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Announced

Kenanga Investment Bank Berhad to acquire i-VCAP Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Malaysia

Majority

Friendly

investment management

Pending

Private

Single Bidder

Asset Managers and Custodians

Domestic

Synopsis

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Kenanga Investment Bank Berhad, an independent investment bank in Malaysia, agreed to acquire i-VCAP Management, an investment management services provider. Financial terms were not disclosed. “The acquisition further expands our ability to build better, more diversified portfolios through our product capabilities across the Group, and enhances the range of solutions available. This addition strengthens our competitive edge in addressing client needs, which will further accelerate the growth of our business," Datuk Chay Wai Leong, Kenanga Group Managing Director.

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