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KV Asia Capital Supports Management to Acquire APIIT Education Group

Key Highlights:

  • The key management of APIIT Education Group (APIIT Group) together with KV Asia Capital and its partners have acquired 100% of APIIT Group.
  • Ekuiti Nasional Berhad (Ekuinas), the government-linked private equity fund management company, divested its entire stake in APIIT Group.
  • KV Asia Capital will work closely with the key management team of APIIT Group to drive continued success in growing and enhancing the group.

KUALA LUMPUR, 9 January 2018: KV Asia Capital and its partners announced that they have supported the management team to acquire a 100% equity interest in the APIIT Education Group (APIIT Group), comprising Asia Pacific Schools (APS), Asia Pacific University of Technology & Innovation (APU) and Asia Pacific Institute of Information Technology (APIIT) from Ekuiti Nasional Berhad (Ekuinas), the government-linked private equity fund management company, based on an enterprise value of RM725.0 million.

In Q2 2017, APU launched its state-of-the-art campus in Technology Park Malaysia, providing new technologies to enhance student experience as part of the value creation plan for the Group. KV Asia Capital intends to work closely with management in their efforts to enhance student experience and outcomes and to grow the number of students.

Karam Butalia, Executive Chairman & Co-Founder of KV Asia Capital said “We are very pleased to support the high-calibre and dedicated management team of APIIT Group to invest in the leading education group that they have built. We will continue to help the management team achieve their vision to further enhance the quality of education and outcomes for the students and grow APIIT Group”.

Ekuinas Chief Executive Officer, Syed Yasir Arafat Syed Abd Kadir said, “We believe we have found the right home for APIIT Group to steer the institutions towards continued success with the new owners which includes the existing key management team of APIIT Group with combined experience of more than 100 years in the industry. KV Asia Capital, with its team of reputable and experienced managers, have managed, led, and developed businesses across Asia. This will introduce new skills and experience into the Group to complement the expertise of the existing key management team, ensuring a smooth transition and business continuity for the Group with minimal disruption to the students’ learning.”

The key management team of the APIIT Group of Companies thanked Ekuinas for the invaluable support they have provided to the Group over the years. “We look forward to our new partnership with KV Asia Capital in continuing to grow and enhancing the group”.

About KV Asia Capital

KV Asia Capital is a private equity fund focused on mid market investments across Southeast Asia.  Headquartered in Singpore with offices in Malaysia and Indonesia, the firm invests in the right people and business opportunities across a range of industries, including consumer, healthcare, manufacturing and services.  KV Asia Capital has a decidcated and experienced team, with a disciplined approach to investing in growth, quality and value.  Other notable invesments include Orange Valley Healthcare, Aalst Chocolate, TF Value-Mart and DXN Holdings.

 

Contacts:

Karamjit Butalia, Executive Chairman and Co-Founder, KV Asia Capital Pte. Ltd., karam.butalia@kvasiacapital.com, +65 6654 1288