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Khazanah Nasional Berhad

Khazanah Nasional is a driving force in shaping selected strategic industries in Malaysia, nurturing their development and doing so with the objective of pursuing the nation’s long-term economic interests.

As we move forward, Khazanah is entrusted to explore strategic investment opportunities in new sectors and new markets. We aim to manage our investment portfolio to realise its long-term potential, and at the same time investing in what we believe would be future winners.

Our current investments are distributed among various industries, mainly; finance, telecommunications, utilities, communication services, information technology and transportation. We are also venturing into other promising sectors with the vision to lead and develop strategic industries.

Khazanah at a glance

Khazanah Nasional is the investment holding arm of the Government of Malaysia and is empowered as the Government’s strategic investor in new industries and markets. As trustees to the nation’s commercial assets, our main objective is to promote economic growth and make strategic investments on behalf of the Government which would contribute towards nation building.

Khazanah is also tasked to nurture the development of selected strategic industries in Malaysia with the aim of pursuing the nation’s long-term economic interests.

Khazanah has investments in over 50 major companies, both in Malaysia and abroad, and our companies are involved in a broad spectrum of industries.

Khazanah is also the key agency mandated to drive shareholder value creation, efficiency gains and enhance corporate governance in companies controlled by the government, commonly known as Government-Linked Companies, or GLCs.

What does Khazanah Nasional do?

Khazanah Nasional is the investment holding arm of the Government of Malaysia where we are empowered as the Government’s strategic investor. As trustees to the nation’s financial assets, our main objective is to promote economic growth and make strategic investments on behalf of the Government which would contribute towards nation building in the long run.

As Khazanah Nasional is the Government’s investment arm, can I get Khazanah Nasional to invest in my venture?

Khazanah Nasional’s mandate as a driving force in investing in selected strategic sectors and markets for Malaysia requires it to play the role of an active strategic investor.

As an active and dynamic investment holding company, we aim to manage our investment portfolio to realise their long term potential, while making new investments that we believe will be future winners. As such, any investment considered must fit our strategic parameters. We welcome queries on potential opportunities via our e-mail address.

Which sectors are Khazanah Nasional actively investing in?

Currently, our investments are within the finance, media and communications, utilities, information technology and transportation industries.

Kumpulan Modal Perdana Sdn Bhd

Set up as a two-way channel for Malaysian companies and investors to tap into international resources and vice-versa, Kumpulan Modal Perdana (KMP) is a venture capitalist with a difference. Sure we make venture investments but, we go beyond mere financing. For us at KMP, technology, innovation and business are our food, water and the air we breathe.

We target small technology companies that offer prospective high-growth potential. Our aim is to grow with you.

We are mandated to focus on technology development in support of Malaysia’s Economic Innovation Model. That’s why we invest more than capital – we invest our time, expertise, and network in our portfolio companies. Venture capital for us is not just about investing in the “right” companies. It is about strong partnerships with dedicated entrepreneurs, who are devoted to making their ideas become reality – just like we are.

Every one of us at KMP is willing to walk the extra mile in a bid to make each project we get involved in a success. On top of financing, we offer Value Added services that can make all the difference to your success.

Investment

We invest through conventional methods and the more strategic approaches of our carefully designed in-house funds and “fund of funds”. Our primary investment goal is to build significant long-term value above market norms.

To realise our vision, we strategically operate different models and structures, which are designed to collectively strengthen our smart partnerships and collaborations amongst funds and investee companies to further contribute to a higher ROI and technology development whilst mitigating risk.

Investment focus
Information technology, Computer Related, Telecommunications, Media/Entertainment, Electronic, Advance Material, Biotechnology/Life Sciences.

 

Malaysia Venture Capital Management Bhd

MAVCAP was incorporated on 19th April 2001 by the Government of Malaysia and was allocated RM500 million by the Minister of Finance Inc for investment in, nurturing and growing the technology sector and the investing and growing of venture capital market in Malaysia. It is a new and bold Government-initiated and private-sector managed move to continue to bolster and spearhead the country’s charge towards a complete knowledge-based economy before 2020.

MAVCAP is a truly unique venture capital company in the way it is set up and managed. It is committed purely to the technology sectors and will invest in a mix of local and overseas businesses to bring together a successful blend of technologies and entrepreneurial skills.

DIRECT VENTURE

MAVCAP will invest only in sectors and countries it is familiar with. When we invest, we will actively participate in the management and operations of the businesses in which we have direct experience.

We believe that a core factor for success in our investment is personalised attention and extensive involvement between our team and each partner company. We seek to keep a high partner-to-investment ratio so as to ensure each partner company gets the attention it deserves.

Only a select group of companies will qualify under MAVCAP’s stringent investment criteria, and the deserving few will enjoy the best intellectual, business and financial resources at MAVCAP’s disposaL.

Investment Guidelines

No majority positions unless in exceptional circumstances

Size for direct investment other than start-up – typically ranging from RM500,000 – RM10 million per investment depending on the stage of development. Howeverthe maximum investment per company is RM40,000,000. For start-ups, the typical investment will be between RM50,000 to RM500,000

For private equity investment only

Board membership (min. 1 representative on the partner board)

Investment horizon for both initial and follow-on investments – average of 5 years for exit from initial investment

www.mavcap.com

Mayban Ventures Sdn Bhd

Mayban Ventures Sdn Bhd (“Mayban Ventures”) is a private equity management company whose shareholders are Malayan Banking Berhad (70%) and Aseambankers Malaysia Berhad (30%). The company which was incorporated in February 1993 is licensed/registered with Securities Commission of Malaysia.

Being part of the growing private equity investment community, we pool capital from institutional and high networth investors to fund and manage portfolios of privately held investments.

Mayban Ventures manages several private equity funds which invest in companies who need long-term risk capital to finance new projects and business expansion, including risk capital to restructure and turnaround distressed companies opportunities for the funds’ investors to participate in the enhanced value of such companies after completion of such exercise.

As partner and manager in an investee company, Mayban Ventures works towards realising an above average returns for all shareholders in the investee company. During the investment holding’s period, Mayban Ventures will assist its investee company in mapping strategic directions, provide corporate and business development services and access other forms of funding and services available within the Malayan Banking Group.

In principle, Mayban Ventures encourages and acts to accelerate growth such that the investee company will attain the size and enable it to access other sources of funds particularly, public funds. When the investee company has reached such size and stage, Mayban Ventures will invoke steps for investors to realise their investment through 3 options i.e. the stock exchange, to a third party known as trade sale or a sell back to the other shareholders as may be agreed at the outset. Thus far Mayban Ventures has successfully invested in more than 40 companies in Malaysia.

Mindhub Capital

Mindhub Capital is a charismatic Venture Capital / Private Equity company. Our group synergy and strength will ensure that investors and stakeholders’ interest see growth and profit while maintaining integrity and transparency. We will leverage on our vast experience and network to execute investment strategies in various industries. We do not only aim to be one of the leading VC/PE company in the region, but to be one of the most charming and personal in the industry.

Overview
Mindhub Capital is venture capital firm managed by Ryzal Marzuki, Daniel Cahalarn, Michael Vale and William Du that will primarily focus on early to mezzanine stage financing. We look to form partnerships with innovative entrepreneurs to build valued companies.

Our investment team has vast experience in venture capitals, locally and world-wide. We know that great companies are not built in a day. A long term focus on core strengths is the key to building a successful enterprise, therefore we emphasize on taking an active lead role in the companies we venture in.

Understanding the challenges that arise when building a world-class company, Mindhub Capital guides entrepreneurs in the direction of market leadership by utilizing the team’s management experience and broad network of contacts through some of the fastest growing industry sectors.

We focus on great ideas and creating values

Because we invest our expertise, as well as our hard-earned money, we opt to keep our focus trained on the markets and opportunities we know best; high growth technology companies that span from pharmaceutical product applications, data and voice encryption technology and DNA medical testing apparatus.

However, we are always intrigued by promising new ideas in other industries that can bring the best value for our portfolio. Our energies and efforts are directed largely by our sense of what goes into making a company great. We adhere to a simple saying, ‘If great is possible, good is not enough ’.

www.mindhubcapital.com

MIDF Amanah Ventures Sdn Bhd

Spanning over four decades of contributing to the country’s economic growth, Malaysian Industrial Development Finance Berhad (MIDF) today has strengthened its foothold in many segments of the financial services industry.

MIDF was incorporated on 30 March 1960 mainly for the purpose of ensuring access to financing for manufacturing-based small-and-medium enterprises (SMEs) as part of Malaysia’s strategy to expedite the industrial sector development. From boasting the status as Malaysia’s maiden development finance institution, MIDF has over the years transformed into a diversified group.

Following its merger with Amanah Capital Partners Berhad in 2003, the acquisition of Utama Merchant Bank Berhad (UMBB) in 2004, and the establishment of MIDF Amanah Investment Bank Berhad (MIDF Investment) in 2006, the MIDF Group accentuated its ambition to become a leading financial services provider in three core business areas, namely investment banking, asset management and development finance.

A subsidiary of Permodalan Nasional Berhad (PNB), MIDF has total assets of over RM9 billion and shareholders’ funds of over RM2 billion.

INVESTMENT BANKING OVERVIEW

MIDF’s newly formed investment bank, MIDF Amanah Investment Bank Berhad (MIDF Investment), is an integration of four companies within MIDF’s investment banking division namely Amanah Short Deposits Berhad, Malaysia Discounts Berhad, MIDF Sisma Securities Sdn. Bhd. and the former Utama Merchant Bank Berhad. MIDF Investment commenced operations as an investment bank on 3rd January 2007 to combine the expertise of the four companies with long and successful history to provide a whole range of investment banking related activities such as financial advisory, underwriting of equities and debt instruments, treasury activities, and equity-broking services. MIDF Investment is expected to contribute significantly to the MIDF Group’s overall profit in years to come.

ASSET MANAGEMENT OVERVIEW

MIDF’s Asset Management Division comprises MIDF Amanah Asset Management Berhad (formerly known as Amanah SSCM Asset Management Berhad) (MIDF Asset). MIDF Asset provides investment management services with total funds under management of RM5.37 billion as at 31 December 2006.

DEVELOPMENT FINANCE OVERVIEW

MIDF’s Development Finance Division provides medium and long-term conventional and Shari’ah-based financing for new projects as well as expansion, modernisation and relocation programmes primarily in the manufacturing, manufacturing-related services and services sectors in Malaysia.

The division, which focusses on small and medium enterprises (SMEs), extends fixed interest rate financing through project, machinery, factory mortgage and working capital term loans, industrial hire purchase and leasing facilities for the acquisition of machinery and equipment, and also revolving credit and factoring facilities for working capital purpose.

MIDF is designated by the Government of Malaysia to process applications for financing under special soft loan schemes with fixed interest rates as low as 3% and 4% per annum, to disburse government-allocated funds from these schemes to approved applications, and to manage these funds.

INDUSTRIAL PROPERTY OVERVIEW

As a developer of comprehensive and integrated industrial estates, MIDF Property Berhad provides the core business for MIDF’s Property division. MIDF Property Berhad is reputed as Malaysia’s premier industrial estate developer since its inception in 1964 and is backed by an unmatched record of accomplishment of having built over 3,000 units of industrial and commercial buildings in more than 50 locations in each state nationwide. To date, MIDF Property Berhad is marked as an institution and provider of a comprehensive range of industrial terrace, duplex, detached, purpose-built factories and industrial land lots with complementary and commercial property development.

MIDF’s Property division also includes the serviced residence industry. MIDF’s joint-venture project is a five-star serviced residence, The Ascott Kuala Lumpur that offers a full range of facilities including serviced offices.

OTHERS BUSINESSES

Aside from its four core businesses, MIDF also operates in other areas, namely Venture Capital, Serviced Residency, Issuing House and Share Registrar, Money Broking, Logistics and Warehousing as well as Property Development in Indonesia.

Musharaka Private Equity Solutions Sdn. Bhd

Musharaka Private Equity Solutions Sdn. Bhd is the nation’s first Islamic venture capital fund. The company has received good support from the Securities Commission and Malaysia Venture Capital Development Council.

The founder, Encik Nor Idzam Yaakub, has fifteen (15) years of experience in venture capital business (including 7 years in Islamic fund management), was involved in drafting best practices for Islamic venture capital funds. Therefore, it is deemed that the company is not only setting up funds but helping in the drafting of Islamic venture capital guidelines. Encik Nor Idzam’s experience in venture capital originates from his instrumental role in starting up the venture capital arm of Bank Islam. He left Bank Islam last year before starting Musharaka in 2008.

The Fund appointed an independent syariah adviser to vet the fund agreements since it will be a test bed for Islamic venture capital funds. Musharaka also aims to market to foreign investors as well. The company has received funding of RM 30 mil in MAVCAP’s OSP2 Programme for its investment in information, communication and technology sector. The stage of financing covers start-up, mezzanine, expansion, management buy-out (MBO) and acquisition.

Malaysian Venture Capital Association (MVCA)

The Malaysian venture capital industry shoulders a great task of as being one of the drivers for nation’s vision of achieving a fully developed status by 2020. The growth of the domestic economic, which will be fuelled by activities based on knowledge and technology, will rely heavily on funding from sources such as the venture capital industry and private equity. The venture capital industry has to be the catalyst for the spirit of innovativeness that the country is seeking to nurture. With this realization, the Malaysian Venture Capital Association (MVCA) was established on 27 February 1995, with the paramount objective of promoting and developing the Malaysian venture capital industry.

The MVCA also strives, among others, to:

promote, develop and maintain a venture capital industry Malaysia as a source of equity financing for business enterprises principally for the start-up and/or development of small and medium sized enterprises.
stimulate the promotion, research and analysis of venture capital in Malaysia and in other countries.
promote cooperation among members, to encourage joint efforts and business undertakings among members as well as to provide a regular forum for the exchange of views amongst members.
represent, express and give effect to the views and opinions of persons or companies, engaged in the venture capital industry, including making representations to all governmental or public authorities or bodies.
develop and encourage the highest standard of professional ethics in the venture capital industry.
Activities of MVCA include:

Conferences and symposiums on venture capital and issues directly or indirectly related to it.
Regular forum among members on the latest issues pertaining to venture capital.
Conduct dialogues and make presentations to any governmental or public authorities or bodies on behalf of the members on regulatory issues and formation of new venture activities.
Collate, circulate and disseminate commercial statistics related to the venture capital industry.
Collaboration with other venture capital association in the region and other parts of the world for the advancement of the venture capital industry in Malaysia.
Publish and circulate newsletter containing news on the activities and progress of member companies and potential venture opportunities.

Navis Management Sdn. Bhd.

Navis was founded in 1998 in order to make private equity investments in buyouts, recapitalizations and financial restructurings in Asia. The firm contributes both capital and management expertise to a limited number of well-positioned companies with the objective of directing strategic, operational and financial improvements. The firm focuses exclusively on enterprises based in Asia, particularly South and Southeast Asia, where the principals of Navis have lived and worked for many years.

The firm manages several private equity funds, whose Limited Partners include a number of well-known US, European, Middle Eastern and Asian commercial and investment banks, pension funds, insurance companies, corporations, as well as a number of high net worth individuals and family offices. Navis has grown significantly since inception, and now has the largest private equity professional team in Asia, comprising 40 individuals, supported by 20 administrative staff, in six offices across the region.

Navis’ first investment was made in 2000. Navis has recently entered public equities investing with the launch of the Navigator Asia Fund. Navis participates in Cambridge Associates investment performance tracking survey and makes available its absolute and relative investment performance on request. The firm manages approximately US$2 billion in capital commitments.

Performance

Navis is one of the longest standing private equity groups in South and Southeast Asia. The Firm has steadily expanded its operations to capture investment opportunities by building a local presence across South and Southeast Asia. Retaining a focus on its core sector expertise, Navis has selectively invested in companies where it can develop synergies across its portfolio, or drive geographic expansion through its pan-Asian network. The General Partner believes that South and Southeast Asia provide attractive opportunities for private equity investing. The economies of our region have outperformed the US and Europe almost continuously for 30 years in terms of GDP growth. However, many of Navis’ target geographies are relatively immature, creating an underserved private equity market and leaving Navis with little competition. The pan-Asian and international funds with a focus on Asia have not been systematically creating deal flow in South and Southeast Asia to any large extent, instead targeting larger investments in North and East Asia (mainly Japan, Taiwan, mainland China and Korea).

Navis has one of the most established track records in Asian private equity. Since 2000, Navis has made investments in more than 41 acquisitions, of which 7 are follow-on acquisitions, yielding a return consistently in excess of the top quartile benchmarks in our industry.

Value Creation

Navis adopts a hands-on approach to its portfolio companies. As a result, in the case of Navis I/II where Navis’ impact has been felt the longest, approximately three-quarters of the value that Navis has created has been derived through increasing the profits of its portfolio companies, rather than through multiple expansion or financial leverage.

Navis targets established mid-market companies with leadership or near-leadership positions in their respective industry segments, typically with strong brand or market share potential. These companies often have strong, profitable foundations, but typically lack certain key attributes required to transition the company successfully to the next level of size, sophistication and geographic scope. Navis seeks to professionalize these companies and build scale through providing financial and intellectual capital as well as enhancing control through management, governance and system improvements. Such initiatives afford premium returns at exit.

The Navis Asia Navigator Fund

The Navis Asia Navigator Fund invests primarily in listed securities in Southeast Asia adopting a “private equity approach to investing in public equity”. Navigator was launched in August 2005.

Investment Philosophy: Navigator’s investment approach complements that successfully implemented by Navis in private equity investments – fundamentally research driven, value based and long-biased with a focus on smaller to medium sized enterprises. Navigator’s research process is hands-on and the Fund only invests in businesses where the investment team has met and is comfortable with the management. Navigator actively looks for sound businesses neglected by the markets, and seeks to leverage the substantial and broad investment experience of the Navis team in doing so. It is conservatively managed with relatively long investment horizon of 2-3 years or more. The portfolio is not bench-marked against any index, and is moderately concentrated, targeting only 10-15 investment positions (including cash) at any one time. Investment criteria include assessments such as:

  • Is the industry analyzable by us?
  • Are industry fundamentals attractive?
  • Is the business attractively priced at current valuations?
  • Is liquidity in the listed instrument acceptable?
  • Are the levers of value creation in the hands of management?
  • Is the Company a leader or near leader in its markets?
  • Does it have a sustainable competitive advantage?
  • Are the Managers / Owners competent and trustworthy?
  • Is the capital structure appropriate for the business?
  • What are the internally and externally-driven risks as assessed by Navigator?
  • Are these acceptable? Can they be mitigated?
  • Fund Structure: The Fund has a Cayman Islands domiciled, Master/Feeder structure with separate feeder funds for US and non-US Investors. The annual management fee is 1.5% of NAV, with a
  • Manager’s incentive fee of 20% of the annual increase in NAV, subject to high water mark and minimum 5% performance fee trigger. The fund is open ended with monthly NAV valuations and subscriptions. Redemptions are quarterly and subject to 60 days notice, with some prudential limitations. There are no entry or exit fees.

Netval Management Sdn Bhd

NetVal is a Malaysian venture capital firm committed to providing capital and management support to entrepreneurial enterprises in Malaysia and overseas. We provide strategic consultation to innovative growth oriented entrepreneurs with the aim of creating value and wealth by assisting them to build successful companies for mutual benefit.

Find out how your business visions can become reality.

We invite you to learn more about our investment philosophy and us.

The NETVAL Strategy

NetVal focuses on innovative technology-driven businesses at the early stages of their operation as we hold that a well-planned developmental period is critical to a business’s long-term success. We identify entrepreneurs with vision, and help transform that vision into reality in an entrepreneur-friendly manner.

NetVal’s close working relationship with entrepreneurs is aimed at complementing their inherent skills and expertise. We achieve this by looking at the company’s fundamentals to emphasize them by adding value where appropriate. Our contribution often takes the form of an unbiased industry assessment together with the offer of specialised knowledge, operating skills, funding and an extensive network. In building relationships, we understand that the company’s operations are their responsibility and get involved only at strategic phases to enhance business growth.

While we mainly invest in the early stages of a business we also consider involvement in companies who have operated for some time and need additional working capital for strategic expansion and further increase of market share.

Our Focus

We are primarily interested in companies that serve fast growing global markets with the potential to achieve dominance in their own niche. Though this may span a wide range of industries, we currently focus on the following areas:

information technology
the Internet
telecommunications
electronics
healthcare and life sciences
computer software
industrial products
We are, however, keen to talk to entrepreneurs from other areas who are confident of their growth potential.

Investment Size

NetVal’s investments range typically from one to five million Malaysian Ringgit. For larger size investments, we invite strategic co-investors to meet the financial requirements of the entrepreneurs.

Investment Criteria

NetVal is keen to consider participation in businesses that satisfy the following key criteria:

A competent and balanced management team
The appropriate expertise / experience to plan and execute business strategies timely with a visionary leader should be in place

High entry barrier
The new venture should possess sufficiently high barrier characteristics that inhibit too many new entrants in the same market segment

Strong product differentiation with competitive advantages
The product or service should possess distinct benefits with an edge over competitors

High growth potential with a global market
The product or service has a sustainable domestic and international market which can be expanded rapidly

Strong financial control
Sound financial management by firm and competent hands to maximize returns to stakeholders

Excellent business processes
A dynamic yet proficient business principles and systems incorporating total quality management philosophy that can cater for rapid business growth


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