Focus on pharma manufacturers

TheStar Mon, Apr 22, 2024 12:00am - 4 weeks View Original


Ekuinas CEO Datuk Syed Yasir Arafat Syed Abd Kadir

PETALING JAYA: Fresh from divesting a majority stake in oil and gas (O&G) company Icon Offshore Bhd, government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) is eyeing to invest in some key companies in the pharma manufacturing and industrial machinery sectors in the current quarter.

Without going into details, chief executive officer Datuk Syed Yasir Arafat Syed Abd Kadir told StarBiz the firm hopes to close and announce two investments in the pharma manufacturing and industrial machinery sectors sometime in the second quarter of 2024.

“Generally with our investments, we acquire between 20% and 100% stakes. In deal sourcing and acquisitions, we will continue to take a capabilities-driven approach. We will maintain our focus on targets which have demonstrated capability or have strong potential to scale up the value chain, embrace disruption and move into new markets.

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