.0%
Website:www.klmu.edu.my
www.cosmopoint.edu.my
Cosmopoint Group
Company Description:UNITAR was established in 1997, and represents one of the first Private Higher Educational Institutions in the country. In addition to its main campus located in Petaling Jaya, Selangor, UNITAR collaborates with nine (9) Independent Regional Centres across the country with enrolment of more than 8,000 students across 60 academic programmes.
Investment Type:Majority investment in a strong Malaysian company
Sector:Education
Acquisition Date:May 2012
Capital Invested:RM58.5 million
Ownership:90.0%
Website: www.unitar.my
Unitar International University
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.
Investment Type:Buy-out of a non-core asset from PLC
Sector:Education
Acquisition Date:Dec 2013
Committed Investment:RM32.3 million
Ownership:76.5%
Website:www.apiit.lk
APIIT Lanka
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 and Johor Bahru, with a new campus to be opened this September 2016 in Semenyih.
Investment Type:Majority investment in a strong Malaysian company
Sector:Education
Acquisition Date:March 2015
Capital Invested:RM70.0 million
Ownership:70.0%
Website:www.tenby.edu.my
APIIT Lanka
Company Description:A Malaysian-based investment holding company which owns Manhattan Fish Market, Tony Roma’s franchise for Malaysia and Popeyes franchise in Singapore and Malaysia. The Revenue Valley group operates a total of 64 outlets across the three brands
Investment Type:Majority investment in a strong Malaysian company
Sector:F&B
Acquisition Date:Jan 2012
Committed Investment:RM82.6 million
Ownership:85.8%
Website:www.tonyromas.com.my
www.manhattanfishmarket.com
www.popeyes.com.sg
Revenue Valley
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.
Investment Type:Majority investment in a strong Malaysian company
Sector:Retail F&B
Acquisition Date:21 August 2014
Committed Investment:RM50.8 million
Ownership:60.0%
Website:www.coolblog.com.my
Coolblog Sdn Bhd
Icon Offshore Berhad
Company Description:Icon Offshore Berhad is a merger of Tanjung Kapal Services Sdn Bhd (TKS) and Omni Petromaritime Sdn Bhd (Omni) which was completed on 20 November 2012. Icon Offshore Berhad is now the largest pure-play OSV provider in Malaysia with 32 vessels and still growing. The company was listed on the Main Market of Bursa Malaysia on 25th June 2014.
Investment Type:Majority investment in a strong Malaysian company
Sector:Oil&Gas
Acquisition Date:20 November 2012, merger of TKS and Omni
Committed Investment:RM484.1 million
Ownership:88.0%
Website:www.iconoffshore.com.my

*Icon Offshore was listed on Bursa Malaysia in June 2014, after which Ekuinas holds a residual 42.3% stake in the company.
Icon Offshore Berhad
PrimaBaguz Sdn Bhd
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.
Investment Type:Buy-out investment in a strong Malaysian company
Sector:Food Manufacturing
Acquisition Date:27 November 2013
Capital Invested:RM40.0 million
Ownership:
100.0%
Website:www.primabaguz.com
PrimaBaguz Sdn Bhd
Orkim Sdn Bhd
Company Description:One of Malaysia’s leading Clean Petroleum Product (CPP) tanker companies. Founded in 2004 initially as a ship broker business, Orkim has developed a strong track record of growth and now has 11 vessels under ownership and management. Orkim transports CPP from refineries to various oil storage terminals throughout the country.
Investment Type:Buy out of non-core assets of GLC/PLC
Sector:Oil&Gas
Acquisition Date:21 August 2014
Committed Investment:RM346.3 million
Ownership:95.5%
Website:www.orkim.com.my
Orkim Sdn Bhd
Tranglo Sdn Bhd
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.
Investment Type:Majority investment in a strong Malaysian company
Sector:Telecommunications
Acquisition Date:March 2015
Committed Investment:RM49.1 million
Ownership:60.0%
Website:www.tranglo.com
Tranglo
Tranglo Sdn Bhd
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.
Investment Type:Majority investment in a strong Malaysian company
Sector:
Acquisition Date:29 December 2015
Committed Investment:RM79.8 million
Ownership:60%
Websites:www.pmcare4u.com.my www.medix.com.my
MediExpress Group / PM Care Sdn Bhd
AL-Ikhsan Sports
Company Description:Al-Ikhsan Sports Sdn Bhd Al-Ikhsan is Malaysia’s leading Bumiputera sportswear retailer and differentiated from others by its exclusive and quality product range attained directly from the global brands and sold to its customers at competitive prices. Established in 1993 by Tuan Haji Ali Hassan Mohd Hassan, Al-Ikhsan currently commands a 36% market share in the multi-brand sports retail industry encompassing sports equipment, apparel and footwear with 119 outlets in Peninsular Malaysia. Al-Ikhsan stocks 30 sporting brands including Nike, Puma and Adidas.
Investment Type:Majority investment in a strong Malaysian company
Sector:Sports Retail
Acquisition Date:July 2016
Committed Investment:RM68.8 million
Ownership:35.0%
Website:www.al-ikhsan.com
Al-Ikhsan
DIVESTMENTS

Acquisition date: Jan 2010

Company description: Company description: Leading mass market, colour cosmetics and fragrances player in Malaysia, Singapore and Brunei.

Website: http://silkycosmetics.com

Divestment date: August 2016

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

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

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

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

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: http://www.sfcoffee.com

Divestment date: 14 December 2015