KUALA LUMPUR (April 26): National private equity firm, Ekuiti Nasional Bhd (Ekuinas) posted RM165.7 million in total portfolio gains with an annualised net internal rate of return (IRR) of 20.6%, surpassing its minimum target of 12% and aspirational target of 20%, in its second year of operations.
"We are pleased to report that RM96.6 million or 58.3% of the total portfolio gain was derived from realised dividend income received from the portfolio companies. Furthermore, our portfolio companies now collectively generated more than RM1.0 billion revenue and RM231.9 million in earnings before interest, tax, depreciation and ammortisation (ebitda)," said CEO Datuk Abdul Rahman Ahmad when announcing its 2011 results on Thursday.
Rahman added that subject to the availability of funds, Ekuinas has been allocated some RM600 million with which to invest this year.
For 2012, it had already announced a RM250 million investment in Tanjung Kapal Sdn Bhd, an offshore vessel service provider, to facilitate the de-merger exercise of TANJUNG OFFSHORE BHD [], a listed oil and gas company which it holds a 24% stake.
Its Malaysia Growth Opportunities Fund 1, managed by Navis Capital Partners under Ekuinas' Outsource Programme, had also recently undertaken two minority co-investments in MCAT Box Office Sdn Bhd (MBO) and SEG INTERNATIONAL BHD [] for RM15 million and RM57.5 million respectively.
To date, since its establishment in 2009, Ekuinas has 12 investments under its portfolio with a total committed investment of nearly RM1.2 billion.
"We are pleased to report that RM96.6 million or 58.3% of the total portfolio gain was derived from realised dividend income received from the portfolio companies. Furthermore, our portfolio companies now collectively generated more than RM1.0 billion revenue and RM231.9 million in earnings before interest, tax, depreciation and ammortisation (ebitda)," said CEO Datuk Abdul Rahman Ahmad when announcing its 2011 results on Thursday.
Rahman added that subject to the availability of funds, Ekuinas has been allocated some RM600 million with which to invest this year.
For 2012, it had already announced a RM250 million investment in Tanjung Kapal Sdn Bhd, an offshore vessel service provider, to facilitate the de-merger exercise of TANJUNG OFFSHORE BHD [], a listed oil and gas company which it holds a 24% stake.
Its Malaysia Growth Opportunities Fund 1, managed by Navis Capital Partners under Ekuinas' Outsource Programme, had also recently undertaken two minority co-investments in MCAT Box Office Sdn Bhd (MBO) and SEG INTERNATIONAL BHD [] for RM15 million and RM57.5 million respectively.
To date, since its establishment in 2009, Ekuinas has 12 investments under its portfolio with a total committed investment of nearly RM1.2 billion.
