vc & pe directory 2009

M A L A Y S I A NVenture Capital & Private EquityD I R E C T O R Y

2009

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MVCDC 2009 - Contents.indd 4 13/5/09 1:32:53 PM

MALAYSIAN VENTURE CAPITAL& PRIVATE EQUITY

DIRECTORY 2009


c Table of Contents

Foreword by:• YBhg Dato’ Sri Zarinah Anwar Chairman, Malaysian Venture Capital Development Council • David Fong Chairman, Malaysian Venture Capital and Private Equity Association

1

3

Overview & Update on the Malaysian VC industry • Snapshot of the Industry

4

Regulatory framework & Incentives• Guidelines • Islamic VC/PE • Tax Incentives • Exit mechanism

9

Malaysian Venture Capital Development Council• Background• Council Members

11

Malaysian Venture Capital & Private Equity Association • Background• Committee Members

12

Directory• Listing of registered Venture Capital Corporations and Venture Capital

Management Corporations • Details of VCC and VCMC

15

Sponsors Advertisements 78

List of Press Releases, Keynote Addresses & Welcoming Remarks 82

Common Terminologies 83

Useful Links 91


MALAYSIANVENTURECAPITAL&PRIVATEEQUITY2009 �

c Forewordby

Dato’SriZarinahAnwar Chairman,MalaysianVentureCapitalDevelopmentCouncil

It ismypleasure to introduce thisfirsteditionof theVenture

CapitalandPrivateEquityDirectory2009,whichaimstoserve

asareferencepointforentrepreneurs,institutionsandinvestors

togainuseful,currentandrelevantinformationontheMalaysian

venturecapitalindustry.

Notably,thisdirectoryisajointprojectbetweentheMalaysian

VentureCapitalDevelopmentCouncil(MVCDC)andtheMalay-

sianVentureCapitalandPrivateEquityAssociation(MVCA).

Considerableeffortandthoughthavebeenput intoensuring thatpertinent topicsare

featuredinthisdirectory.Amongothers,thisdirectoryprovidescomprehensiveinformation

onthelatestavailableindustrystatistics,relevantregulatoryrequirements,recentwriteups

andarticles,andmostimportantly,specificdetailsoftheregisteredventurecapitalcorpo-

rationsandventurecapitalmanagementcorporations.

The Malaysian government has long acknowledged the strategic importance of the

venturecapital industryasasourceoffundingforgrowth.Venturecapitalfinancingfills

thevoid incaseswherebank lendingor fundraising throughthedebtorequitymarket

provehardtoobtain.Overtheyears,venturecapitalistshavebeenassistingentrepreneurs

andinvesteecompaniesindevelopingandmarketingtheirproductslocallyandabroad.It

wasalsoacceptedthattheventurecapitalists’investmentsinhighgrowthsectors–such

as information and communication technology and biotechnology – are instrumental in

propellingMalaysia’smovetowardaninnovation-basedeconomy.

Assuch,theventurecapitalindustryhasbeengrantedvariousformsofsupporttofacilitate

itsgrowthanddevelopment.Iampleasedtonotethatthetotalcommittedfundsforventure

capital investments grew significantly from RM3.3 billion in 2007 to RM4.6 billion in

December2008.Notwithstandingthepromisingtrend,wemustcontinueourdevelopmental

efforts,oneofwhichistoeducateinvestorsandpromoteventurecapitalfinancing.

MVCDC 2009 - Foreword.indd 1 13/5/09 2:21:16 PM

� MALAYSIANVENTURECAPITAL&PRIVATEEQUITY2009

I envisage this directory will effectively create much-needed awareness among industry

playersfromboththeventurecapitalistandentrepreneurialsidesonthevariousrequirements,

benefits,andfundingavailabilitiesthatcurrentlyexistinthissegmentofthemarket.Ibelieve

thatgreaterawarenessiskeytothecreationofmoreventurecapitalactivities,aswellasthe

entryofnewtalentandskills,whichwillultimatelyintroducegreatervibrancyintotheventure

capitalindustry.

Dato’ Sri Zarinah Anwar



c Forewordby

MrDavidFong Chairman,MalaysianVentureCapitalandPrivateEquityAssociation

Itgivesmegreatpleasuretowritethisforewordtotheinaugural

issueoftheVentureCapitalandPrivateEquityDirectory.

TheDirectoryisacollaborativeeffortbetweenMalaysianVenture

Capital Development Council (MVCDC) and the Malaysian

VentureCapital&PrivateEquityAssociation (MVCA). Asan

association,MVCAhasbeeninexistencesince1995.Sincethen,

Malaysia’sVentureCapitalindustryhasgrownsignificantlyand

inrecentyears,wehaveseentheemergenceofPrivateEquity.

Today, theAssociationhasnearly40members andMalaysia

consistentlyranksasoneofthemoreactivemarketsinSouthEastAsiaforVentureCapital

andPrivateEquityconfirmingitsgrowingimportanceasanimportantfinancialactivity.As

such,thepublicationofthisDirectoryistimely.

Even thoughVentureCapital remains relativelynew inMalaysia, ithasquicklybecomea

recognized and important source of capital, particularly for companies at early stage of

growth.Similarly,theemergenceofPrivateEquityhasprovidedcompaniesatalaterstage

ofgrowthwithexpansionormezzaninecapitalandalsoasourceoffundingforBuy-Outs

orDistressedSituations.Unlikebefore,entrepreneurstodayhavetheoptionofturningto

VentureCapitalorPrivateEquityasalternatefundingtotraditionalsourcessuchasbanks.

ThisDirectorywillprovidebusinesseswithacomprehensivelistingofVentureCapitaland

PrivateEquityfirmsthatareactiveinMalaysia.

Apartfrombusinesses,theDirectorywillprovideausefulreferencetopartiesinandoutof

MalaysiawhoareinterestedintheMalaysianVentureCapitalandPrivateEquityIndustry.Itis

ourhopethattheDirectorycanovertimebecomethedefinitiveguidetoourindustry.

Finally, we would like to thank our colleagues in MVCDC for their collaboration towards

producingthisDirectory.

David Fong


� MALAYSIANVENTURECAPITAL&PRIVATEEQUITY2009

c Overview&UpdateontheMalaysianVCindustry

SnapshotoftheIndustry

Venture Capital Industry Performance in �008

Table 1

Venture Capital Industry Participants

��-Dec-08 ��-Dec-07

Numberofregisteredventurecapitalfunds/companies 56 52

NumberofregisteredVCMCs 52 46

Numberofinvesteecompanies 450 433

Numberofventurecapitalprofessionals 248 132

Shareholding Structure

100%localownership 98 93

Jointventures 9 5

100%foreignownership 1 0

The number of venture capital companies (VCC) and venture capital management companies(VCMC) registered with the SC under the Guidelines for the Registration of Venture CapitalCorporationsandVentureCapitalManagementCorporationsincreasedto108(Table1)asat31Decemberrepresentingagrowth10%year-on-year.Outofthese108VCCsandVCMCsregisteredwiththeSC,98were100%locallyownedwhileninewerejointventures.InAugust,theindustryalsosawtheentranceofJapanAsiaInvestmentCo.Ltd(JAIC)asthefirst100%foreign-ownedVCC.The totalnumberof investeecompaniesbenefiting fromventurecapital fundingrose from433to450,anincreaseof4%year-on-year.Additionally,thenumberofventurecapitalprofessionalsincreasedfrom132to248asatendof2008representingasubstantialincreaseof88%.



Table 2

Venture Capital Investments

(RM million)

��-Dec-08 ��-Dec-07

Totalcommittedfundsundermanagement 4,570 3,308

Totalinvestmentasatendoftheperiod 1,929 1,784

�008 �007

Investmentininvesteecompanies 477 479

Divestments 45 105

ThetotalcommittedfundsforventurecapitalinvestmentgrewsignificantlytoRM4.6billion(Table2)asat31December,comparedtoRM3.3billionin2007representinganoverallincreaseof38%.TheincreasewaslargelyduetoahighercontributionbygovernmentagenciesamountingtoRM2billionin2008asopposedtoRM1.2billionin2007.Similarly,contributionsfromcorporations,banks,pensionandprovidentfundalsoshowedanincreasefromlastyear.

Table 3

Amount of Investments and Number of Investee Companies by Financing Stage

Business StageTotal Investment

(RM ’000)% of Total Investment

No. of Investee Company

Seed 12,757 3 31

Start-up 3,000 1 3

Earlystage 82,785 17 21

Expansion/growth 298,632 62 65

Bridge/Mezzanine/pre-IPO 60,366 13 11

Managementbuy-in 11,500 2 2

Others 7,571 2 1

Total �76,6�� 00 ��

Thetotalamountofventurecapitalinvestmentsasatendof2008stoodatRM1.9billion,anincreaseof8%fromRM1.8billioninvestedasatendof2007.Duringtheyear,RM477millionwereinvestedin134investeecompanies(Table3)ascomparedto2007whereRM479millionwereinvestedin121investeecompanies.Theoverall increaseseeninalmostallofthekeyindicatorsreflectthesteadyandsustainedgrowthandexpansionoftheventurecapitalindustry.


6 MALAYSIANVENTURECAPITAL&PRIVATEEQUITY2009

Chart 1

Source of Venture Capital Funds (�008:RM�.�7 billion)

Local companies26.76%

Foreign companies& individuals

11.64%

Banks7.65%

Pension & provident2.39%

Local individuals2.95%

Government agencies47.88%

Insurance0.72%

OutofRM4.6billioncommittedfundsundermanagementasatendof2008,theRM2.2billion(Chart1)wassourcedfromgovernmentagencies.Althoughgovernmentagenciescontinuedtoprovidethelargestportionoftotalfundsundermanagement,thecontributionsfromlocalcompanieshadalsoincreasedfromRM1.1billionin2007toRM1.2billionin2008.Thepercentagecommittedbylocalcompaniesrepresented27%oftotalfundscommittedtotheindustry.OverallcontributionfromforeigncompaniesandindividualshadalsoincreasedfromRM308millionin2007toRM532million in 2008. The contribution from pension and provident funds and insurance companiesremainedrelativelysmallcomparedtocontributionsfromothersources.OutofRM477million(Table3)investedin2008,62%amountingtoRM299millionwereinvestedin65investeecompaniesattheexpansion/growthstage.Additionally,17%ofthetotalinvestmentsmadeduring2008wereforinvesteecompaniesattheearlystage.

Total amount invested in companies at the seed stage continued to be comparatively small,representingonly3%oftotalinvestmentsmadein2008.MalaysiaVentureCapitalManagementBhd(MAVCAP)continuedtoplaya leadrole infinancing investeecompaniesat theseedstagewhere28outofthe31investeecompanieswererecipientsofMAVCAP’sfunds.


MALAYSIANVENTURECAPITAL&PRIVATEEQUITY2009 7

Chart 2

Investment by Sectors

During 2007During 2008

Percentage (%)

IT & Communication

Manufacturing

Life Sciences

Others46.6%

36.1%

25.9%

18.0%

15.2%

18.5%

12.3%

27.4%

Intermsofsectorclassification,27.4%(Chart2)oftotalinvestmentsduring2008weremadeinthemanufacturingsectorcomparedto18.5%intheITandcommunicationsectorand18.0%inlifesciences.Investmentinsectorsclassifiedunderthecategoryof‘Others’weremainlycontributedtoinvestmentsinsectorssuchaseducation,transportation,electricityandpowergenerationandtransport, storage and communication, signaling the increased diversity of investments by theVCCs/VCMCs.



Table 4

Divestments During �008

BusinessStage Total(RM’000) ShareofTotal(%)

No.ofVentureCompany

Seed - - -

Start-up - - -

Earlystage 262 0.58 1

Expansion/growth 17,605 39.02 4

Bridge/mezzanine/pre-IPO 22,982 50.94 5

ManagementBuy-out 6 0.01 2

ManagementBuy-in - - -

Turnaround - - -

Cashing-out 3,316 7.35 3

Others 946 2.10 3

TOTAL ��,��7 �00 �8

Table4showsthatthetotalamountdivestedduringtheyearwasRM45million.90%ofdivestmentsofnineinvesteecompaniesweremadeattheexpansion/growthorbridge/mezzanine/pre-IPOstages.Thecategory“Others”includesfundsdisposedviasellingofsharesinthesecondarymarket.



c RegulatoryFrameworkandIncentives

The government has formulated a favourable regulatory framework to promote a conducive environment for market players and investors to participate in the venture capital industry. The current legislations affecting the industry are briefly described below: 1. GuidelinesfortheRegistrationofVentureCapitalCorporationsandVentureCapital

ManagementCorporations

Venture capital corporations (VCC) and venture capital management corporations (VCMC) are given the “registered person” status under Schedule 4 of the Capital Markets and Services Act 2007. Corporations seeking to qualify as a VCC or VCMC must apply to be registered with the SC and comply with the provisions of the guidelines.

The guidelines include the criteria for registration, fit and proper criteria for designated persons, registration procedures and continuous compliance obligations required of the registered VCC and VCMC. It also stipulates the type of activities allowed under the registration status.

A registration kit can be obtained from the SC’s website or the Licensing Department to facilitate the registration process and administer the submission of the periodic reports and other additional documents.

2. GuidelinesandBestPracticesonIslamicVentureCapital

A registered VCC/VCMC intending to establish an Islamic VCC or Islamic VCMC must comply with the Guidelines and Best Practices on Islamic Venture Capital. This document is divided into two parts: Part 1 stipulates the core requirements for establishing an Islamic VCC or an Islamic VCMC while Part 2 sets out the best practices which are highly encouraged in creating prudent Islamic standards in the industry.

A Shariah adviser must be appointed for the establishment of an Islamic VCC or VCMC and the activities of the venture companies must be Shariah compliant. The provisions under the best practices are voluntary in nature and reflect the level of expectations from the SC. The best practices cover the responsibilities of the Shariah adviser, appointment and roles of a compliance officer, and other administrative matters relating to portfolio management and maintenance of accounts. The adoption of these best practices will raise the standards of the Islamic venture capital industry and enhance professionalism in the industry.

The guidelines and best practices set the benchmark for both the Islamic venture capital industry and are intended to promote the growth of the industry.

MVCDC 2009 - Regulatory Framewor9 9 13/5/09 2:22:35 PM


3. GuidelinesfortheAnnualCertificationforTaxIncentivesfortheVentureCapitalIndustry

A venture capital company registered with the SC may apply for either tax exemption or tax deduction. The tax incentive guidelines detail the qualifying criteria and application procedures for submitting a tax application.

To benefit from the tax exemption, a VCC must meet the following quantitative requirements:

• At least 50% of its invested funds must be invested in investee companies in the form of seed capital; or

• At least 70% of its invested funds is invested in investee companies in the form of seed, start-up or early-stage financing.

An individual or a company may qualify for the tax deduction upon meeting these requirements:

• The company or the individual must be a Malaysian resident with investments in qualified investee company in the form of seed capital, start up or early stage financing; and

• Investments must be placed in unlisted shares of qualified investee company at the time of acquisition with a holding period of at least two years before disposal.

All application forms and relevant documents are to be submitted to the Market Development Department for approval on an annual basis. A certification letter will be issued by the SC upon approval which is to be attached to the tax return form for submission to the Inland Revenue Board.

All the above-mentioned guidelines can be downloaded from the SC’s website, www.sc.com.my.

ExitMechanism–MESDAQMarket

The MESDAQ Market was launched on 6 October 1997 to cater for the listing of high growth technology-based companies. The MESDAQ Market is part of Bursa Malaysia. Examples of venture-backed companies listed on the MESDAQ market are Jobstreet Corporation Bhd, mTouche Technology Bhd, BCT Technology Bhd and Unreal Mind Interactive Bhd. In 2008, there were two venture capital-backed companies listed on the MESDAQ Market i.e. Fibon Bhd and Key Asic Bhd.

On 8 May 2009, the Securities Commission and Bursa Malaysia announced the transformation of MESDAQ Market to a sponsor-driven alternative market, catering for companies of all sizes and from all economic sectors. The alternative market, to be known as ACE Market, will be effective from 3 August 2009.



Background

The venture capital industry plays a significant role in promoting business creation and entrepreneurship, which contribute towards the overall development of the capital market. The Malaysian Government has long recognized the importance of venture capital as an alternative source for financing businesses when direct bank lending, or funds through the debt or equity market may be difficult to obtain.

The Malaysian Venture Capital Development Council (MVCDC) was established in January 2005 under the chairmanship of the Securities Commission, Malaysia (SC). Its members, comprising representatives of the public and private sector, are appointed by the Minister of Finance on the recommendation of the SC.

The Council acts as a platform to facilitate the development of the venture capital industry by coordinating the Government’s initiatives and incentives in charting the industry’s strategic direction. The Council also acts as a conduit for policymakers and industry players to discuss matters pertaining to the development of the industry.

TheCouncilmembersare-

Dato’SriZarinahAnwarChairman, Securities Commission, Malaysia DatukLatifahDatukAbuMansorDeputy Secretary General of Treasury DatinMadinahMohamadDeputy Chief Secretary, Ministry of Science Technology and Innovation ChokKweeBeeExecutive Director, BI Walden Management Ketiga Sdn Bhd IsmaelFarizAliExecutive Director of Investment, Khazanah Nasional Bhd HusniSallehChief Executive Officer, Malaysian Venture Capital Management Bhd DarawatiHussainDirector, Private Equity, CIMB Investment Bank Bhd

NorhalimYunusChief Executive Officer, Malaysian Technology Development Corporation



AboutMalaysianVentureCapital&PrivateEquityAssociation(MVCA)

The Malaysian venture capital industry shoulders a great task of being one of the drivers for the nation’s vision in achieving a fully developed status by 2020. The growth of the domestic economic, which will be fuelled by activities based on knowledge and technology, will rely heavily on funding from sources such as the venture capital industry and private equity. The venture capital industry has to be the catalyst for the spirit of innovativeness that the country is seeking to nurture. With this realization, the Malaysian Venture Capital and Private Equity Association (MVCA) was established on 27 February 1995, with the paramount objective of promoting and developing the Malaysian venture capital industry.

The MVCA also strives, among others, to: • promote, develop and maintain a venture capital and private equity industry in Malaysia as a

source of equity financing for business enterprises principally for the start-up and/or development of small and medium sized enterprises.

• stimulate the promotion, research and analysis of venture capital and private equity in Malaysia and in other countries.

• promote cooperation amongst members, encourage joint efforts and business undertakings as well as to provide a regular forum to exchange and sharing of views, experience and knowledge

• represent, express and give effect to the views and opinions of persons or companies, engaged in the venture capital and private equity industry, including providing representations to all governmental or public authorities or bodies.

• develop and encourage the highest standard of professional ethics in the venture capital industry.

Activities of MVCA include: • Conferences and symposiums on venture capital and private equity and issues directly or

indirectly related to it. • Regular forum among members on the latest issues pertaining to venture capital and private

equity. • Conduct dialogues and presentations to any governmental or public authorities or bodies on

behalf of the members on regulatory issues and formation of new venture activities. • Collate, circulate and disseminate commercial statistics related to the venture capital industry. • Collaboration with other venture capital association in the region and other parts of the world for

the advancement of the venture capital industry in Malaysia. • Publish and circulate e-newsletter containing news on the activities and progress of member

companies and potential venture opportunities.



MVCACommitteeMembers(2008-2009)

ExecutiveCommittee2008-200�

Chairman DavidFong (iSpring Venture Management Sdn Bhd)

Vice Chairman ShaikTaufikShaikYusoff (Malaysia Venture Capital Management Bhd)

Honorary Secretary ZahariahZabidin (Malaysian Technology Development Corporation Sdn Bhd)

Honorary Treasurer NurrinanuwarShamsuddin (Lembaga Tabung Haji Bhd)

ManagementCommittee2008-200�

AzamAzman(CMS Opus Sdn Bhd)

MohamadHazaniHassan(Kumpulan Modal Perdana Sdn Bhd)

WilliamDu(MIRC Ingenious Capital Partners Sdn Bhd)

ZainnurainOthman(Mayban Ventures Sdn Bhd)

ChokKweeBee(BI Walden Ketiga Sdn Bhd)

DarawatiHussain(CIMB Private Equity & Venture Capital)

KootChiewHwa(Affilion Advisory Sdn Bhd)



c Directory

List of Registered Venture Capital Corporation (as at 31 January 2009)

No Name of VCC1 Arris Venture Sdn. Bhd.

2 AmPrivate Equity Sdn. Bhd.

3 Banyan Venture One Sdn. Bhd.

4 BI Walden Ventures Ketiga Sdn. Bhd.*

5 BIMB Musyarakah Satu Sdn. Bhd.*

6 Bumiputera and Technology Venture Capital Sdn. Bhd.

7 Cache Ventures 1 (M) Sdn. Bhd. *

8 CIMB Mezzanine 1 Sdn. Bhd.

9 CIMB Private Equity 1 Sdn. Bhd.

10 Commerce Technology Ventures Sdn. Bhd.

11 CMY Incubator Sdn. Bhd.

12 Continuum Capital Sdn. Bhd.

13 Creative Dynamic Resources Sdn. Bhd. *

14 HDM Private Equity Sdn. Bhd.

15 DTA Growth Capital Sdn. Bhd.

16 Ekuiti Teroka (Malaysia) Sdn. Bhd. *

17 Ethos Capital One Sdn. Bhd.

18 Expedient Equity Ventures Sdn. Bhd.

19 General & Global Equities Sdn. Bhd. *

20 Inertia AIF Sdn. Bhd.

21 Inflexion PEF Sdn. Bhd.

22 iSpring Capital Sdn. Bhd.

23 Japan Asia Investment Co. Ltd

24 Jaringan Gagasan Sdn. Bhd.

25 Kenanga Renewable Energy Ventures Sdn. Bhd. *

26 Malaysian Life Sciences Capital Fund Ltd

27 Malaysian Technology Venture Two (Agriculture) Sdn. Bhd. *

28 Mavcap Biotech Sdn. Bhd.

29 Mavcap ICT Sdn. Bhd.

30 Mavcap Photonics Sdn. Bhd.

MVCDC 2009 - Directory 2 NEW.ind15 15 13/5/09 1:38:29 PM


No Name of VCC31 Mavcap Technology Sdn. Bhd.

32 Mayban Venture Capital Company Sdn. Bhd.

33 Mezzanine Capital (Malaysia) Sdn. Bhd.

34 Momentum STI Sdn. Bhd.

35 MSC Venture One Sdn. Bhd.

36 Mutiara Makmur Ventures Sdn. Bhd.

37 Musharaka Tech Venture Sdn. Bhd.

38 Netrove Asia Sdn. Bhd.*

39 Netval Ventures Sdn. Bhd.

40 OSK Technology Ventures Sdn. Bhd.

41 OSK Venture Equities Sdn. Bhd.

42 Oxfordtrax Sdn. Bhd.

43 Renong Ventures Sdn. Bhd. *

44 Resilient One Sdn. Bhd.

45 S.B. Venture Capital Corporation Sdn. Bhd. *

46 Singularity Ventures Sdn. Bhd.

47 Soligress Portfolio Sdn. Bhd.

48 Spring Hill Bioventures Sdn. Bhd.

49 Teak Ventures Sdn. Bhd.

50 Technology Asia Ventures Sdn. Bhd.

51 THG Capital Sdn. Bhd.

52 Trans Econ Venture Sdn. Bhd.

53 VF Capital Sdn. Bhd.

* The company is currently inactive



List of Registered Venture Capital Management Corporation(as at 31 January 2009)

No Name of VCMC

1 Arris Venture Management Sdn. Bhd.

2 Banyan Ventures Sdn. Bhd.

3 BI Walden Management Ketiga Sdn. Bhd. *

4 BIMB Venture Capital Sdn. Bhd. *

5 BTV Management Sdn. Bhd.

6 Cache Capital (M) Sdn. Bhd.

7 CAV Private Equity Management Sdn. Bhd.

8 CIMB Private Equity Advisors Sdn. Bhd.

9 CMS Opus Private Equity Sdn. Bhd.

10 Commerce-Meridian Capital Sdn. Bhd. *

11 Crescent Equity Management Sdn. Bhd. *

12 HDM Capital Management Sdn. Bhd.

13 DTA Venture II Sdn Bhd

14 DTA Ventures Management Sdn. Bhd.

15 Ethos Capital Sdn. Bhd.

16 Exelasia Capital Sdn. Bhd. *

17 Expedient Equity Sdn. Bhd.

18 Expedient Equity Two Sdn. Bhd.

19 FirstFloor Capital Sdn. Bhd.

20 Goldis Capital Sdn. Bhd.

21 Ingenious Haus Sdn. Bhd.

22 Intelligent Capital Sdn. Bhd.

23 Intrasys Sdn. Bhd.

24 iSpring Venture Management Sdn. Bhd.

25 Kenanga Private Equity Sdn. Bhd.

26 Kumpulan Modal Perdana Sdn. Bhd.

27 Malaysian Life Sciences Capital Fund Management Company Ltd*

28 Malaysia Venture Capital Management Bhd.

29 Malaysian Technology Development Corporation Sdn. Bhd.

30 Malaysian Ventures Management Incorporated Sdn. Bhd.

31 Matrix Divine Sdn. Bhd. *

32 Mayban Ventures Sdn. Bhd.



No Name of VCC33 MSC Venture Corporation Sdn. Bhd.

34 MTDC Penang Sdn. Bhd. *

35 MTDC Private Equity Management Sdn. Bhd. *

36 MIDF Amanah Ventures Sdn. Bhd.

37 Musharaka Venture Management Sdn. Bhd.

38 Netrove Partners Sdn. Bhd.

39 Netval Management Sdn. Bhd.

40 OSK Private Equity Management Sdn. Bhd.

41 Pembangunan Ekuiti Sdn. Bhd.

42 Photonics Venture Capital Sdn. Bhd.

43 RHB Private Equity Holdings Sdn. Bhd.

44 SCS Capital Sdn. Bhd.

45 Spring Hill Management Sdn. Bhd.

46 Tech And Bio Incubator Sdn. Bhd.

47 Teak Capital Sdn. Bhd.

48 Trupartners Sdn. Bhd.

49 Vida Partners Sdn. Bhd. *

50 Vida Managers Sdn. Bhd. *

51 Zen Capital Partner Sdn. Bhd.

* The company is currently inactive



1 Arris Venture Sdn BhdAddress 39, Jalan Kenari 17C, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan

Telephone +603 8076 3063

Fax +603 8073 1232

Email [email protected]

Investment Information

Size of Investment

Between RM1 million to RM5 million Fund Size Below RM5 million

Source of Capital

Private Individuals Industry Preference

Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechFinancial Service

Type of Financing

Equity Primarily

Portfolio Management

Sit on BoardActive Management AdviceFinancial Advice

Financing Role

Lead InvestorParticipate in Syndicates

Preferred Investment Stage

Mezzanine/Pre-IPO Geographical Preference

Southeast Asia Asia Pacific Asia Europe

Management Information

Management Team

1. Dato’ Paduka Khairuddin bin Abu Hassan2. Chew Por Yan3. Loh Lim Hock

DirectorDirectorDirector

Contact Person(s)

1. Chew Por Yan2. Loh Lim Hock

DirectorDirector

Other Information

Company Description

To source for venture fund and provide venture fund to high potential growth company in the field of Biotechnology, IT and Advance Science companies.

2 AmPrivate Equity Sdn BhdAddress Level 15, Bangunan AmBank Group, No. 55, Jalan Raja Chulan, 50200 Kuala Lumpur

Telephone +603 2078 2392

Fax +603 2072 8253



Size of Investment

Up to RM20million Fund Size RM50 million to RM100 million

Source of Capital

Banks Pension Funds

Industry Preference

Information TechnologyHigh/Nano TechnologyMarine/MaritimePowerManufacturingConsumer ProductsFinancial Service

Type of Financing

Equity Primarily



Details of Registered Venture Capital Corporations (VCCs)



Financing Role


Geographical Preference

Southeast Asia


Expansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-InsPIPE FinancingPrivatisation


Year Founded 2006

Management Team

1. Francis Ng Lin Fatt2. Lim Yong Lee

Chief Executive OfficerChief Investment Officer

Contact Person(s)

1. Francis Ng Lin Fatt Chief Executive Officer

Other Information

Company Description

AmPrivate Equity is a registered VC with a RM100 million fund that invests in target sectors which include manufacturing concerns on key growth industries, business services, resource-based manufacturing, environmental services, energy services, logistics services, and promising information and communications technology (ICT) companies with proven track record.

Portfolio a. Soon Soon Oilmills Sdn Bhdb. CDS Freight Holdings Limitedc. IEV Energy Sdn Bhd

3 Banyan Ventures Sdn Bhd Address Suite A3A07, Block A, Phileo Damansara 1, No. 19, Jalan 16/11, 46350 Petaling Jaya, Selangor

Telephone +603 7956 8108

Fax +603 7956 0736

Email [email protected]@gmail.com


Size of Investment

Less than RM5 million Fund Size Less than RM5 million

Source of Capital


Information TechnologyComputer RelatedElectronicAgrotechManufacturingConsumer Products

Type of Financing

Equity PrimarilyMinority Equity


Active Management AdviceFinancial Advice

Financing Role



Southeast Asia


Expansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-Ins


Year Founded 2000

Management Team

1. Dr. CJ Lim 2. Encik Omar Merican3. Eileen Tan

PrincipalDirectorChief Executive Officer and Director

Contact Person(s)

1. Eileen Tan Chief Executive Officer



4 Bumiputera and Technology Venture Capital Sdn Bhd Address Level 14, Menara Boustead Penang, Jalan Sultan Ahmad Shah, 10050 Pulau Pinang

Telephone +604 227 4297

Fax +604 227 4300



Size of Investment

RM1 million to RM5 million Fund Size RM5 million to RM50 million

Source of Capital

Corporations Industry Preference

Information TechnologyElectronicAgrotechPowerManufacturing

Type of Financing

Equity Primarily


Sit on Board

Financing Role



Malaysia Only


Expansion/Growth CapitalMezzanine/Pre-IPO


Year Founded 1996

Management Team

1. Asad Sidon 2. Shaik Othman Hussin

Chief Executive OfficerInvestment Manager

Contact Person(s)

1. Asad Sidon Chief Executive Officer

5 CIMB Mezzanine 1 Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209

Website www.cimb.com


Size of Investment

USD2 million to USD10 million Fund Size RM50 million to RM100 million

Source of Capital

Government AgenciesBanksCorporationsPension FundsPrivate Individuals

Industry Preference

General mandate

Type of Financing

Minority Equity Geographical Preference

Southeast Asia



Financing Role





Mezzanine/Pre-IPO


Year Founded 2004

Management Team

1. Darawati Hussain 2. Daniel Hoh

DirectorDirector

Contact Person(s)


DirectorDirector

Other Information

Company Description

The objective of CIMB Mezzanine Fund I is to invest in Shariah compliant companies which aim to list on the Bursa Malaysia and other Association of South East Asian Nations’ (ASEAN) bourses and are within 12 months from their intended public listing. The Fund will also participate in corporate exercises of listed companies on these exchanges.

The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million. For details of PEVC, please refer to CIMB Private Equity 1 on page 23.

6 CIMB Private Equity 1 Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209



Size of Investment


Source of Capital


Industry Preference

General mandate

Type of Financing

Minority EquityMajority Equity


Southeast Asia



Financing Role



Expansion/Growth Capital Mezzanine/Pre-IPOBuy-Outs/Buy-InsPrivatisation


Year Founded 2005

Management Team


DirectorDirector

Contact Person(s)


DirectorDirector



Other Information

Company Description

The objective of the CIMB Private Equity Fund I is to make privately negotiated investments in Shariah compliant public and private companies. The fund provides equity capital to mature companies in most industrial sectors seeking capital for expansion, buyouts and privatization. The fund does not invest in construction, property development and early stage companies. The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million. CIMB Private Equity & Venture Capital was created from a merger between the Private Equity unit of CIMB Investment Bank and Commerce Asset Ventures, the venture capital arm of the CIMB Group. The Private Equity unit of CIMB Investment Bank was formed in 2001 while Commerce Asset Ventures was formed in 1997.

The merged entity has a multi-fund strategy and manages more than 11 funds focusing on a wide range of industries and business stages including:

• Commerce Technology Ventures – Early to late stage companies focusing on information communications & technology, biotechnology and advanced manufacturing.

• Commerce Agro Ventures/Commerce KAT – Early to late stage companies focusing on agriculture, aquaculture and biotechnology.

• CIMB Private Equity Fund 1, C-BAT/I-BAT – Expansion to late stage companies with a general mandate focusing on general services, manufacturing and retail.

PEVC invests in mid-size deals from USD2 million– USD10 million and takes significant minority stakes in Southeast Asia-based companies. We usually have active participation in the investee companies, via board seat entitlement and/or executive management committees. Investee companies are selected on the basis that they have a sound business model, strong fundamentals, competent management, track record and market presence. Target internal rate of return (IRR) is more than 20 percent with investment horizon of 3 to 5 years. Exits are typically via trade sale or initial public offerings.

Portfolio Across the funds, we currently have a portfolio of over 50 companies. These portfolio companies and businesses include: Alam Maritim-JV, Burger King, In-Fusion Solutions, Mahmood Security, Kibaru Manufacturing, Vital Remarks, etc.

Portfolio companies which we have divested includes: Alam Maritim, Big Tree, Fortlab, IMU, Qualitas Medical Group, QSR Brands. These investments have demonstrated significant growth and progress since our initial investment. They have also posted IRRs of over 50 percent upon exits.

7 Commerce Technology Ventures Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209



Size of Investment


Source of Capital

Government AgenciesBanks

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesManufacturingMedia/Entertainment

Type of Financing

Minority EquityMajority Equity



Financing Role



Southeast Asia


Start-Up/Early Stage Expansion/Growth Capital Mezzanine/Pre-IPO




Year Founded 2000

Management Team

1. Darawati Hussain 2. James Ng

DirectorSenior Manager

Contact Person(s)

1. Darawati Hussain 2. James Ng

DirectorSenior Manager

Other Information

Company Description

Commerce Technology Ventures Sdn Bhd’s objective is to provide equity and mezzanine capital to viable, innovative, high-growth and emerging companies. It seeks to support talented entrepreneurs in realizing their vision of building and nurturing competitive and resilient technology-based companies.

The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million. For details of PEVC, please refer to CIMB Private Equity 1 on page 23.



8 CMY Incubator Sdn BhdAddress No. 79, Jalan Bangkung, Bukit Bandaraya, 59100 Kuala Lumpur

Telephone +603 2717 1818

Fax +603 2717 1813



Size of Investment


Source of Capital


Information TechnologyElectronicManufacturingConsumer ProductsFinancial Service

Type of Financing

Majority Equity


Financial Advice

Financing Role

Lead Investor Geographical Preference

Southeast Asia


Expansion/Growth Capital Mezzanine/Pre-IPO


Year Founded 2003

Management Team

1. Tan Sri Dato’ Chua Ma Yu 2. Yap Wai Leong

DirectorDirector

Contact Person(s)

1. Yap Wai Leong Director



9 Continuum Capital Sdn BhdAddress c/o Tay & Partners, Suite 6.01, 6th Floor Plaza See Hoy Chan, Jalan Raja Chulan, 50200 Kuala Lumpur

Telephone +603 2093 4044

Fax +603 2093 8244



Size of Investment

RM5 million to RM6 million per investment Fund Size RM5 million to RM50 million

Source of Capital

Government AgenciesBanksPrivate Individuals

Industry Preference

Information TechnologyTelecommunicationsBiotechnology/Life Sciences

Type of Financing

Equity PrimarilyEquity / LoansMinority Equity


Asia


Sit on BoardActive Management Advice

Financing Role

Lead Investor




Year Founded 2008

Management Team

Managed by FirstFloor Capital Sdn Bhd

Contact Person(s)

1. Tengku Mohd Fahmi Tengku Hamzah 2. Muhammad Zauqi bin Abdullah

Investment DirectorInvestment Director

Other Information

Company Description

Continuum Capital’s objective is to invest in technology related and growth companies, with unique competitive advantages, sustainable value proposition and a strong management team and which shall be beyond the research and development (R&D) stage and would be revenue generating.

Portfolio • Qualitas Medical Group Limited (via QH Sdn Bhd)• GTL (Global Transit Limited)

10 HDM Private Equity Sdn BhdAddress Level 7, Wisma Sri Pinang, 60 Green Hall, 10200 Penang

Telephone +604 2636 996

Fax +604 2610 443



Size of Investment

RM10 Million Fund Size RM50 million to RM100 million

Source of Capital


Information TechnologyElectronicBiotechnology/Life SciencesManufacturingConsumer ProductsHospitality/LeisureMedia/Entertainment

Type of Financing

Minority Equity


Sit on Board



Financing Role


Southeast Asia


Expansion/Growth Capital


Year Founded 2005

Management Team

1. Lilian Kang Chooi Yong Assistant General Manager

Contact Person(s)

1. Lilian Kang Chooi Yong Assistant General Manager

Other Information

Company Description

The principal activity of the Company is investment holding.

11 DTA Growth Capital Sdn BhdAddress No. 24A, Jalan Datuk Sulaiman, Taman Tun Dr. Ismail, 60000 Kuala Lumpur

Telephone +603 7722 2560

Fax +603 7722 2570


Website www.dtacapital.com


Size of Investment

Maximum RM4.5 million Fund Size RM5 million to RM50 million

Source of Capital

Government AgenciesCorporations

Industry Preference

Information TechnologyComputer RelatedTelecommunications

Type of Financing

Equity/Loans Geographical Preference

Asia Pacific



Financing Role

Lead Investor


Expansion/Growth Capital Mezzanine/Pre-IPO


Year Founded 2008

Management Team

1. Dali bin Sardar 2. Tan Kong Cheng 3. Muhammad Naim bin Yunus 4. Nikhil Chandulal Kothari

DirectorDirectorDirectorDirector

Contact Person(s)

1. Tan Kong Cheng2. Dali bin Sardar

DirectorDirector



12 Ethos Capital One Sdn BhdAddress Level 8, Menara Tsh, No. 8, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2093 6111

Fax +603 2093 1354


Website www.ethoscapital.com.my


Size of Investment

Between RM10 million to RM30 million Fund Size RM100 million to RM500 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechMarine/MaritimePowerManufacturingConsumer ProductsFinancial ServiceHospitality/LeisureMedia/Entertainment

Type of Financing

Equity PrimarilyMinority EquityMajority Equity



Financing Role





Southeast Asia Asia Pacific Asia


Year Founded 2007

Management Team

1. Rohana Mahmood2. Omar Mustapha3. Nagib Abdullah4. Tony Yong

ChairmanGeneral PartnerGeneral PartnerGeneral Partner

Contact Person(s)

1. Nagib Abdullah2. Tony Yong

General PartnerGeneral Partner

Other Information

Company Description

IntroductionEthos Capital Sdn Bhd launched its first private equity fund, namely Ethos Capital One, in March 2007. Ethos Capital One is a RM215 million fund that is anchored by leading financial institutions and high net-worth individuals. The Company is based in Kuala Lumpur and is registered with the Securities Commission of Malaysia.

FocusThe fund focuses on investing in businesses within fast-growth ASEAN countries. Whilst investment is not limited to specific industries, we seek companies with proven operational track record, innovative management team and strong growth potential.

StrengthIn addition to providing funding, we also create value by providing guidance on business strategy and operational best practices as well as assisting with market access.

Portfolio 1) Masterskill Education Group Berhad2) Omni Petromaritime Sdn Bhd



13 Expedient Equity Ventures Sdn BhdAddress Level 11, Menara Bank Pembangunan, Bandar Wawasan, No. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur

Telephone +603 2050 3000

Fax +603 2698 3800



Size of Investment

RM1.5 million to RM4 million per portfolio Fund Size RM5 million to RM50 million

Source of Capital

Government AgenciesCorporationsPrivate Individuals

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life SciencesAdvance Material

Type of Financing




Sit on Board

Financing Role

Lead Investor


Seed/R&DStart-Up/Early StageExpansion/Growth Capital


Year Founded 2007

Management Team

Managed by Expedient Equity Two Sdn Bhd

Contact Person(s)

1. Mohd Daniel Bin Mat Noh Director

Other Information

Company Description

Expedient Equity Ventures Sdn Bhd’s fund is being managed by Expedient Equity Two Sdn Bhd, a venture capital fund management company under the Second Malaysian Venture Capital Management Bhd’s (Mavcap) outsourcing partner program launched in 2007. Its total fund size is RM30.3 mil and is investing primarily in emerging growth companies within the ICT sector in Malaysia and in the region.

Portfolio a) Neudia Holding Limitedb) IQ Global Sdn Bhdc) Fibon Berhadd) EA Global Holdings Limitede) Century Software (M) Sdn Bhdf) Newszapped Media (M) Sdn Bhd

14 Inertia AIF Sdn BhdAddress 7th Floor, PNB Damansara, 19 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2093 4044

Fax +603 2093 8244


Website www.firstfloorcapital.com




Size of Investment

RM5 million to RM50 million per investment Fund Size RM5 million – RM50 million

Source of Capital

Government AgenciesBanksCorporations

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life Sciences

Type of Financing



Southeast Asia



Financing Role

Lead Investor


Start-Up/Early Stage


Year Founded 2004

Management Team

Managed by FirstFloor Capital Sdn Bhd

Contact Person(s)

1. Mohd Nizar bin Ali 2. Mohamed Radzif bin Mohamed Shamsudin

Managing DirectorCompany Director

Other Information

Company Description

Inertia is an early stage technology investment fund with average investment tenure of 5 years. It started operation in July 2004. The fund focuses primarily on Neuramatix Group Companies’ capital requirement, and/or other emerging growth companies.

Portfolio 1. Neuramatix Sdn Bhd2. Synamatix Sdn Bhd

15 Inflexion PEF Sdn BhdAddress Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

Telephone +603 2032 2188

Fax +603 2031 2188

Website www.mayban-ventures.com.my


Size of Investment


Source of Capital

BanksCorporationsInsurance CompaniesPension Funds

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life SciencesManufacturing

Type of Financing

Equity Primarily Geographical Preference

Malaysia



Financing Role







Year Founded 2005

Management Team

1. Zaini Bin Deni 2. Zainnurain Bin Othman 3. Chiam Chiau Hiong

Vice PresidentAssistant Vice PresidentAssistant Vice President

Contact Person(s)

1. Zaini Bin Deni 2. Fairuz Elina Binti Jamilus

Vice PresidentAssistant Vice President

Other Information

Company Description

The Inflexion PEF Sdn Bhd is a RM60 million closed-end fund established in August 2005, as a private equity fund company with investors ranging from venture capital, insurance and banking institutions.

The Inflexion Fund invests in later stage companies. The Fund aspires to invest in a broad range of privately

held growth and technology companies whom have completed research & development of products and are revenue generating. Candidates are companies with a strong business plan, firm track record, possess a niche target market and have a sound management team.

Portfolio Holista Biotech Sdn Bhd (Holista)Holista Group of Companies comprise of Total Health Concept Sdn Bhd (THC), Alterni Sdn Bhd (Alterni) and Tropical Botanics Sdn Bhd (TBSB). THC is a nutraceutical wholesaler of natural herbal healthcare products sold in pharmacies. Alterni is a direct marketing of alternative healthcare products focusing on bone nutrition, weight management and general health welfare. TBSB focuses on local herbs in collaboration with University of Mississippi, Universiti Sains Malaysia and Indian Institute of Integrative Medicine (IIM).

PMCare Sdn Bhd (PMCare) PMCare is a healthcare Business Process Outsourcing (BPO) provider specializing in the management and administration of corporate client’s medical benefits extended to their employees and eligible dependents, using proprietary application software.

PMCare’s main clients include Tenaga Nasional, Telekom Malaysia, Celcom, Bank Simpanan Nasional, Sapura Group and Khazanah Nasional.

Fibon Berhad (Fibon)Fibon through its subsidiary Hexa Analisa Sdn Bhd is principally engaged in the formulation, manufacturing and sales of Advance Matrix Composite Materials such as electrical insulators, enclosure and meter board for the energy industry.

Its main clients include Siemens, Terasaki Group, ABB, Schneider Electric and SMB Electric.

16 iSpring Capital Sdn BhdAddress P-2-6 Plaza Damas, No. 60, Jalan Sri Hartamas 1, 50480 Kuala Lumpur

Telephone +603 6203 3906

Fax +603 6203 2915


Website www.ispringcapital.com


Size of Investment

– Fund Size RM5 million to RM50 million (Currently fully invested)

Source of Capital


Information TechnologyComputer Related

Type of Financing



Malaysia





Financing Role

Lead Investor




Year Founded 2000

Management Team

1. David Fong2. Ng Wei Pong

DirectorAssociate Director

Contact Person(s)

Ng Wei Pong Associate Director

Other Information

Company Description

ISpring Capital Sdn Bhd is a MSC Status Incubator.

17 Japan Asia Investment Co. LtdAddress 1) Akasaka Eight-One Building, 13-5 Nagata-Cho 2-Chome, Chiyoda-ku, Tokyo 100-8972, Japan.

2) Menara Dion #15-02, 27 Jalan Sultan Ismail, 50250 Kuala Lumpur

Telephone +603 2070 9380/9381

Fax +603 2070 9382


Website www.jaic-vc.co.jp


Size of Investment

More than RM2 million Fund Size More than RM500 million

Source of Capital

Government AgenciesBanksCorporationsInsurance Companies

Industry Preference

Information TechnologyTelecommunicationsElectronicBiotechnology/Life SciencesAgrotechManufacturingConsumer ProductsFinancial ServiceHospitality/LeisureMedia/Entertainment

Type of Financing



Sit on Board

Financing Role



Asia North America


Expansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-InsPrivatisation


Year Founded 1981

Management Team

1. Toyoji Tatsuoka 2. Makoto Isshi 3. Hidetaka Fukuzawa 4. Moriyoshi Matsumoto 5. Osamu Hosokubo 6. Shinichi Hotta 7. Takafumi Matsukura 8. Masahiro Shiga

President and Chief Executive OfficerSenior Managing DirectorManaging DirectorManaging DirectorDirectorDirectorDirectorDirector



Contact Person(s)

1. Hideaki Fujiyama Chief Representative

Other Information

Company Description

Japan Asia Investment Co. Ltd (JAIC) was established in 1981. Over the last 25 years, we have built a strong presence in the venture capital financing industry and is the largest independent venture capital company in Japan and ASEAN. Our total fund size currently stands at USD1.4bil which is invested in 750 companies across 11 countries. JAIC group adds value to our investee companies by introducing business and cross-selling opportunities with Japan-related companies. This, together with our strong presence in Japan and regionally, differentiates JAIC from other venture capital companies in Malaysia.

Portfolio Pulse Group Plc(http://www/pulse -group.com)-Online research companyMatrix Valley PLC(http://www.watershop.biz/msia/company/company.htm)-Water Vending Machine Operator

Soon Soon Oilmills Sdn Bhd(http://www.soonsoonoil.com.my/)-Soybean Oil Manufacturer

JST Technology Sdn Bhd(http://jst.cc/main.html)-Uninterrupted Power Supply System Manufacturer

Fibon Berhad(http://www.fibon.com.my/index.htm)-Electrical Insulator and Electrical Enclosures Manufacturer

18 Malaysian Life Sciences Capital Fund LtdAddress 36-01, Level 36, Menara Dion, 27 Jalan Sultan Ismail, 50250 Kuala Lumpur

Telephone +603 2072 0110

Fax +603 2072 0330


Website www.mlscf.com


Size of Investment

RM137 million (Incl. BLSCFII) Fund Size More than RM500 million

Source of Capital

Government AgenciesPension Funds

Industry Preference

Biotechnology/Life Sciences

Type of Financing


Asia Pacific North America



Financing Role





Year Founded 2006

Management Team

1. Amirul Fares Wan Zahir 2. Roger E Wyse 3. Ganesh M Kishore

Co-ChairmanCo-ChairmanChief Executive Officer



Contact Person(s)

1. Ginny Leong Office Manager

Other Information

Company Description

MLSCF is a USD150 million life sciences venture fund co-managed by MTDC and Burrill & Company of San Francisco. The fund invests in privately held globally competitive and Malaysia centric global life sciences companies that provide superior ventures and bring innovative solutions to the market and advancing Malaysia biotech initiative.

The fund connects entrepreneurs to the global marketplace and provides not only capital but a talent network ready to accelerate the growth of enterprises working in the food, healthcare, agricultural and industrial applications of biotechnology.

Portfolio 1. Health & Wellness – consumer products/wellness ingredients2. Industrial biotechnology3. Agbiotech4. Human Therapeutic5. Vaccines 6. Medical device/Diagnostics

19 MAVCAP Biotech Sdn BhdAddress Level 11, Menara Bank Pembangunan, Bandar Wawasan, NO. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur

Telephone +603 2050 3000

Fax +603 2698 3800



Size of Investment

RM500,000 to RM3.5 million per portfolio Fund Size RM5 million to RM50 million

Source of Capital

Government Agencies Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life Sciences

Type of Financing


Southeast Asia


Sit on Board

Financing Role

Lead Investor




Year Founded 2002

Management Team

Managed by Expedient Equity Sdn Bhd

Contact Person(s)

Mohd Daniel Bin Mat Noh Director

Other Information

Company Description

Mavcap Biotech Sdn Bhd is a fund company being managed by Expedient Equity Sdn Bhd, a venture capital fund management company under First Malaysian Venture Capital Management Bhd’s (Mavcap) outsourcing partner program launched in 2002. RM25.0 million fund allocated is part of the RM500.0 million allocation to the Finance Ministry under the Eight Malaysia Plan.



Portfolio a) Fyto Elegance Sdn Bhdb) Infinite Tests Solutions (M) Sdn Bhdc) Aatomo Manufacturing (M) Sdn Bhdd) IBG Bio Ventures Sdn Bhde) Ample Effect Sdn Bhdf) Station Network (M) Sdn Bhdg) Green Agrowares Technology Sdn Bhdh) Mobile Wallet Sdn Bhdi) MyMix Sdn Bhdj) Redhot Media International Ltd

20 MAVCAP ICT Sdn BhdAddress Level 11, Menara Bank Pembangunan, Bandar Wawasan, No. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur

Telephone +603 7722 2561

Fax +603-77222570




Size of Investment

RM17.5 million (Net Investible Fund)Average size of investment is RM2 million

Fund Size RM5 million to RM50 million

Source of Capital



Type of Financing


Southeast Asia Asia Pacific


Sit on Board

Financing Role

Lead Investor




Year Founded 2001

Management Team

Mavcap ICT Sdn Bhd is a Fund Company governed by the Board of Directors1. Datuk Dr Abdul Samad Hj Alias 2. Dali Bin Sardar 3. Mohd Husni Salleh


Contact Person(s)

1. Dali Bin Sardar 2. Tan Kong Cheng


Other Information

Company Description

Mavcap ICT Sdn Bhd is a fund company being managed by DTA Ventures Management Sdn Bhd, a venture capital fund management company under First Malaysian Venture Capital Management Bhd’s (Mavcap) outsourcing partner program launched in 2002. The fund allocated was part of the RM500.0 million allocation to the Finance Ministry under the Eight Malaysia Plan.

Mavcap ICT focuses on seed, early stages and start up companies mainly in the ICT sector. The fund is fully invested and has divested two of its investment in mobile applications and bioinformatics. Its current portfolio consists of companies involved in System Integration, Learning Management System, Wireless Networking Solutions, Anti Jamming Security Solutions, Microservers and other ICT related solutions.



Portfolio • Global Cybersoft Inc. • Norhtec Corporation• Bubble Motion Sdn Bhd • Strategic Benchmark Sdn Bhd• Sage Interactive Sdn Bhd• ELX Operating Systems Sdn Bhd • Vasunas Sdn Bhd• Wireless People Sdn Bhd• NTI International • Polarizone Technologies Sdn Bhd• HDOX Bioinformatics

21 MAVCAP Photonics Sdn BhdAddress Level 11, Menara Bank Pembangunan, Bandar Wawasan, No. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur

Telephone +603 2050 3000

Fax +603 2698 3800


Size of Investment

Maximum RM3 million per deal Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyTelecommunicationsElectronicHigh/Nano TechnologyManufacturingPhoronics

Type of Financing

Equity Primarily



Financing Role


Southeast Asia


Start-Up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPO


Year Founded 2001

Management Team

Jerry Chin Kuet Lee Director

Contact Person(s)

Jerry Chin Kuet Lee Director

Other Information

Portfolio • Thin Film coating company• Network and home security specialist• GPS and RFID hardware and software design house• Mobile applications software house• Telecommunication infrastructure and application company• DNA and oligo synthesizer

22 MAVCAP Technology Sdn BhdAddress Level 10, Menara Bank Pembangunan, Bandar Wawasan, No. 1016, Jalan Sultan Ismail, 50300 Kuala Lumpur

Telephone +603 2050 3000

Fax +603 2698 3800


Website www.mavcap.com




Size of Investment


Source of Capital


Information TechnologyTelecommunications

Type of Financing


Southeast Asia


Sit on BoardFinancial Advice

Financing Role



Seed/R&DStart-Up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPO


Year Founded 2001

Management Team

Managed by iSpring Venture Management Sdn Bhd

Contact Person(s)

Wee Su San

23Mayban Agro Fund Sdn Bhd (Formerly known as Jaringan Gagasan Sdn Bhd)

Address Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

Telephone +603 2032 2188

Fax +603 2031 2188



Size of Investment

Unlimited Fund Size RM100 million to RM500 million

Source of Capital


Industry Preference

AgricultureAquaculture FisheriesHorticulture Biotechnology Food Technology

Type of Financing

Equity Primarily



Financing Role



Malaysia




Year Founded 2007

Management Team



Contact Person(s)

1. Zaini Bin Deni 2. Chiam Chiau Hiong




Other Information

Company Description

Mayban Agro Fund’s objective is to invest in agriculture, aquaculture and biotech-based private businesses. The investment focus is to create and develop the “integrated agro” concept in Malaysia, thus benefiting not only the larger industry players but also creating a spill over effect to the traditional farmers, breeders and fishermen.

Portfolio Pegagau Aquaculture Sdn Bhd (Pegagau)Pegagau’s principal activities are cultivation and marketing of aquaculture produce such as black tiger prawn.

Seng Fong Leong Sdn Bhd (SFL)SFL is involved in tomato cultivation in Cameron Highlands.

24 Mayban Venture Capital Company Sdn BhdAddress Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

Telephone +603 2032 2188

Fax +603 2031 2188



Size of Investment

On average RM5 million to RM7 million Fund Size RM100 million to RM500 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedBiotechnology/Life SciencesManufacturing

Type of Financing


Malaysia



Financing Role





Year Founded 2000

Management Team



Contact Person(s)

1. Zaini Bin Deni 2. Zainnurain Bin Othman


Other Information

Company Description

Mayban Venture Capital Company Sdn Bhd incorporated in Malaysia on November 2000 with total fund value of RM150 million (USD44 million). The objective of this fund is to assist companies including SMEs by participating in equity investments at various stages i.e. start-up, mezzanine and Pre-IPO in Information and Communication Technology, Advance Manufacturing and Life Sciences. Foreign owned companies, which are locally incorporated in Malaysia, are also eligible for capital participation.

Portfolio Vivantis Technologies Sdn Bhd (VTSB)VTSB is a company specializing in the production of enzymes for molecular biology. Vivantis has a unique platform technology to screen, extract and produce valuable enzymes from bacteria.

Healthlogic Sdn Bhd (HSB)HSB is a healthcare information system company with private hospital clients in Malaysia and Indonesia. HSB also has presence in China via YingShan Infocomm Pte Ltd.



25 Mezzanine Capital (Malaysia) Sdn BhdAddress 2.01, Amcorp Tower, No. 18 Jalan Persiaran Barat, 46050 Petaling Jaya, Selangor Darul Ehsan

Telephone +603 7966 2300

Fax +603 7966 2525



Size of Investment

More than RM5 million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyBiotechnology/Life SciencesAgrotechMarine/MaritimeManufacturingConsumer Products

Type of Financing

Equity/LoansMinority EquityMajority Equity



Financing Role







Year Founded 1990

Management Team

1. Ben Lee Keen Pong 2. Shalina Binti Azman 3. Shahman Bin Azman

Managing DirectorDirectorDirector

Contact Person(s)

1. S.R. Karthigasan 2. Tay Sing Kuan

Assistant General ManagerAssistant Manager

26 Momentum STI Sdn BhdAddress Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

Telephone +603 2032 2188

Fax +603 2031 2188



Size of Investment


Source of Capital


Information TechnologyComputer RelatedTelecommunicationsManufacturingType of

FinancingEquity Primarily




Malaysia

Financing Role







Year Founded 1992

Management Team



Contact Person(s)



Other Information

Company Description

Momentum STI is an early-stage technology fund managed and invested by Mayban Venture Capital Company Sdn Bhd (MVCC).

With an investment size of RM20 million, Momentum STI focuses on investing as a first round investor.

Portfolio Flare Studios Sdn Bhd (Flare Studios)Flare Studios is a one stop digital studio that combines and blends 2D and 3D animation, multimedia programming, audio and video production and post production together under one roof based on the standard digital platform, offering various services ranging from short and long format to real time simulation.

Dataran Berlian Sdn Bhd (DBSB)DBSB provides data logging and load monitoring services utilising their patented multiplexing technology. The solutions and services will improve planning, operational and management of power distribution substations. Tenaga Nasional Berhad is among DBSB’s anchor clients.

Malaysian Genomics Research Centre (MGRC)MGRC provides bio-informatics tools for research houses and universities. Its products provide cost effective alternatives to ready-in-the-market informatics tools in Malaysia and abroad.

27 MSC Venture One Sdn BhdAddress MSC Headquarters, 2360 Persiaran APEC, 63000 Cyberjaya, Selangor

Telephone +603 8315 3000

Fax +603 8313 8522


Size of Investment

RM3 million to RM5 Million Fund Size RM100 million to RM500 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsMedia/EntertainmentType of

FinancingEquity Primarily


Sit on Board Geographical Preference

Southeast Asia Asia Pacific Asia North America Financing

RoleLead InvestorParticipate in Syndicates




Year Founded 1999

Management Team

1. Syed Izmi Syed Kamarul Bahrin 2. Amin Ashari Shafie

Chief Executive Officer Investment Manager

Contact Person(s)

1. Dato Badlisham Ghazali Chairman



Other Information

Company Description

Formed in 1999, MSC Venture Corporation Sdn Bhd was tasked to manage Malaysia’s first ICT VC Fund, MSC Venture One Sdn Bhd, (MV1).

With funds of RM120 million, MV1 was mandated to invest into start-ups, growth and pre-IPO stage companies in the ICT industry.

Portfolio Since inception, MV1 has invested in 23 companies in various fields of the ICT industry. The investments cover Malaysia, Singapore, China and North America.

It has since listed 5 companies in Malaysia and US Bourses and has also exited in 5 other via trade sale.

28 Mutiara Makmur Ventures Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209



Size of Investment

USD2 million to USD10 million Fund Size RM50 million to RM100 million

Source of Capital

CorporationsPrivate Individuals

Industry Preference

General mandate except construction and property development

Type of Financing


Malaysia



Financing Role





Year Founded 2006

Management Team

1. Darawati Hussain2. Ahmad Fariz Hassan

DirectorManager

Contact Person(s)

1. Darawati Hussain 2. Ahmad Faris Hassan

DirectorManager

Other Information

Company Description

The objective of the fund is to provide Bumiputra Investors the opportunity to invest in an institutionally managed private closed-end private equity fund. The Fund will participate in privately negotiated significant minority investments in public or private companies in Malaysia. The Fund will indirectly provide the investors with access to superior deal flows and a diversified and balanced portfolio in terms of sectors and industries. At the same time, the Fund will also offer companies seeking Bumiputra equity an alternative investor with clear investment objectives and ability to add value via its expertise and strong industry links.

The fund is managed by CIMB Private Equity and Venture Capital (PEVC), a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million.

For details of PEVC, please refer to CIMB Private Equity 1 on page 23.



29 Musharaka Tech Venture Sdn BhdAddress 9-2, Platinum Walk, 2 Jalan Langkawi, Danau Kota, 53300 Setapak, Kuala Lumpur

Telephone +603 4142 7285

Fax +603 4143 6346



Size of Investment

Between RM2 million to RM3.5 million per deal

Fund Size RM5 million to RM50 million

Source of Capital

Government AgenciesPrivate Individuals

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsHigh/Nano TechnologyType of

FinancingEquity PrimarilyMinority Equity




Southeast Asia

Financing Role

Participate in Syndicates




Year Founded 2007

Management Team

1. Nor Idzam bin Ya’akub 2. Hairul Hisham Soradi

Managing DirectorManager

Contact Person(s)

1. Nor Idzam bin Ya’akub Managing Director

Other Information

Company Description

Musharaka Venture is the first Islamic VC Company which invests in technology ventures primarily in this country. Musharaka Venture just started our operation and hopes to grow the business over time.

Portfolio Still processing some investment proposals and has yet to invest.

30 Netval Ventures Sdn BhdAddress 802, Blok E, Phileo Damansara 1, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya

Telephone +603 7665 2812

Fax +603 7665 2718


Website www.netvalvc.com


Size of Investment


Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsHigh/Nano TechnologyBiotechnology/Life SciencesFinancial ServiceMedia/Entertainment

Type of Financing

Equity Primarily





Financing Role


Southeast Asia




Year Founded 2000

Management Team

1. Kuah Kee Kian 2. Chang Tat Cyan

Chief Executive DirectorExecutive Director

Contact Person(s)

1. Chang Tat Cyan Executive Director

31 OSK Technology Ventures Sdn BhdAddress 15th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Telephone +603 2161 7233

Fax +603 2175 3322


Website www.osk.com.my


Size of Investment

Not Fixed Fund Size RM100 million to RM500 million

Source of Capital



Type of Financing





Asia Pacific

Financing Role

Lead Investor




Year Founded 2002

Management Team

1. Patrick Yee Chee Wai 2. Jason Lam Chi-Wye 3. Chan Ken Yew

Chief Operating OfficerSenior Vice PresidentVice President

Contact Person(s)

1. Reagan Chan 2. Steven Tong

Assistant Vice PresidentAssistant Vice President

Other Information

Company Description

The principal activity of OSK Technology Ventures (OSKTV) is the provision of venture capital business which includes incubating high technology and high growth companies. OSKTV was registered as a Venture Capital Corporation on 18 November 2002.

Portfolio OSKTV invests and incubates companies that are mainly involved in the ICT and biosciences industry.



32 OSK Venture Equities Sdn BhdAddress 15th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Telephone +603 2161 7233

Fax +603 2175 3322




Size of Investment


Source of Capital



Type of Financing





Asia Pacific

Financing Role

Lead Investor




Year Founded 2002

Management Team



Contact Person(s)



Other Information

Company Description

The principal activity of OSK Venture Equities (OSKVE) is the provision of venture capital business which includes incubating high technology and high growth companies. OSKVE was registered as a Venture Capital Corporation on 18 November 2002.

Portfolio OSKVE invests and incubates companies that are mainly involved in the ICT industry.

33 Oxfordtrax Sdn BhdAddress 12, 2nd Floor, Jalan Tun Mohd Fuad 2, 60000 Taman Tun Dr. Ismail, Kuala Lumpur

Telephone +603 7729 2080

Fax +603 7722 5671

Email [email protected]@gmail.com


Size of Investment

RM100,000 to RM3 million Fund Size RM5 million to RM50 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsHigh/Nano TechnologyBiotechnology/Life Sciences

Type of Financing

Equity/Loans






Malaysia

Financing Role

Lead Investor Participate in Syndicates




Year Founded 2006

Management Team

1. Datuk Ali bin Abdul Kadir 2. Pook Mun Fee 3. Tan See Meng

ChairmanChief Executive OfficeManager

Contact Person(s)

1. Pook Mun Fee 2. Tan See Meng

Chief Executive OfficeManager

Other Information

Portfolio Microlink Solutions BhdDigitech MSC Sdn Bhd

34 Resilient One Sdn Bhd Address 34, Jalan SS 6/8, Kelana Jaya, 47301 Petaling Jaya.

Telephone +603 7880 8092

Fax +603 7880 8094



Size of Investment

RM0.6 million Fund Size Less than RM5 million

Source of Capital


Information Technology

Type of Financing


Southeast Asia


Active Management Advice

Financing Role



Start-up/Early Stage


Year Founded 2005

Management Team

Tan Kan Loong Director

Contact Person(s)

Tan Kan Loong Director

Other Information

Portfolio 1. Myputralink Sdn Bhd2. Maslog IT Solutions Sdn Bhd



35 Singularity Ventures Sdn BhdAddress Unit No.1-3A, The Loft, Bangsar, No.2, Jalan Penaga, Bukit Bandaraya, 59100 Kuala Lumpur

Telephone +603 2093 4044

Fax +603 2093 8244



Size of Investment

RM250,000 to RM1 million per investment Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyComputer RelatedBiotechnology/Life SciencesAgrotechFinancial Service

Type of Financing

Equity Primarily




Southeast Asia Middle East

Financing Role



Seed/R&DStart-Up/Early Stage


Year Founded 2007

Management Team

1. Ahmad Fauzi bin Ali 2. Sharifah Sabah Alsree 3. Mohamed Hanafi Ahmad

DirectorDirectorManager

Contact Person(s)

1. Ahmad Fauzi bin Ali Director

Other Information

Company Description

Singularity Ventures Sdn Bhd manages funds for angel investors who see opportunity in identifying start-ups with unique technology and business models that have a high global reach potential. It is staffed by proven technopreneurs who understand both the technology and the business to ensure a high level of success in all partnerships formed.

Portfolio Currently in biotechnology, IT software and internet services, business modeling or simulation. Details of investee companies are available upon request.

36 Soligress Portfolio Sdn BhdAddress 2-2 Jalan SS6/6, Kelana Jaya, 47301 Petaling Jaya

Telephone +603 7880 4471

Fax +603 7880 4472


Size of Investment

RM1.4 million Fund Size Below RM5 million

Source of Capital



Type of Financing


Southeast Asia





Financing Role





Year Founded 2004

Management Team

1. Ng Huat Chai 2. Ng Siok Meng 3. Ng Huat Tian


Contact Person(s)

1. Ng Siok Meng 2. Ng Huat Tian

DirectorDirector

Other Information

Portfolio 1. Redhot Media Sdn Bhd2. Insignet Sdn Bhd3. Biocell Corporation Sdn Bhd

37 SpringHill Bioventures Sdn BhdAddress Level 4, No. 1, Jalan SS21/58, Damansara Uptown, 47400 Petaling Jaya, Selangor

Telephone +44 1483 890 574

Fax +44 1483 894 333


Website www.springhilluk.com


Size of Investment

Largest RM19 million; Smallest RM3 million Fund Size RM100 million to RM500 million

Source of Capital

Government AgenciesCorporationsInsurance Companies

Industry Preference


Type of Financing


Southeast Asia Europe North America



Financing Role

Lead Investor




Year Founded –

Management Team

Managed by Springhill Management Sdn Bhd

Contact Person(s)

1. Angie Ang 2. Cameron Denny

DirectorManager of Springhill Management Sdn Bhd



38 Teak Ventures Sdn BhdAddress #22-01, Menara Dion, No. 27 Jalan Sultan Ismail, 50250 Kuala Lumpur

Telephone +603 2031 2202

Fax +603 2031 2205


Website www.teakcapital.com.my


Size of Investment

Up to RM6 million per investment Fund Size RM5 million to RM50 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechManufacturingMedia/EntertainmentHigh growth leveraging on technology

Type of Financing




Financing Role



Start-Up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-Ins


Southeast Asia, primarily MalaysiaAsia PacificNorth America


Year Founded 2008

Management Team

Chok Kwee Bee Director

Contact Person(s)

Chok Kwee Bee Director

Other Information

Company Description

Teak Ventures Sdn Bhd (Teak Ventures) is the inaugural venture capital fund managed by Teak Capital Sdn Bhd (Teak Capital). Teak Capital is a technology focused venture capital management corporation and is a partner under Malaysia Venture Capital Management Berhad’s (MAVCAP) Second Outsource Partners’ Program (OSP2).

Teak Capital’s investments are focused on Information Communication Technology (ICT) and high growth sectors leveraging on technology.

The team at Teak Capital brings in experience in venture capital investment, technology & industry knowledge, corporate operations and access to global resources that provide invaluable results to its investors and assistance to early and mezzanine stage companies to grow. The team at Teak Capital diligently works hand in hand with entrepreneurs to bring the best values out of the companies and grow their business together as partners.

39 Technology Asia Ventures Sdn BhdAddress Unit 50-07-02, Tingkat 7, Wisma UOA Damansara, No 50 Jalan Dungun, Damansara Heights,

50490 Kuala Lumpur

Telephone +603 2092 3277

Fax +603 2092 5077




Size of Investment

– Fund Size RM50 million to RM100 million (Fully invested)

Source of Capital

Banks Industry Preference

Plantation and Coal mining

Type of Financing


Southeast Asia



Financing Role



Buy-Outs/Buy-Ins


Year Founded 2000

Management Team

1. Lei Lin Thai 2. Wong Ah Kow

DirectorDirector

Contact Person(s)

1. Lei Yee Leong2. Teh Chee Ghee

40 THG Capital Sdn BhdAddress Unit 50-07-02, Tingkat 7, Wisma UOA Damansara, No 50 Jalan Dungun, Damansara Heights, 50490 Kuala

Lumpur

Telephone +603 2092 3277

Fax +603 2092 5077


Size of Investment

– Fund Size RM5 million to RM50 million (Fully invested)

Source of Capital


Plantation and Coal mining

Type of Financing


Southeast Asia



Financing Role



Buy-Outs/Buy-Ins


Year Founded 2002

Management Team

1. Lei Lin Thai 2. Yau Kim Yung

DirectorDirector

Contact Person(s)

1. Lei Yee Leong2. Teh Chee Ghee



41 Trans Econ Ventures Sdn BhdAddress 1) 18-2, Jalan 1/76 C, Desa Pandan, 55100 Kuala Lumpur

2) Suite B-09-04 & 05, Plaza Mont Kiara, No 2, Jalan Kiara, 50480 Mont Kiara, Kuala Lumpur

Telephone +603 9281 6588 / +603 6210 3773

Fax +603 9281 6598 / +603 6210 1223



Size of Investment

Less than RM5 million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyAgrotechPowerFinancial ServiceMedia/Entertainment

Type of Financing

Equity / LoansMinority EquityMajority Equity




Southeast Asia Asia

Financing Role

Lead Investor


Seed/R&DStart-Up/Early StageMezzanine/Pre-IPO


Year Founded 2000

Management Team

1. Asgari bin Mohd Fuad Stephens 2. Yeoh Liew Se

Executive DirectorExecutive Director

Contact Person(s)



42 VF Capital Sdn BhdAddress Sublot 1187 & 1188, Lot 901, Blok 9, MCLD, Miri Waterfront, P.O. Box 2175, 98008 Miri, Sarawak

Telephone +608 5426 000

Fax +608 5420 029


Website www.vfcapital.com.my


Size of Investment


Source of Capital



Type of Financing

Majority Equity Geographical Preference

Southeast AsiaAsia Pacific



Financing Role

Lead Investor






Year Founded 2005

Management Team

1. Chia Kah Pheng 2. Chan Seng Kam

Chief Executive OfficerSenior Manager

Contact Person(s)

1. Chia Kah Pheng 2. Chan Seng Kam

Chief Executive OfficerSenior Manager

Other Information

Company Description

VF Capital focuses mainly in the ICT sector with interest in e-commerce, solutions providers, etc.

• TechnoDex Bhd(Listed on MESDAQ)• Alam Teknokrat Sdn Bhd• Regalia Leader Sdn Bhd



1 Arris Venture Management Sdn BhdAddress 39, Jalan Kenari 17C, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan

Telephone +603 8076 3063

Fax +603 8073 1232



Size of Investment

In the range of RM1 million to RM5 million Fund Size Below RM5 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechFinancial Service

Type of Financing

Equity Primarily



Financing Role



Southeast Asia Asia Pacific Asia EuropePreferred

Investment Stage

Mezzanine/Pre-IPO


Year Founded 2003

Management Team

1. Dato’ Paduka Khairuddin bin Abu Hassan2. Chew Por Yan3. Loh Lim Hock


Contact Person(s)

1. Chew Por Yan2. Loh Lim Hock

DirectorDirector

Other Information

Company Description

Arris Venture Management complements Arris Venture Sdn Bhd in investment portfolio management, corporate matchmaking, listing & divestment, entrepreneurs development program, etc.

2 Banyan Ventures Sdn Bhd For details, please refer to Banyan Venture One Sdn Bhd in the VCC list.

3 BTV Management Sdn BhdFor details, please refer to Bumiputera and Technology Venture Capital Sdn Bhd in the VCC list.

4 Cache Capital (M) Sdn BhdAddress 23-2, Jalan PJU 8/3B, Bandar Damansara Perdana, Petaling Jaya, 47480 Selangor

Telephone +603 7710 6218

Fax +603 7710 6219


Website www.cachecapital.com

Details of Registered Venture Capital Management Corporations (VCMCs)

MVCDC 2009 - VCMCs.indd 51 13/5/09 1:40:32 PM



Size of Investment

Flexible Fund Size RM5 million to RM50 million

Source of Capital


Biotechnology/Life SciencesAgrotechConsumer Products

Type of Financing


Southeast Asia


Financial Advice

Financing Role





Year Founded 2004

Management Team

1. Yeo Tien Kiong 2. Eddie Lee 3. Siah Yang Tit

DirectorVice PresidentDirector

Contact Person(s)

Yeo Tien Kiong Director

5 CAV Private Equity Management Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209



Size of Investment

RM5 million to RM30 million Fund Size More than RM500 million

Source of Capital


Industry Preference

A general mandate would covering all sectors

Type of Financing



Southeast Asia



Financing Role



Start-Up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-InsPrivatisation




Year Founded 1997

Management Team

1. Darawati Hussain 2. Daniel Hoh 3. Muhd. Azraini Hamid

DirectorDirectorSenior Manager

Contact Person(s)

1. Darawati Hussain 2. Daniel Hoh 3. Muhd. Azraini Hamid

DirectorDirectorSenior Manager

Other Information

Company Description

CAV Private Equity Management Sdn Bhd is an entity within CIMB Private Equity and Venture Capital (PEVC).

PEVC is a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million.




6 CIMB Private Equity Advisors Sdn BhdAddress No. 6, Commerce House, 22-24 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2732 5577

Fax +603 2711 1209



Size of Investment


Source of Capital


Industry Preference

A general mandate covering all sectors

Type of Financing



Southeast Asia



Financing Role



Start-Up/Early Stage Expansion/Growth Capital Mezzanine/Pre-IPOBuy-Outs/Buy-InsPrivatisation


Year Founded 2001



Management Team


DirectorDirector

Contact Person(s)


DirectorDirector

Other Information

Company Description

CIMB Private Equity Advisors Sdn Bhd is an entity within CIMB Private Equity and Venture Capital (PEVC).

PEVC is a leading manager of private equity and venture capital funds in Malaysia with total assets under management of over USD223 million.


Portfolio Across the CIMB Private Equity and Venture Capital funds, we currently have a portfolio of over 50 companies. These portfolio companies and businesses include: Alam Maritim, Alfamart, Burger King, Mahmood Security, Kibaru Manufacturing, Scans Associates, Vital Remarks, etc.

We have invested and exited many companies including: IMU, Big Tree, QSR Brands and Alam Maritim. These investments have demonstrated significant growth and progress since our initial investment. They have also posted IRRs of over 50 percent upon exits.

7 CMS Opus Private Equity Sdn BhdAddress Level 33 (Suite A), Menara MAXIS, Kuala Lumpur City Centre, 50088 Kuala Lumpur

Telephone +603 2031 9008

Fax +603 2031 4008



Size of Investment


Source of Capital


Marine/MaritimeManufacturingConsumer ProductsOil & Gas Services

Type of Financing

Equity PrimarilyEquity/LoansMinority EquityMajority Equity


Southeast Asia



Financing Role





Year Founded 2005

Management Team

1. En. Azam Bin Azman 2. Mr. Shaun Chan 3. En. Adi Arman Bin Abu Osman

Managing DirectorAdvisor/PrincipalVice President

Contact Person(s)

1. En. Adi Arman Bin Abu Osman 2. Ms. Ong Li Po

Vice PresidentAssistant Vice-President



Other Information

Company Description

CMS Opus Private Equity Sdn Bhd (COPE) was established in 2005 as a joint-venture between Cahya Mata Sarawak Bhd, a Kuching-based conglomerate and Opus Capital Sdn Bhd, an independent investment advisory firm. The Company is registered with Securities Commission as a VCMC since 2005.

COPE is one of the few principal-run private equity fund management company in Malaysia and comprises of investment professionals of multi-disciplinary background with combined experience of over 40 years in both Malaysia and Asian region.

Portfolio 1. A maritime/ oil and gas related company Investment amount: circa RM25 million Investment type: Expansion

2. An oil and gas services company Investment amount: circa RM20 million Investment type: Expansion

8 HDM Capital Management Sdn Bhd (formerlyknownasDBSHDMCapitalManagementSdnBhd)

Address Level 7, Wisma Sri Pinang, 60 Green Hall, 10200 Penang

Telephone +604 2636 996

Fax +604 2610 443



Size of Investment

RM10 Million Fund Size RM50 million to RM100 million

Source of Capital


Information TechnologyElectronicBiotechnology/Life SciencesManufacturingConsumer ProductsHospitality/LeisureMedia/Entertainment

Type of Financing

Minority Equity


Sit on Board

Financing Role


Southeast Asia




Year Founded 2005

Management Team

Lilian Kang Chooi Yong Assistant General Manager

Contact Person(s)

Lilian Kang Chooi Yong Assistant General Manager

Other Information

Company Description

The principal activity of the Company are to provide management services, investment advisory and related consultancy services and to carry on business as an investment holding company.

9 DTA Venture II Sdn BhdFor details, please refer to DTA Growth Capital Sdn Bhd in the VCC list.



10 DTA Ventures Management Sdn BhdAddress No. 24A, Jalan Datuk Sulaiman, Taman Tun Dr. Ismail, 60000 Kuala Lumpur

Telephone +603 7722 2560

Fax +603 7722 2570




Size of Investment

– Fund Size RM5 million to RM50 million(Fully Invested)

Source of Capital



Type of Financing


Asia PacificAsia



Financing Role

Lead Investor




Year Founded 2001

Management Team

1. Dali bin Sardar 2. Tan Kong Cheng 3. Muhammad Naim bin Yunus 4. Nikhil Chandulal Kothari

DirectorDirectorChief Technology OfficerChief Financial Controller

Contact Person(s)

1. Tan Kong Cheng2. Dali bin Sardar

DirectorDirector

11 Ethos Capital Sdn BhdFor details, please refer to Ethos Capital One Sdn Bhd in the VCC list.

12 Expedient Equity Sdn BhdAddress E3A03A, Jalan PJU8/1, Metropolitan Square Office, Damansara Perdana,

47820 Petaling Jaya, Selangor

Telephone +603 7722 1368

Fax +603 7728 8186



Size of Investment

RM500,000 to RM3.5 million per portfolio Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life SciencesType of

FinancingMinority Equity





Southeast Asia

Financing Role

Lead Investor




Year Founded 2002

Management Team

1. Mohd Daniel Mat Noh 2. Jason Ng Heng Sin


Contact Person(s)

1. Mohd Daniel Mat Noh 2. Jason Ng Heng Sin

DirectorDirector

Other Information

Company Description

Expedient Equity Sdn Bhd is a venture capital fund management company under First Malaysian Venture Capital Management Bhd’s (Mavcap) outsourcing partner program launched in 2002. It is currently managing a RM25.0 million fund of Mavcap Biotech Sdn Bhd as part of the RM500 million allocation to the Finance Ministry under the Eight Malaysia Plan.

Portfolio a) Fyto Elegance Sdn Bhdb) Infinite Tests Solutions (M) Sdn Bhdc) Aatomo Manufacturing (M) Sdn Bhdd) IBG Bio Ventures Sdn Bhde) Ample Effect Sdn Bhdf) Station Network (M) Sdn Bhdg) Green Agrowares Technology Sdn Bhdh) Mobile Wallet Sdn Bhdi) MyMix Sdn Bhdj) Redhot Media International Ltd

13 Expedient Equity Two Sdn BhdAddress E3A03A, Jalan PJU8/1, Metropolitan Square Office, Damansara Perdana,

47820 Petaling Jaya, Selangor

Telephone +603 7722 1368

Fax +603 7728 8186



Size of Investment

RM1.5 million to RM4 million per portfolio Fund Size RM5 million to RM50 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life SciencesAdvance Material

Type of Financing

Minority Equity



Southeast Asia, specifically MalaysiaAsia PacificAsia

Financing Role

Lead Investor






Year Founded 2007

Management Team

1. Jason Ng Heng Sin 2. Mohd Daniel Mat Noh

PartnerPartner

Contact Person(s)

1. Jason Ng Heng Sin 2. Mohd Daniel Mat Noh

DirectorDirector

Other Information

Company Description

Expedient Equity Two Sdn Bhd is a venture capital fund management company under the Second Malaysian Venture Capital Management Bhd’s (Mavcap) outsourcing partner program launched in 2007. The company is managing a total fund size of RM30.3 million of Expedient Equity Ventures Sdn Bhd, focusing on investment in emerging growth companies within the ICT sectors in Malaysia and in the region.

Portfolio a) Neudia Holding Limitedb) IQ Global Sdn Bhdc) Fibon Bhdd) EA Global Holdings Limitede) Century Software (M) Sdn Bhdf) Newszapped Media (M) Sdn Bhd

14 FirstFloor Capital Sdn BhdAddress 7th Floor, PNB Damansara, 19 Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur

Telephone +603 2093 4044

Fax +603 2093 8244


Website www.firstfloorcapital.com


Size of Investment


Source of Capital

Government AgenciesBanksCorporationsInsurance CompaniesPension FundsPrivate Individuals

Industry Preference

Information TechnologyComputer RelatedTelecommunicationsBiotechnology/Life SciencesManufacturing

Type of Financing



Asia



Financing Role

Lead Investor




Year Founded 2000

Management Team

1. Mohd Nizar bin Ali 2. Tengku Mohd Fahmi Tengku Hamzah 3. Muhammad Zauqi Abdullah

Managing DirectorInvestment DirectorInvestment Director

Contact Person(s)

1. Mohd Nizar bin Ali 2. Tengku Mohd Fahmi Tengku Hamzah

Managing DirectorInvestment Director



Other Information

Company Description

FirstFloor Capital Sdn Bhd manages both private and institutional funds and has invested in technology companies ranging from nutraceuticals to artificial intelligence and in stages ranging from seed to pre-mezzanine. However, with the current economic condition, we are focusing on investments in companies which are at mezzanine as well as buy-out stages.

Portfolio 1. Inertia AIF Sdn Bhd2. Inflexion PEF Sdn Bhd3. Continuum Capital Sdn Bhd

15 Goldis Capital Sdn BhdAddress Penthouse, Menara Tan & Tan, 207, Jalan Tun Razak, 50400 Kuala Lumpur

Telephone +603 2163 1111

Fax +603 21637020



Year Founded 31 January 2007

Management Team

Colin Ng Cho Leng Head of Corporate Investment

Contact Person(s)

Victor Lim Jin Yew Asst. Mgr. Corp. Investment

Fund Size The company has not commenced operations. The company is looking to kick-start in the fourth quarter of 2009.

16 Ingenious Haus Sdn BhdAddress Suite 168, A-G-3A, North Point, Midvalley City, No.1, Medan Syed Putra Utara, 59200 Kuala Lumpur

Telephone +603 2161 5403

Fax +603 2161 3618


Website www.ingenioushaus.com


Size of Investment

Up to RM5 million per deal Fund Size RM5 million to RM50 million

Source of Capital


Industry Preference

Information TechnologyTelecommunicationsHigh/Nano TechnologyAgrotechPowerManufacturingConsumer ProductsFinancial ServiceHospitality/LeisureMedia/Entertainment

Type of Financing




Financing Role



Start-Up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-InsPIPE FinancingPrivatisation


Southeast Asia




Year Founded 2004

Management Team

1. William Du 2. Bernard Koh 3. Judith Ng

Chief Executive OfficerExecutive DirectorAssociate Director

Contact Person(s)

1. William Du 2. Bernard Koh

Chief Executive OfficerExecutive Director

Other Information

Company Description

Ingenious Haus Group is a boutique corporate advisory firm committed to helping entrepreneurs and mid-sized companies accelerate growth and create value. Our wealth of experience and industry expertise enables us to assist entrepreneurs in developing solutions to deal with complexity and challenges of the business environment today.

We offer comprehensive range of funding solutions and expansion capital to entrepreneurs in growing their business. We share and manage risk with entrepreneurs. We work with companies closely to add and ultimately realize value, through well defined exit strategies.

17 Intelligent Capital Sdn BhdAddress 1) 18-2, Jalan 1/76 C, Desa Pandan, 55100 Kuala Lumpur

2) Suite B-09-04 & 05, Plaza Mont Kiara, No 2, Jalan Kiara, 50480 Mont Kiara, Kuala Lumpur

Telephone +603 9281 6588 / +603 6210 3773

Fax +603 9281 6598 / +603 6210 1223


Website www.intelligentvc.com


Size of Investment

Less than RM5 million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyAgrotechPowerFinancial ServiceMedia/Entertainment

Type of Financing





Southeast Asia Asia

Financing Role

Lead Investor


Seed/R&DStart-Up/Early StageMezzanine/Pre-IPO


Year Founded 2000

Management Team



Contact Person(s)





18 Intrasys Sdn BhdAddress Level 3, Menara Bank Pembangunan, Bandar Wawasan 1016, JAlan Sultan Ismail, 50724 Kuala Lumpur

Telephone +603 2692 2962

Fax +603 2697 3343


Website www.intrasys9.net


Size of Investment


Source of Capital


Information TechnologyBiotech/Life SciencesAgrotechMarine/MaritimeManufacturingConsumer ProductsMedia/Entertainment

Type of Financing

Equity Primarily



Financing Role

Participating in Syndicates Geographical Preference

Southeast Asia




Year Founded 1998

Management Team

1. Jasmani bin Abbas 2. Aminuddin bin Abdul Rahman

DirectorDirector

Contact Person(s)


DirectorDirector

Other Information

Company Description

Intrasys Sdn Bhd and Bank Pembangunan Malaysia Bhd (BPMB) jointly owned Pembangunan Ekuiti Sdn Bhd in the ratio of 45:55 favoring Bank Pembangunan Malaysia Bhd Apart from partnering with BPMB, Intrasys in turn is the mandated outsource partner Pembangunan Ekuiti Sdn Bhd in managing the RM1.0 billion SME Growth Acceleration Fund Sdn Bhd.

19 iSpring Venture Management Sdn BhdAddress P-2-6 Plaza Damas, No. 60, Jalan Sri Hartamas 1, 50480 Kuala Lumpur

Telephone +603 6203 3906

Fax +603 6203 2915


Website www.ispringcapital.com


Size of Investment


Source of Capital


Information TechnologyTelecommunicationsElectronicHigh/Nano TechnologyConsumer Products

Type of Financing

Equity Primarily






Southeast AsiaAsia Pacific

Financing Role

Lead InvestorParticipate in Syndications




Year Founded 2002

Management Team

1. David Fong Seow Kee 2. Wee Su San

ChairmanChief Executive Officer

Contact Person(s)

Wee Su San Chief Executive Officer

20 Kenanga Private Equity Sdn Bhd Address Suite 4.11, 4th Floor Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur

Telephone +603 2164 9820 / +603 2164 9080

Fax +603 2162 9814

Email [email protected]@kenanga.com.my

Website www.kenanga.com.my


Size of Investment

RM10 million Fund Size RM50 million to RM100 million

Source of Capital

BanksCorporationsPension Funds

Industry Preference

ManufacturingConsumer Products

Type of Financing


Southeast Asia Asia


Sit on Board

Financing Role





Year Founded 1997

Management Team

1. Iskander Bin Ismail Mohamed Ali2. Lee Kok Khee 3. Andrew Ho Tho Kong

DirectorActing Chief Executive OfficerDirector/Head, Investment Banking

Contact Person(s)

Andrew Ho Tho Kong Director/Head, Investment Banking Officer

21 Kumpulan Modal Perdana Sdn BhdAddress Suite 7.02, Level 7, The Gardens South Tower, Midvalley City, Lingkaran Syed Putra, 59200 Kuala Lumpur

Telephone +603 2264 5288

Fax +603 2264 5388

Website www.modalperdana.com




Size of Investment

RM250,000 to RM7.6 million per company Fund Size RM100 million to RM500 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsElectronic Biotechnology/Life SciencesMedia/EntertainmentAdvance Material

Type of Financing




Financing Role

Participate in Syndicates Geographical Preference

Southeast Asia, specifically China North America




Year Founded 2001

Management Team

1. Mohammad Hazani Bin Hassan2. Badrul Hisham Bin Jaafar 3. Yarham Bin Yunus

Senior Vice PresidentAssistant Vice PresidentAssistant Vice President

Contact Person(s)

1. Mohammad Hazani Bin Hassan2. Badrul Hisham Bin Jaafar

Senior Vice PresidentAssistant Vice President

Other Information

Company Description

Kumpulan Modal Perdana Sdn Bhd (Modal Perdana), a wholly owned company of Malaysia’s Minister of Finance Inc, is currently managing RM190 million technology venture funds. Modal Perdana embarks on investing in fund of funds in the Silicon Valley, US and in China through its off-shore set up in Labuan for high growth technology-based investments. Modal Perdana also invest in promising Malaysian companies with global prospects through its Perdana Fund and Plug & Play Technology Holdings Fund.

Portfolio LOCAL COMPANIES1. Green Packet Bhd2. BSL Corporation Bhd3. ETI Tech Corp Bhd4. BCT Tech Bhd5. NextNation Comm. Bhd6. Express Asia Bhd7. Red Hot Media Sdn Bhd8. Air Broadband Sdn Bhd9. Orogenic Holdings Bhd10. Fibon Bhd11. Pictureworks Sdn Bhd12. EA Global Holdings13. Prestariang System Sdn Bhd14. Simugen Asia Sdn Bhd15. Bimbit.Com Sdn Bhd16. Adexcel Online Networks Sdn Bhd

INTERNATIONAL COMPANIES1. W&W Communications Inc2. Sabio Lab Inc3. Ibrix Inc4. Symmid Semiconductor Technology Inc5. CYCLOS Semiconductor Inc6. Fusion Ops Inc7. Multigig Inc8. AArohi Communication Inc9. Cenway Pharmaceutical Co. Ltd10. Teknova Holdings Ltd11. Stelcom Information Technology Co. Ltd12. Environmental Holding Pte. Ltd13. Solar*Tec AG 14. Shanghai Zesun Navigation Electron Technology Co. Ltd 15. JinkoSolar Holding Co. Ltd (Desun Group)

22 Malaysia Venture Capital Management BhdAddress Level 10, Menara Bank Pembangunan, 1016, Jalan Sultan Ismail, Bandar Wawasan, 50300 Kuala Lumpur

Telephone +603 2050 3000

Fax +603 2698 3800


Website www.mavcap.com.my




Size of Investment


Source of Capital


Information TechnologyComputer RelatedTelecommunicationsElectronicFinancial ServiceMedia/Entertainment

Type of Financing

Equity Primarily



Financing Role







Year Founded 2001

Management Team

1. Husni Salleh 2. Anwar Jumabhoy 3. Amirusddin Azahar 4. Vincent Ye5. Shaik Taufik Shaik Yusoff

Chief Executive OfficerSenior Vice President - InvestmentSenior Vice President - InvestmentSenior Vice President - InvestmentSenior Vice President - Agency

Contact Person(s)

1. Nur Baidzurah Mohd. Ali2. Suzanna Kassim

Vice President - Corporate ServicesVice President – Operations

Other Information

Company Description

Incorporated in 2001 by the Malaysian Government, Malaysia Venture Capital Management Bhd (MAVCAP) is the nation’s largest venture capital (VC) firm. It focuses on investments in the local information, communications and technology sector (ICT).

MAVCAP was founded to realize the Government’s twin objective of developing the VC industry and encouraging entrepreneurship in the technology sector. In order to deliver on the mandate given, the Company on its part has made the following its mission:

• To groom venture capitalists• Empower entrepreneurs to create wealth• Generate attractive returns for its investments

The firm provides an alternative source of high-risk financing for start-ups, seed and early stage, mezzanine and up to IPO ventures in the ICT sector and high-growth industries.

The Company commonly invests for a period of 5 to 8 years in seed, start-ups, and early stage companies, during which it holds a Board position and drives key management decisions. Initial investments of RM1 million to RM3 million are complemented with Mezzanine allocations valued at RM5 million to RM10 million to see companies through to the pre-IPO stage.

In later stage investments, MAVCAP typically keeps its investment in the venture for between 3 and 5 years.

Portfolio Calltime Technologies Sdn Bhd Network-based telephony solutions http://www.calltime.com.au

CPK Solutions www.cpksolutions.com.au

Qubeconnect Sdn Bhd Converged multi-services telecommunication solution http://www.qubeconnect.com

Corentix Technologies Sdn Bhd Cryptography biometric engine



Eco Packaging Sdn Bhd Bio-degradable packaging www.ecopak.com.my

Enlightened Innovative Solutions Sdn Bhd Ultra High Luminosity LED solutions

Flowmore Engineering Sdn Bhd Palm mill effluent treatment system

Global Oddyssey Corporation

Ncore Systems Sdn Bhd Banking and identity solution system www.ncore.com.my

Omnilogic Sdn Bhd Set-top box recording system http://www.omnilogic.com.myNuSuara Technologies Sdn Bhd Speech recognition software http://www.nusuara.com

Polarizone Technologies Sdn Bhd Wireless secure network http://www.polarizone.com

Printelli Sdn Bhd Printing cost estimating software http://www.printelli.com

Sigmax eServices Sdn Bhd Business Process Outsourcing http://www.sigmax-e.com

T-Melmax Global Sdn Bhd Payroll payment system www.t-melmax.com

Cyngus Technologies Sdn Bhd Toll Free Network Services developer http://www.cyngus.com.my

Elemental Ventures Sdn Bhd Digital sound production studio http://www.imaginexstudios.com

FIBON http://www.fibon.com.my

GameBrains Sdn Bhd Games/entertainment title development http://www.gamebrains.com

GS Production Sdn Bhd Production of high-definition documentaries http://www.gsproductions.com.myTripod Entertainment Sdn Bhd Production of original animation IPs for TV or DVD release http://www.tripod-ent.com

Wireless People (M) Sdn Bhd Wireless sensors network http://www.wireless-people.com

Tecforte Sdn Bhd Intelligent security management system http://www.tecforte.com

Vantage Point Consulting Sdn Bhd SAP solution provider http://www.vantage-intl.com

23 Malaysian Technology Development Corporation Sdn BhdAddress Level 8-9, Menara Yayasan Tun Razak, Jalan Bukit Bintang, 55100 Kuala Lumpur

Telephone +603 2172 6000

Fax +603 2163 7570


Website www.mtdc.com.my


Size of Investment

Not Fixed Fund Size More than RM500 million

Source of Capital


ElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechManufacturingAdvance Material/Advance Manufacturing

Type of Financing

Minority Equity





Financing Role



Southeast Asia North AmericaAsia Pacific Asia Middle EastEuropeCentral AmericaSouth America




Year Founded 1992

Management Team

1. Norhalim Yunus 2. Jamaludin Bujang 3. Rashidan Shah Abdul Rahim 4. Mariamah Hj Daud 5. Muhd Shaman Bakar 6. Affeiz Abdul Razak 7. Mohammad Farish Nizar Othman8. Zahariah Zabidin

Chief Executive OfficerDirector, InvestmentDirector, MLSCF and Special ProjectsDirector, Technology Funding ProgrammeDirector, Incubation and NurturingHead, Internal AuditSenior Vice President I, CEO OfficeSenior Vice President II, CEO Office

Contact Person(s)

Norhalim Yunus Chief Executive Officer

Other Information

Company Description

Malaysian Technology Development Corporation (MTDC) was set up by the Government of Malaysia in 1992 to spearhead the development of technology businesses in Malaysia. Its initial role was to concentrate on the promotion and commercialization of local research and invests in new ventures that can bring in new technologies from abroad. From those investment activities, MTDC has evolved to become a venture capital outfit and has been the leading venture capitalist in the country.

24 Malaysian Ventures Management Incorporated Sdn BhdAddress Level 15, Bangunan AmBank Group, No. 55, Jalan Raja Chulan, 50200 Kuala Lumpur

Telephone +603 2078 2392

Fax +603 2072 8253



Size of Investment

Up to RM20 million Fund Size RM100 million to RM500 million

Source of Capital

Banks Pension Funds

Industry Preference

Information TechnologyElectronicMarine/MaritimePowerManufacturingConsumer ProductsFinancial Service

Type of Financing

Equity Primarily



Financing Role



Southeast Asia




Year Founded 1985



Management Team

1. Francis Ng Lin Fatt 2. Lim Yong Lee


Contact Person(s)

Francis Ng Lin Fatt Chief Executive Officer

Other Information

Company Description

Malaysian Ventures Management Incorporated (MVMI) is a registered VCMC and is managing the RM100 million private equity fund called AmPrivate Equity. Target sectors are manufacturing concerns in key growth industries. business services, resource-based manufacturing, environmental services, energy services, logistics services, and promising information and communications technology (ICT) companies with proven track record. MVMI will also invest in Malaysian companies seeking equity capital for regional expansion and/or regional acquisition opportunities.

Portfolio Soon Soon Oilmills Sdn BhdCDS Freight Holdings LimitedIEV Energy Sdn Bhd

25 Mayban Ventures Sdn BhdAddress Level 41, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur

Telephone +603 2032 2188

Fax +603 2031 2188



Size of Investment

Unlimited Fund Size More than RM500 million

Source of Capital

Government Agencies BanksCorporationsInsurance CompaniesPension Funds

Industry Preference

No preferred industry

Type of Financing


Southeast Asia



Financing Role



Start-up/Early StageExpansion/Growth CapitalMezzanine/Pre-IPOBuy-Outs/Buy-Ins


Year Founded 1993

Management Team



Contact Person(s)



Other Information

Company Description

Mayban Ventures Sdn Bhd (Mayban Ventures) is a private equity management company whose shareholders are Malayan Banking Bhd (70%) and Aseambankers Malaysia Bhd (30%). The Company which was incorporated in February 1993 is licensed/registered with Securities Commission of Malaysia.

Being part of the growing private equity investment community, we pool capital from institutional and high net worth investors to fund and manage portfolios of privately held investments.



Mayban Ventures manages several private equity funds which invest in companies who need long term risk capital to finance new projects and business expansion including risk capital to restructure and turnaround distressed companies, in turn provides opportunities for the funds’ investors to participate in the enhanced value of such companies after completion of such exercise.

As partner and manager in an investee company, Mayban Ventures works towards realizing an above average returns for all shareholders in the investee company. During the investment holding’s period, Mayban Ventures will assist its investee company in mapping strategic directions, providing corporate and business development services and accessing other forms of funding and services available within the Malayan Banking Group.

Portfolio a) Vasa International Sdn Bhd – Water- Resistant Laminated Flooring Manufacturer.b) Vasa International (Malaysia) Sdn Bhd is a specialist manufacturer of superior water-resistant quality

laminate flooring.

26 MSC Venture Corporation Sdn BhdFor details, please refer to MSC Venture One Sdn Bhd in the VCC list.

27 MIDF Amanah Ventures Sdn Bhd Address Level 20, Menara MIDF, 82, Jalan Raja Chulan, 50200 Kuala Lumpur

Telephone +603 2173 8888

Fax +603 2173 8897


Website www.midf.com.my


Size of Investment

Up to RM5 Million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyMarine/MaritimeManufacturingHospitality/LeisureWaste Management

Type of Financing

Equity Primarily


Sit on Board

Financing Role


Malaysia




Year Founded 1990

Management Team

Tan Heng Chee Acting Deputy Chief Executive Officer

Contact Person(s)

Tan Heng Chee Acting Deputy Chief Executive Officer

28 Musharaka Venture Management Sdn Bhd For details, please refer to Musharaka Tech Venture Sdn Bhd in the VCC list.



29 Netrove Partners Sdn BhdAddress No.39A, Jalan SS21/60, Damansara Utama, 47400 Petaling Jaya, Selangor

Telephone +603 7722 3363

Fax +603 7722 4361


Website www.netrove.com


Size of Investment

RM500,000 to RM5 million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesManufacturingConsumer ProductsMedia/Entertainment

Type of Financing




Financing Role







Year Founded 1999

Management Team

1. Teh Kim Seng 2. Chu Tzu Ming 3. Chung Yew Pong

ChairmanPartnerVice President

Contact Person(s)

1. Teh Kim Seng2. Chung Yew Pong

ChairmanVice President

30 Netval Management Sdn BhdFor details, please refer to Netval Ventures Sdn Bhd in the VCC list.

31 OSK Private Equity Management Sdn BhdAddress 15th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Telephone +603 2161 7233

Fax +603 2175 3322




Size of Investment


Source of Capital



Type of Financing







Asia Pacific

Financing Role

Lead Investor




Year Founded 2002

Management Team



Contact Person(s)



Other Information

Company Description

The principal activity of OSK Private Equity Management Sdn Bhd (OSKPEM) is the management of investments in securities of venture companies. OSKPEM was registered as a Venture Capital Management Corporation on 18 November 2002.

Portfolio OSKPEM manages OSK Ventures International Bhd (OSKVI) Group of venture capital funds and as such, does not have any portfolio directly.

32 Pembangunan Ekuiti Sdn Bhd Address Level 3, Menara Bank Pembangunan, Bandar Wawasan, 1016, Jalan Sultan Ismail, 50724 Kuala Lumpur

Telephone +603 2692 2962

Fax +603 2697 3343



Size of Investment

RM2 Million to RM5 million Fund Size RM100 million to RM500 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechMarine/MaritimeManufacturingConsumer ProductsMedia/Entertainment

Type of Financing

Equity Primarily


Sit on BoardActive in Management AdviceFinancial Advice

Financing Role

Lead Investor Participating in Syndicates


Expansion/Growth Capital Geographical Preference

Malaysia


Year Founded 1994

Management Team

1. Jasmani bin Abbas 2. Aminuddin bin Abdul Rahman3. Tairuddin bin Yusoff

Chief Executive Officer/DirectorDirectorChief Operating Officer

Contact Person(s)


Chief Executive Officer/DirectorDirector



Other Information

Company Description

Pembangunan Ekuiti is a subsidiary of Bank Pembangunan Malaysia Bhd. The company is currently managing SME Growth Acceleration Fund Sdn Bhd with initial fund size of RM200 million.

Portfolio Number of investee under SME Growth Acceleration Fund Sdn Bhd is 27 companies covering ICT, oil and gas, component manufacturing and assembly, food processing and distribution as well as other general services sectors.

33 Photonics Venture Capital Sdn BhdAddress 18-9-A, Gurney Tower, Persiaran Gurney, 10250 Penang

Telephone +604 2268 510

Fax +604 2298 510


Website www.photonics.com


Size of Investment

Maximum RM3 million per deal Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyManufacturingMedia/Entertainment

Type of Financing

Equity Primarily




Southeast Asia

Financing Role

Lead Investor




Year Founded 2001

Management Team

1. Jerry Chin 2. Lim Theng Eng

Chief Executive OfficerInvestment Director

Contact Person(s)

1. Jerry Chin 2. Lim Theng Eng

Chief Executive OfficerInvestment Director

34 RHB Private Equity Holdings Sdn BhdAddress Level 12, Tower Three, Rhb Centre, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia

Telephone +603 9280 5134

Fax +603 9287 2233 / +603 9287 3355

Website www.rhb.com.my


Size of Investment

RM2 million to RM10 million Fund Size –



Source of Capital

– Industry Preference

Energy Support ServicesHealthcareIndustrials MaterialsType of

FinancingEquity Primarily Minority Equity




Southeast Asia, specifically Malaysia and SingaporeAsia Pacific

Financing Role





Year Founded 2006

Management Team

1. Rafidz Rasiddi 2. Foong Chong Lek

Head Of Investment BankingSenior Manager

Contact Person(s)

Rafidz Rasiddi Head Of Investment Banking

Other Information

Company Description

RHB Private Equity seeks growing and resilient companies in our preferred sectors of energy support services, healthcare, industrials and materials. We wish to work with entrepreneurs and owners who have built strong fundamentals and now desire to bring their businesses to the next level.

35 SCS Capital Sdn BhdAddress D-7-1, Block D, Megan Avenue 1, 189 Jalan Tun Razak, 50400 Kuala Lumpur

Telephone +603 2162 2260 / +603 2162 2386

Fax +603 2162 6950


Website www.scscapital.com


Size of Investment

RM5 million Fund Size RM5 million to RM50 million

Source of Capital


Information TechnologyTelecommunicationsHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechConsumer Products

Type of Financing

Equity Primarily




Southeast Asia

Financing Role

Lead Investor


Seed/R&DStart-Up/Early Stage


Year Founded 2006



Management Team

1. Rahman Ali Bin Abdul Wahab 2. Habeeb Mohamed Abdul Hameed 3. Mohd Bilal Abdullah


Contact Person(s)

1. Rahman Ali Bin Abdul Wahab 2. Habeeb Mohamed Abdul Hameed

DirectorDirector

Other Information

Company Description

SCS Capital is very much focusing on Nanotechnology and pharmaceutical related companies for the time being. On managing funds, we are planning to be more active in sourcing funding from China in the near future as private funds interests have decreased due to economic crisis.

Portfolio To date, SCS Capital has only invested in Nanopharm Technologies (M) Sdn Bhd but we are in the midst of negotiating with another company for our next investment.

36 Spring Hill Management Sdn BhdAddress 1) C-3-7, Plaza Damas, 60, Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur

2) P.O. Box 822, Guildford, Surrey GU5 0ZR, United Kingdom

Telephone +603 6203 2390

Fax +603 6203 2108

Email [email protected]@springhilluk.com

Website www.springhilluk.com


Size of Investment

USD500,000 and above Fund Size RM100 million to RM500 million

Source of Capital

Government AgenciesCorporationsInsurance Companies

Industry Preference


Type of Financing

Equity PrimarilyEquity/LoansMinority EquityMajority Equity


Asia Europe North America



Financing Role





Year Founded 2003

Management Team

1. Datuk Dr Kim Tan 2. Cameron Denny

Chairman / DirectorFinance Manager

Contact Person(s)

1. Angie Ang 2. Cameron Denny

DirectorFinance Manager

Other Information

Company Description

SpringHill is a venture capital fund management company specializing in the field of life sciences, focusing upon early stage investments and development capital.The SpringHill team has extensive scientific and technical knowledge of this highly complex and challenging industry. In addition, the team has a considerable degree of entrepreneurial and business expertise gained in life sciences companies in the US, Europe and Asia. These are companies the team members have personally created, managed, grown and listed as founders, investors, directors, mentors and executives.



Portfolio Europe1. Bioventix’s proprietary antibody technology was developed to generate very high affinity sheep monoclonal

antibodies (SMAs) with significantly greater affinities than those generated by conventional technologies (e.g. mouse monoclonal antibodies). The improved target-binding properties of SMAs enable them to used in various diagnostic assay formats with improved selectivity, sensitivity and precision.

Bioventix clients are leading multinational diagnostic companies including Abbott Laboratories, Roche, Dade Behring, Beckman Coulter and Biomerieux.

Bioventix is also developing therapeutic antibodies using its technology for oncology and biodefence applications.www.bioventix.com

2. Psimei Pharmaceuticals is developing boron-based drugs for applications in Photon Activation Therapy (PAT). This involves the use of standard radiotherapy to activate boron-based compounds which selectively target solid tumors. This results in an amplification of the therapeutic effect of conventional radiotherapy. Pre-clinical data for Psimei’s lead product, PP200PAT, has demonstrated 90 percent true cure rates at 6 months in tumor models compared with 30 percent for conventional radiotherapy alone. It also enabled much shorter treatment regimes, i.e. within days as opposed to weeks. This drug is being prepared for clinical development.www.psimei.co.uk

3. Sphere Medical is developing highly innovative monitoring products to provide clinical and economic benefits in the critical care environment, based on the company’s proprietary technology. The products allow minimally invasive, real time measurement of clinical chemistry parameters and therapeutic drug concentrations, giving healthcare professionals the information they require to more effectively manage therapy and optimize patient outcomes. Sphere Medical was founded in 2002 and is based in Cambridge, UK.www.spheremedical.com

Malaysia4. Alpha Biologics is an independent contract biomanufacturing organisation offering FDA/EMEA cGMP

compliant services to the worldwide pharmaceutical and biotechnology industry. Initial process development is undertaken by Alpha’s highly experienced team in Cambridge, England, before being transferred to the new 5,000 sq meter facility in Malaysia for final process technology transfer and manufacturing of biologics drugs for pre-clinical and clinical trials. The facility has been designed to produce primarily mammalian cell secreted proteins, including monoclonal antibodies and recombinant proteins. Future expansion will be in two stages – a ‘fill/finish’ operation and a microbial cell facility. Managed by a team of specialists with significant cGMP manufacturing experience in the US and Europe that will ensure the highest standards of production and regulatory compliance. The company is headquartered in the UK.www.alphabiologics.com

5. Progenix Research is an independent contract research organization offering toxicology services to the world-wide pharmaceutical, biotechnology, agrochemical and industrial chemical industries. It is a newly formed, independent contract research organization with laboratory facilities currently under construction in Penang, Malaysia. The company’s European headquarters are based in Malvern, England, and it also has a histopathology laboratory in Edinburgh, Scotland. A high quality, yet cost-efficient service for toxicology and associated studies will be offered, including studies on pharmaceuticals, biotechnology products, medical devices, food additives, agrochemicals, biocides, and specialty chemicals.www.progenixresearch.com

6. GMX Biotech Malaysia is a joint-venture between GeneMedix plc, UK and the Penang Development Corporation for the manufacture of recombinant human insulin. This will be the first recombinant human insulin plant in South East Asia. A 1500 m2 facility will be constructed on the Penang Biotech Park and each 25,000 liter fermenter will be capable of producing significant amounts of insulin per annum. GMX Biotech Malaysia will export insulin to the global as well as regional markets.www.genemedix.com

India7. Marksans Pharma (formerly Glenmark Laboratories) is one of the fastest growing pharmaceutical

companies in India, with a focused approach on creating a world-class, global and fully integrated pharmaceutical company. Its manufacturing plant is one of the largest in Asia and is approved by UK-MCHRA and Australian-TGA authorities. Marksans’ focus is to become a preferred supplier for formulation



outsourcing by first world countries, develop a marketing presence in the EU and, through a combination of licensing and partnering, become a significant integrated pharmaceutical company. It has just completed the reverse takeover of TASC Pharmaceuticals, a publicly quoted API company, to form a corporation valued at USD120 million.www.marksanspharma.com

United States8. MEC Dynamics, based in San Francisco, California, is developing a ‘point of care’ device for testing HbA1c

levels in diabetic patients. HbA1c is a key diagnostic marker of a patient’s risk for diabetes complications. Currently, the vast majority of these tests are undertaken in central laboratories – a costly and time-consuming process. The MEC device will allow diabetic patients and their physicians to get immediate HbA1c test results. This will enable more careful and ‘real time’ management of a patient’s glucose levels. In time, the device will accommodate numerous rapid and inexpensive physiological tests.www.mecdynamics.com

37 Tech And Bio Incubator Sdn BhdAddress 2A-5, Jalan SS6/6, Kelana Jaya, 47301, Petaling Jaya

Telephone +603 7805 4692

Fax +603 7880 6212



Size of Investment

– Fund Size –

Source of Capital



Type of Financing


Southeast Asia



Financing Role





Year Founded 2004

Management Team

1. Ng Huat Chai 2. Ng Siok Meng 3. Ng Huat Tian


Contact Person(s)

1. Ng Siok Meng 2. Ng Huat Tian

DirectorDirector

38 Teak Capital Sdn BhdAddress #22-01, Menara Dion, No. 27 Jalan Sultan Ismail, 50250 Kuala Lumpur

Telephone +603 2031 2202

Fax +603 2031 2205


Website www.teakcapital.com.my




Size of Investment

Up to RM6 million per investment Fund Size RM5 million to RM50 million

Source of Capital


Industry Preference

Information TechnologyComputer RelatedTelecommunicationsElectronicHigh/Nano TechnologyBiotechnology/Life SciencesAgrotechManufacturingMedia/EntertainmentHigh growth leveraging on technology

Type of Financing




Financing Role





Southeast Asia, specifically Malaysia Asia PacificNorth America


Year Founded 2008

Management Team

1. Chok Kwee Bee 2. Chong Chee Khen 3. Eliza Noordin

Managing DirectorSenior Vice PresidentVice President

Contact Person(s)

1. Chok Kwee Bee 2. Chong Chee Khen

Managing DirectorSenior Vice President

Other Information

Company Description

Teak Capital Sdn Bhd (Teak Capital) is a technology focused venture capital management corporation based in Kuala Lumpur. Teak Capital is a partner under Malaysia Venture Capital Management Bhd’s (MAVCAP) Second Outsource Partners’ Program and currently manages its inaugural fund, Teak Ventures Sdn Bhd. Teak Capital’s investments are focused on Information Communication Technology (ICT) and high growth sectors leveraging on technology.

The team at Teak Capital brings in experience in venture capital investment, technology & industry knowledge, corporate operations and access to global resources that provide invaluable results to its investors and assistance to early and mezzanine stage companies to grow. The team at Teak Capital diligently works hand in hand with entrepreneurs to bring the best values out of the companies and grow their business together as partners.

39 Trupartners Sdn BhdAddress M-2-1, Plaza Damas, No. 60, Jalan Hartamas 1, 50480 Kuala Lumpur

Telephone +603 6203 3030

Fax +603 6203 3131


Website www.trupartners.com.my


Size of Investment


Source of Capital


Agrotech



Type of Financing


Southeast Asia


Sit on Board

Financing Role

Lead Investor




Year Founded 2007

Management Team

1. Norazharuddin bin Abu Talib 2. Zainal Abidin bin Abas

Managing DirectorExecutive Director

Contact Person(s)

1. Norazharuddin bin Abu Talib 2. Zainal Abidin bin Abas

Managing DirectorExecutive Director

40 Zenith Capital Partners Sdn Bhd Address 34, Jalan SS6/8, Kelana Jaya, 47301 Petaling Jaya

Telephone +603 7880 8092

Fax +603 7880 8094



Size of Investment

RM2 million Fund Size Below RM5 million

Source of Capital



Type of Financing


Southeast Asia



Financing Role





Year Founded 2004

Management Team

1. Tan Kan Loong 2. Kenneth Chai 3. Tay Kim Yong

DirectorGeneral ManagerCorporate Finance Manager

Contact Person(s)

1. Tan Kan Loong 2. Kenneth Chai

DirectorGeneral Manager

Other Information

Portfolio • Myputralink Sdn Bhd• Maslog IT Solutions Sdn Bhd• Redhot Media Sdn Bhd• Insignet Sdn Bhd• Biocell Corporation Sdn Bhd


Malaysian Venture Capital& Private Equity Association

Established on 27 February 1995, the Malaysian Venture Capital & Private Equity Association (MVCA) is tasked to promote and develop the local venture capital and private equity industry in line with the nation’s vision of achieving a fully developed nation by 2020. Its main thrusts are to:

PROMOTE

• Promotion – Promote and develop the venture capital and private equity industry as a source of equity financing for businesses.

• Cooperation – Collaborate with international venture capital associations and encourage joint efforts among members and other organizations.

• Alliances – Facilitate business funding or investment-seeking, and alliances between trade groups and members.

FACILITATE

• Representation – Represent members’ views to government, public authorities and bodies.

• Interaction – Facilitate regular discussions by organizing meetings and networking functions between members, government agencies ad industry groups.

DEVELOP

• Training – Develop capacity building and encourage high standards of professionalism by organizing forums, talks, seminars and conferences.

• Research – Stimulate research and analysis of venture capital and private equity investments, and disseminate commercial statistics related to the industry.

• Information – Publish newsletter and website containing activities of members and potential venture opportunities.

Malaysian Venture Capital & Private Equity Association26-3, Plaza Damansara, Jalan Medan Setia 2, Bukit Damansara, 50490 Kuala Lumpur

Tel : +603-2096 2094 Fax : +603 2095 8992 Email : [email protected]

MVCDC 2009 - Adverts.indd 78 13/5/09 2:00:42 PM

As a principal-run firm, CMS Opus Private Equity (COPE)is able to make decisions which are longer term in natureand with a greater degree of continuity and not subjectedto the uncertainties of changes in the management team.

The principals are Malaysians who have been workingtogether for more than 10 years with combined experienceof well over 40 years, not just in Malaysia, but in the Asianregion as well. This well rounded skill set is unique amongprivate equity firms in Malaysia and is a reason for our fast

turnaround time and strong value adding capability.

COPE embodies the traditional risk taking merchantbanking culture where ability to spot profitable investmentopportunities coupled with the introduction of risk capitalare put alongside capital market skills to enhance your

business.

For more information, please give us a call at+603 2031 9008.

.

Expansion / developmentcapital (to mid- and latestage companies), wherebusinesses need additionalfunding to take it to thenext level of growth

Mezzanine investment

Management buyouts

Distressed debts

Privately negotiated stakesin publicly listedcompanies as part of astrategic stake or as partof capital injection torevive companies

Operationally viablecompanies in turnaroundsituations and withdistressed equitysituations where there isopportunity to be astrategic investor.

CMS Opus Private Equity Sdn Bhd(Company No. 694013-H)

Level 33 (Suite A), Menara Maxis, Kuala Lumpur City Centre,50088 Kuala Lumpur

Tel: +6 03 2031 9008 Fax: +6 03 2031 4008



c ListofPressReleases,KeynoteAddresses& WelcomingRemarks

This section lists out the relevant write ups in relation to venture capital developments/events held previously in Malaysia which can be downloaded from the SC’s website (www.sc.com.my)

1 Title “SC registers first foreign venture capital corporation”

Date 29 September 2008

Category Press Release

2 Event Islamic Venture Capital & Private Equity Conference 2008“Taking the Lead in Developing a Robust Islamic VC & PE Industry”

Date 7 May 2008

Venue Shangri-La Hotel, Kuala Lumpur

Presented by YBhg Dato Dr. Nik Ramlah Nik MahmoodManaging Director, Securities Commission Malaysia

Category Keynote Address

3 Event INCEIF Inaugural Intellectual Discourse Series II

Date Thursday, 24 May 2007

Venue Securities Commission, Kuala Lumpur

Presented by YBhg Dato’ Sri Zarinah AnwarChairman, Securities Commission

Category Welcoming Remarks

4 Title “Malaysian venture capital industry strengthens foothold amonginstitutional investors”

Date 6 May 2007

Category Press Release

5 Event Venture Capital Roundtable 2007

Date Friday, 4 May 2007


Presented by YBhg Dato’ Sri Zarinah AnwarChairman, Malaysian Venture Capital Development Council


6 Event Venture Capital Investors Forum 2006

Date Monday, 21 August 2006


Presented by YBhg Dato’ Sri Zarinah AnwarChairman, Malaysian Venture Capital Development Council



c CommonTerminologiesUsedintheVenture CapitalIndustry

Acquisition: The process of gaining control, possession or ownership of a private portfolio company by an operating company or conglomerate. Add-on Service: Add-on Services are the services provided by a venture capitalist that are not monetary in nature, such as helping to assemble a management team and helping to prepare the company for an IPO.

Adventure Capitalist: Adventure capitalist is an entrepreneur who helps other entrepreneurs financially and often plays an active role in the company’s operations such as by occupying a seat on the board of directors, etc. Alternative Assets: This term describes non-traditional asset classes. They include private equity, venture capital, hedge funds and real estate. Alternative assets are generally more risky than traditional assets, but they should, in theory, generate higher returns for investors. Anti-dilution provisions: Anti-dilution Provisions are contractual measures that allow investors to keep a constant share of a firmís equity in light of subsequent equity issues. These may give investors preemptive rights to purchase new stock at the offering price. Examples include Broad-Based Weighted Average Ratchet, Narrow-Based Weighted Average Ratchet, and Full Ratchet Anti-dilution. Asset Allocation: The percentage breakdown of investment portfolio. This shows how the investment is divided among different asset classes. These classes include shares, bonds, property, cash and overseas investments. Institutions structure their allocation to balance risk and ensure they have diversified portfolio. The asset classes produce range of returns – for example, bonds provide a low but steady return, equities a higher but riskier return. Cash has guaranteed return. Effective asset allocation maximizes returns while covering liabilities.

Benchmarking: Comparing returns of a portfolio to the returns of its peers; in private equity, fund performance is benchmarked against a sample of funds formed in the same vintage year with the same investment focus. Blind Pool: Blind pool is a form of limited partnership which doesn’t specify what investment opportunities the general partner plans to pursue. Burn Rate: The rate at which a company expends net cash over a certain period, usually a month. Business Plan: A document that describes the entrepreneur’s idea, the market problem, proposed solution, business and revenue models, marketing strategy, technology, company profile, competitive landscape, as well as financial data for coming years. The business plan opens with a brief executive summary, most probably the most important element of the document due to the time constraints of venture capital funds and angels.


Buyout: Buyout is defined as the purchase of a company or a controlling interest of a corporation’s shares or product line or some business. A leveraged buyout is accomplished with borrowed money or by issuing more stock.

Capital (or Assets) Under Management: The amount of capital available to a fund management team for venture investments. Capital Distribution: These are the returns that an investor in a private equity fund receives. It is the income and capital realized from investments less expenses and liabilities. Once a limited partner has had their cost of investment returned, further distributions are actual profit. The partnership agreement determines the timing of distributions to the limited partner. It will also determine how profits are divided among the limited partners and general partners. Capital Gains: The difference between an asset’s purchase price and selling price, when the selling price is greater. Long-term capital gains (on assets held for a year or longer) are taxed at a lower rate than ordinary income. Carried Interest: The portion of any gains realized by the fund to which the fund managers are entitled, generally without having to contribute capital to the fund. Carried interest payments are customary in the venture capital industry, in order to create a significant economic incentive for venture capital fund managers to achieve capital gains. Committed Capital: The total dollar amount of capital pledged to a private equity fund. Committed Funds or Raised Funds: Capital committed by investors. Cash to the maximum of these commitments may be requested or drawn down by the private equity managers usually on a deal-by-deal basis. This amount is different from invested funds for three reasons. First, most partnerships will initially invest only between 80 percent and 95 percent of committed funds (possibly even less). Second, it may be necessary in early years to deduct the annual management fee that is used to cover the cost of operation of a fund. Third, payback to investors usually begins before the final draw down of commitments has taken place. To the extent that capital invested does not equal capital committed, limited partners will have their private equity returns diluted by the much lower cash returns earned on the uninvested portion. Avoiding this situation is the main reason for the Partners Group over-commitment model, which aims to keep Partners Group products as close 100% invested as possible. Corporate Venturing: Venture capital provided by in-house investment funds of large corporations to further their own strategic interests. Deal Flow: The measure of the number of potential investments that a fund reviews in any given period. Deal Structure: An Agreement made between the investor and the company defining the rights and obligations of the parties involved. The process by which one arrives at the final term and condition of the investment.

Debt Financing: Debt Financing means when a firm raises money for working capital or capital


expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay principal and interest on the debt. Direct Financing: Direct financing is a financing without the use of underwriting. Direct financing is often done by investment bankers. Dividend Cover: the amount by which company’s dividends are exceeded by post-tax earnings. Double Dip: Participating preferred stock which entitles a holder to a liquidation preference and also to participate in the residual value.

Drive by Deal: is a slang often use when referring to a deal in which a venture capitalist invests in a startup with a goal of a quick exit strategy. The VC takes little to no role in the management and monitoring of the startup.

Due Diligence: A process undertaken by potential investors – individuals or institutions – to analyze and assess the desirability, value, and potential of an investment opportunity.

Early Stage: A state of a company that typically has completed its seed stage and has a founding or core senior management team, has proven its concept or completed its beta test, has minimal revenues, and no positive earnings or cash flows. Exits (AKA divestments or realizations): The means by which a private equity firm realizes a return on its investment. Private equity investors generally receive their principal returns via a capital gain on the sale or flotation of investments. Exit methods include a trade sale (most common), flotation on a stock exchange (common), a share repurchase by the company or its management or a refinancing of the business (least common). A Secondary purchase of the LP interest by another private equity firm are becoming an increasingly common phenomenon.

Exit Route: Exit Route is the method by which an investor would realize an investment.

Full Ratchet: Full ratchet is an investor protection provision which specifies that options and convertible securities may be exercised relative to the lowest price at which securities were issued since the issuance of the option or convertible security. The full ratchet guarantee prevents dilution, since the proportionate ownership would stay the same as when the investment was initially made. Fund age: The age of a fund (in years) from its first takedown to the time an IRR is calculated. Fund Focus : The indicated area of specialization of a venture capital fund usually expressed as Balanced, Seed and Early Stage, Later Stage, Mezzanine or Leveraged Buyout (LBO). Fund of funds: A fund set up to distribute investments among a selection of private equity fund managers, who in turn invest the capital directly. Fund of funds are specialist private equity investors and have existing relationships with firms. They may be able to provide investors with a route to


investing in particular funds that would otherwise be closed to them. Investing in fund of funds can also help spread the risk of investing in private equity because they invest the capital in a variety of funds. Fund Size: The total amount of capital committed by the investors of a venture capital fund.

General Partner (GP): The partner in a limited partnership responsible for all management decisions of the partnership. The GP has a fiduciary responsibility to act for the benefit of the limited partners (LPs), and is fully liable for its actions. Gearing: the level of a companyís borrowings as a percentage of shareholder funds.

Greenfield Venture: a company which has no track record and is starting up from research.

Hands On / Hands Off: refers to some private equityists that take a very close interest in their investee companies and provide management expertise. Some admit to being passive investors. Hurdle Rate: The internal rate of return that a fund must achieve before its general partners or managers may receive an increased interest in the proceeds of the fund. Often, if the expected rate of return on an investment is below the hurdle rate, the project is not undertaken.

Incubator : An entity designed to nurture business concepts or new technologies to the point that they become attractive to venture capitalists. An incubator typically provides both physical space and some or all of the services-legal, managerial, and/or technical-needed for a business concept to be developed. Incubators often are backed by venture firms, which use them to generate early-stage investment opportunities. Initial Public Offering (IPO): The sale or distribution of a stock of a portfolio company to the public for the first time. IPOs are often an opportunity for the existing investors (often venture capitalists) to receive significant returns on their original investment. During periods of market downturns or corrections the opposite is true. Independent Funds: do not form part of larger financial groups. They raise their money from institutional and other investors. J-Curve Effect: The curve realized by plotting the returns generated by a private equity fund against time (from inception to termination). The common practice of paying the management fee and start-up costs out of the first draw-down does not produce an equivalent book value. As a result, a private equity fund will initially show a negative return. When the first realizations are made, the fund returns start to rise quite steeply. After about three to five years, the interim IRR will give a reasonable indication of the definitive IRR. This period is generally shorter for buyout funds than for early-stage and expansion funds.

Later Stage: A fund investment strategy involving financing for the expansion of a company that is producing, shipping and increasing its sales volume. Later stage funds often provide the financing to help a company achieve critical mass in order to position its shareholders for an Exit Event, e.g. an IPO on strategic sale of the company.


Leveraged Buyout (LBO): A takeover of a company, using a combination of equity and borrowed funds. Generally, the target company’s assets act as the collateral for the loans taken out by the acquiring group. The acquiring group then repays the loan from the cash flow of the acquired company. For example, a group of investors may borrow funds, using the assets of the company as collateral, in order to take over a company. Or the management of the company may use this vehicle as a means to regain control of the company by converting a company from public to private. In most LBOs, public shareholders receive a premium to the market price of the shares. Limited Partner (LP): An investor in a limited partnership who has no voice in the management of the partnership. LP’s have limited liability and usually have priority over GP’s upon liquidation of the partnership. Liquidation Preference: is the right to receive a specific value for the stock if the business is liquidated. This is usually designated as a multiple of the Issue Price, for example 2X or 3X and there may be multiple layers of Liquidation Preferences as different groups of investors buy shares in different series. Liquidity Event: An event that allows a VC to realize a gain or loss on an investment. The ending of a private equity providerís involvement in a business venture with a view to realizing an internal return on investment. Most common exit routes include Initial Public Offerings [IPOs], buy backs, trade sales and secondary buy outs. Living Dead: a company that making such insignificant profits, it almost impossible to sell, and even then would yield low returns. Management buy-in (MBI): Management Buy-in or MBI is the purchase of a business by an outside team of managers who have found financial backers and plan to manage the business actively themselves.

Management buy-out (MBO): A private equity firm will often provide financing to enable current operating management to acquire or to buy at least 50 per cent of the business they manage. In return, the private equity firm usually receives a stake in the business. This is one of the least risky types of private equity investment because the company is already established and the managers running it know the business - and the market it operates in - extremely well. Management Fee: Compensation for the management of a venture fund’s activities, paid from the fund to the general partner or investment advisor. This compensation generally includes an annual management fee. Master Limited Partnership: Master limited partnership or MLP is a limited partnership that is publicly traded. MLP combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. Market Capitalization: The total dollar value of all outstanding shares. Computed as shares multiplied by current price per share. Prior to an IPO, market capitalization is arrived at by estimating a company’s future growth and by comparing a company with similar public or private corporations.


Mezzanine Debt: Mezzanine debts are debts that incorporates equity-based options, such as warrants, with a lower-priority debt. Mezzanine debt is actually closer to equity than debt, in that the debt is usually only of importance in the event of bankruptcy. Mezzanine debt is often used to finance acquisitions and buyouts, where it can be used to prioritize new owners ahead of existing owners in the event that a bankruptcy occurs. Mezzanine Financing: Refers to the stage of venture financing for a company immediately prior to its IPO. Investors entering in this round have lower risk of loss than those investors who have invested in an earlier round. Mezzanine level financing can take the structure of preferred stock, convertible bonds or subordinated debt.

Mezzanine Level: Mezzanine level is a term used to describe a company which is somewhere between startup and IPO. Venture capital committed at mezzanine level usually has less risk but less potential appreciation than at the startup level, and more risk but more potential appreciation than in an IPO.

Oversubscription: Occurs when demand for shares exceeds the supply or number of shares offered for sale. As a result, the underwriters or investment bankers must allocate the shares among investors. In private placements, this occurs when a deal is in great demand because of the company’s growth prospects. Paid-in Capital: The amount of committed capital a limited partner has actually tranferred to a venture fund. Also known as the cumulative takedown amount. Partnership: A nontaxable entity in which each partner shares in the profits, loses and liabilities of the partnership. Each partner is responsible for the taxes on its share of profits and loses. Partnership agreement: The contract that specifies the compensation and conditions governing the relationship between investors (LP’s) and the venture capitalists (GP’s) for the duration of a private equity fund’s life. Pitch: Pitch is the set of activities intended to persuade someone to invest or take a specific course of action. Portfolio Companies: Companies in which a given fund has invested. Private Equity: Equity securities of companies that have not “gone public” (are not listed on a public exchange). Private equities are generally illiquid and thought of as a long-term investment. As they are not listed on an exchange, any investor wishing to sell securities in private companies must find a buyer in the absence of a marketplace. In addition, there are many transfer restrictions on private securities. Investors in private securities generally receive their return through one of three ways: an initial public offering, a sale or merger, or a recapitalization. Private investment in public equities (PIPES): Investments by a hedge fund or private equity fund in unregistered (restricted) securities of a publicly traded company, usually at a discount to the then-


prevailing price of the company’s registered common stock.

Ratchet : Ratchets reduce the price at which venture capitalists can convert their debt into preferred stock, which effectively increases their percentage of equity. Often referred to as an “antidilution adjustment”. Recapitalization: The reorganization of a company’s capital structure. A company may seek to save on taxes by replacing preferred stock with bonds in order to gain interest deductibility. Recapitalization can be an alternative exit strategy for venture capitalists and leveraged buyout sponsors. Refinancing: can be a sign of either failure or success. A company performing poorly may need an extra injection of funds. Equally, if it does perform well, the management may decide to refinance the business on terms more favourable to themselves with their original private equity backers or a new team of financiers. Replacement Capital : where an entrepreneur sells further shares to a private equityist.

Secondary funds : Partnerships that specialize in purchasing the portfolios of investee company investments of an existing venture firm. This type of partnership provides some liquidity for the original investors. These secondary partnerships, expecting a large return, invest in what they consider to be undervalued companies. The big difference is that they are buying their interests in a fund after the fund has been at least partially deployed in underlying portfolio companies. Unlike fund of fund managers, which generally invest in blind pools, secondary buyers can evaluate the underlying companies that they are indirectly investing in. Secondary Market: The market for the sale of partnership interests in private equity funds. Sometimes limited partners chose to sell their interest in a partnership, typically to raise cash or because they cannot meet their obligation to invest more capital according to the takedown schedule. Certain investment companies specialize in buying these partnership interests at a discount.

Secondary Public Offering: Secondary Public Offering refers to a public offering subsequent to an initial public offering. A secondary public offering can be either an issuer offering or an offering by a group that has purchased the issuer’s securities in the public markets. Secondary Sale: The sale of private or restricted holdings in a portfolio company to other investors. See secondary market definition.

Seed Stage Financing: An initial state of a company’s growth characterized by a founding management team, business plan development, prototype development, and beta testing. Spin out: A division or subsidiary of a company that becomes an independent business. Typically, private equity investors will provide the necessary capital to allow the division to “spin out” on its own; the parent company may retain a minority stake. Sweat Equity: Ownership of shares in a company resulting from work rather than investment of capital


– usually founders receive “sweat equity”. Syndicate: Underwriters or broker/dealers who sell a security as a group. Syndication : A number of investors offering funds together as a group on a particular deal. A lead investor often coordinates such deals and represents the group’s members. Within the last few years, syndication among angel investors (an angel alliance) has become more common, enabling them to fund larger deals closer to those typifying a small venture capital fund.

Tag-Along Rights / Rights of Co-Sale: A minority shareholder protection affording the right to include their shares in any sale of control and at the offered price. Takedown Schedule: A takedown schedule means the timing and size of the capital contributions from the limited partners of a venture fund. Term Sheet: Term sheet for equity offering (Term and condition of an investment, detailing the nature and method of equity holding, shareholders’ rights and other terms relating to the investment.)

Trade sale: The sale of the equity share of a portfolio company to another company. Treasury Stock: Stock issued by a company but later reacquired. It may be held in the company’s treasury indefinitely, reissued to the public, or retired. Treasury stock receives no dividends and does not carry voting power while held by the company.

Turnaround: Turnaround is the term used when the poor performance of a company or the business experiences a positive reversal.

Underwriter: Underwriter is an investment banking firm committing successful distribution of a public issue, failing which the firm would take the securities being offered into its own books. An underwriter may also be a company that backs the issue of a contract, agreeing to accept responsibility for fulfilling the contract in return for a premium.

Venture Capital Funds: Venture capital funds pool and manage money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Venture Capitalist: A financial institution specializing in the provision of equity and other forms of long-term capital to enterprises, usually to firms with a limited track record but with the expectation of substantial growth. The venture capitalist may provide both funding and varying degrees of managerial and technical expertise.

Venture Capital Limited Partnership: Venture Capital Limited Partnership is a limited partnership which is formed to invest in small startup businesses with exceptional growth potential. Vulture Capitalist: Vulture Capitalist is a slang word for a venture capitalist who deprives an inventor of control over their own innovations and most of the money they should have made from the invention.


c UsefulLinks

Malaysian Regulators/Government Agencies:

Bank Negara Malaysia www.bnm.gov.my

Bursa Malaysia Berhad www.bursamalaysia.com.my

Malaysian Technology Development Corporation www.mtdc.com.my

Malaysian Venture Capital Development Council www.mvcdc.com.my

Malaysian Venture Capital and Private Equity Association

www.mvca.com.my

Malaysia Venture Capital Management Berhad www.mavcap.com

Ministry of Finance www.treasury.gov.my

Ministry of Science, Technology and Innovation www.mosti.gov.my

MSC Malaysia www.mscmalaysia.my

Securities Commission www.sc.com.my

Small and Medium Industries Development Corporation

www.smidec.gov.my

Technopreneurs Association Malaysia www.team.net.my

Technopreneur Development Division www.technopreneurdevelopment.net.my/cms

Overseas VC Associations:

China www.cvca.com.hk

European www.evca.com

Hong Kong www.hkvca.com.hk

Korea www.kvca.or.kr

North America www.nvca.com

Singapore www.svca.org.sg

Taiwan www.tvca.org.tw

Disclaimer

This information pack is not intended to provide an exhaustive coverage of the Malaysian venture capital and private equity industry. While all care has been taken in the preparation of this report, the Malaysian Venture Capital Development Council and Malaysian Venture Capital and Private Equity Association does not accept responsibility for any losses suffered by persons relying on the information contained in this information pack, or any error or omission in the pack.

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