Acquisitions in Malaysia

Vantage Data Centers closed the acquisition of Yondr Group’s 300MW+ hyperscale data center campus located in Sedenak Tech Park, Johor, Malaysia (JHB1). The acquisition was supported by a $1.6 billion equity investment into Vantage’s Asia-Pacific platform led by an affiliate of GIC and a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), expanding Vantage’s APAC capacity footprint.

Accenture has acquired Aristal, a Kuala Lumpur, Malaysia-based consulting and digital transformation firm specializing in financial services and core banking transformation. The deal—Accenture’s first banking-focused acquisition in Malaysia—adds Aristal’s 30-member senior team to Accenture’s Financial Services practice in Malaysia to bolster end-to-end core systems modernization and merger-related transformation work across Southeast Asia. Financial terms were not disclosed.

TotalEnergies finalized the acquisition of OMV’s 50% interest and Sapura Upstream Assets’ 50% interest in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaysia. SapuraOMV’s key assets include operated interests in offshore Sarawak blocks SK408 (40%) and SK310 (30%), supplying gas to the Bintulu LNG plant operated by Petronas.

The Rise Fund, TPG’s global impact investing platform, signed a definitive agreement to acquire a controlling stake in Asia Pacific University of Technology and Innovation (APU) in Malaysia, alongside co-investors KWAP and EPF. The investment is structured as a share purchase from KV Asia, which previously invested in APU and is exiting or reducing its position as part of the transaction.

Hextar Industries Bhd (HIB) signed a conditional share sale agreement with Hextar Holdings Sdn Bhd (HHSB) to acquire 100% of Hextar Fertilizers Ltd (HFL) for RM480 million, to expand its fertilizer production capacity and distribution footprint in Malaysia. The consideration will be paid via issuance of 1.6 billion new HIB shares, increasing HHSB’s stake in HIB and triggering a mandatory general offer for remaining HIB shares upon the agreement becoming unconditional.

Meridian Adhesives Group (Meridian) acquired Pacific Adhesive Systems (PAS), a Malaysia-based provider of high-performance adhesive and coating solutions serving the electronics, semiconductor, and medical markets. PAS will join Meridian’s Electronics Division, expanding Meridian’s footprint in Asia and supporting further product line expansion and future acquisitions.

Hong Leong Group and TPG entered into a definitive share purchase agreement to acquire Columbia Asia Hospitals’ Southeast Asia business, comprising 17 hospitals and one clinic across Malaysia, Indonesia, and Vietnam, in a transaction estimated at USD 1.2 billion. The India operations are excluded and will remain under the existing ownership of International Columbia US, LLC (managed by Columbia Pacific Management), which will also retain a minority interest in the Southeast Asia business.

Compart Systems, a portfolio company of Platinum Equity, signed a definitive agreement to acquire Alpha Precision Turning & Engineering, a precision machining company with three plants in Kulim, Malaysia. The deal is an add-on intended to expand Compart’s manufacturing footprint in Asia and diversify end-market exposure; financial terms were not disclosed.

Natural Health Farm Holdings, Inc (NHF Holdings) executed a term sheet to acquire 100% of the issued and outstanding shares of Natural Health Naturopathic Academy Sdn Bhd (NHNA), a Malaysian healthcare education provider. The agreed purchase price is USD 350,000, with closing expected after due diligence within 60 days of the term sheet date.