F&N acquired Ladang Permai Damai (primarily involved in oil palm cultivation and related processing activities), aiming to transform the Permai Damai Estates into an integrated dairy farm and crop plantation, to establish a vertically integrated business that reduces reliance on imported milk and supports the local agricultural industry.
Malaysia’s Weststar Group acquired KKR’s entire stake in Weststar Aviation Services Sdn. Bhd., making Weststar Group the sole owner of the aviation business. KKR had initially invested in the company in 2013, acquiring up to a 40% stake and over time the group bought out its full equity position—completing the exit in 2023.
UMW sought to acquire a majority stake in MBMR. The acquisition would allow UMW to control a combined 60.58% stake in Perodua, making it the majority owner of Malaysia’s top-selling national car brand. This would position UMW to strengthen its role in the automotive sector and consolidate its influence in the local passenger car market.
Luxottica Group, through its Singaporean subsidiary, strategically acquired shares in several local Malaysian subsidiaries operating within the manufacturing sector. This move consolidates Luxottica’s position in the Southeast Asian market, strengthening its manufacturing capabilities and further solidifying its leadership in the global eyewear and optical solutions industry.
Northern Gulf Petroleum entered into a strategic buy-out deal with Valeura Energy and Mubadala Energy, acquiring all remaining participating interests in the Gulf of Thailand G6/48 Petroleum Block including 100% Exclusive Operation Interest in Rossukon Exclusive Operations. By acquiring all remaining participating interests, Northern Gulf becomes the sole operator of the Block.
Fujifilm made a bid to acquire Malaysian subsidiary of a prominent American supplier of line matrix printers. This cross-border transaction required navigating intricate regulatory approvals and conducting detailed due diligence to align with both local and international legal frameworks. Eventually, the deal was aborted and reports have it that a strategic alliance was, instead, formed.
Chart Industries Inc., a global leader in industrial equipment, expanded its market reach through the acquisition of Howden Group, a distinguished player in the manufacturing sector. This transaction strategically enhances Chart’s portfolio of engineering solutions, solidifying its position in the global manufacturing landscape and fostering synergies in high-performance engineering and energy-efficient systems.
Amphenol Corporation acquired Connor Manufacturing Services, Inc. Specifically, the acquisition was completed on September 30, 2023. Connor Manufacturing, a global manufacturer of power interconnect products, including high voltage busbars for automotive and industrial markets, is now part of Amphenol's Interconnect and Sensor Systems Segment.
Steris Inc., a global leader in infection prevention and sterilization technologies, acquired 100% of the shares in a Malaysian company specializing in sterilization services. This acquisition bolsters Steris’ presence in the Southeast Asian market, enabling it to expand its critical healthcare solutions and enhance its ability to serve the growing demand for sterilization and infection control services in the region.
Foot Locker, a leading global athletic footwear and apparel retailer, officially entered the Malaysian market in late 2018, opening its first store at 1 Utama Shopping Centre. The move was part of its broader strategy to expand its presence in Southeast Asia. Since then, the brand has launched additional outlets in key retail hubs, bringing the total to five stores in Malaysia as of 2025.
Party City Holdco Inc., a U.S.-based party goods retailer and manufacturer, sold its Amscan International business (covering wholesale, retail, e‑commerce in the UK, Ireland, Germany, Australia, New Zealand, Asia, and related balloon manufacturing facilities such as in Malaysia) to Endless LLP (a UK‑based private equity firm). The deal also involved a management buyout led by then-senior executives who continued to run the international business.
Convatec Group Plc, an England based medical products and technologies Group, through its subsidiary (a company registered in Luxembourg) acquired100% shares in another subsidiary (a company registered in Malaysia) from a UK
based subsidiary of the Group, as part of the Group’s worldwide re-organization exercise, being carried out via distribution in specie and selective capital reduction mechanisms.
Sophos Limited, a British security software and hardware company, in its pursuit of corporatizing its presence in Malaysia transferred its employees employed by its Singapore subsidiary to its Malaysian subsidiary, which required amongst other ensuring compliance with the legal and regulatory requirements of Malaysian employment and labor law while ensuring continuity of employment without triggering severance.
French dairy giant Lactalis Group acquired chilled dairy and manufacturing businesses of Nestlé Malaysia. The acquisition encompassed Nestlé’s entire chilled dairy operations in Malaysia, including its manufacturing facility in Petaling Jaya, as well as associated packing and cold sauces production lines. The transition took effect in phases with Lactalis officially rebranding the product line under its globally recognized dairy label Lactel.
Kia Motors Corporation officially entered a strategic partnership with Bermaz Auto (BAuto) to establish a joint venture with the objective: to assemble and export completely knocked-down (CKD) Kia vehicles in Malaysia. BAuto’s subsidiary, Dinamikjaya is tasked with distribution, sales, and after‑sales support for both CKD and fully-built-up (CBU) Kia vehicles in Malaysia.
Hyundai Motor Company operates in Malaysia through a strategic partnership primarily with Inokom Corporation Sdn Bhd, an assembly plant located in Kulim, Kedah. Inokom is a joint venture company owned by Hyundai Sime Darby and Bermaz Auto. Through this joint venture, Hyundai vehicles are locally assembled (CKD), including models like the Staria, Santa Fe, and Ioniq 5.
In 2015, Adani Power acquired Lanco’s Udupi thermal plant (2×600 MW capacity) in Karnataka for Rs 60 billion (US 982 million), paying Rs 20 billion in cash and assuming Rs 40 billion of the plant’s debt. The Udupi Power Plant comprises two coal-fired units of 600 MW each and includes a captive jetty used for coal imports. It has long-term PPAs providing 90% of output to Karnataka and the remainder to Punjab.
Formerly backed by Goldman Sachs, ReNew is one of India's biggest renewable power venture. Originally known as ReNew Power, it rebranded to ReNew to reflect a broader focus on decarbonization, including solar, wind, energy storage, green hydrogen, and digital energy solutions. ReNew is listed on Nasdaq (RNW). Known for its strong ESG performance, ReNew ranked in the top 10% globally for sustainability in the energy sector.
Yepme positioned itself early as a private-label fashion brand targeting men’s and women’s apparel with a focus on tier‑2 and tier‑3 Indian towns. Yepme raised around US $9–20 million in early funding rounds from Helion Ventures and other investors, followed by US $75 million in 2015 from Malaysia’s sovereign fund Khazanah Nasional—total funding approaching US $89 million. At its peak, the brand had 5–6 million social media followers, recognition from Forbes India.
A Chinese manufacturing operating within the fibre yarn milling sector, undertook a financial internal restructuring exercise to transform all or part of its outstanding loans into shares (equity).
A major Chinese automaker proposed expansion of its presence in Malaysia with the MG brand, offering a range of models including the MG4 EV, MG ZS EV, MG5 Sedan, and MG HS SUV with a local seat manufacturing company but the dela was eventually aborted.
Turkish Aerospace Industries (TAI) has strategically expanded into Malaysia as part of its long-term plan to establish a Southeast Asian hub for aerospace design, engineering, and manufacturing. TAI’s presence contributes to Malaysia’s ambition under the National Aerospace Industry Blueprint 2030 to become a regional aerospace leader.
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