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New Deal


Announced

Completed

CVC Capital Partners completed a $358m investment in Affin Hwang Asset Management.

Financials

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Transaction Value£266m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Private Equity

Malaysia

Asset Managers and Custodians

asset management

Single Bidder

Acquisition

Cross Border

Majority

Private

Completed

Synopsis

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CVC Capital Partners, a British private equity and investment advisory firm, completed a $358m investment in Affin Hwang Asset Management, a Malaysian asset management firm. “The completion of the transaction today marks an exciting new chapter for Affin Hwang AM together with our valued clients. With a fortified shareholder strength, the synergy from our partnership with CVC as well as our longstanding partner Nikko Asset Management will allow us to expand our capabilities and broaden our suite of offerings. This include leveraging on CVC’s expertise in private markets and alternative asset classes to drive growth in our wealth management business as well as spearhead new digital solutions,” Dato' Teng Chee Wai, Affin Hwang AM Managing Director.

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