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The Malaysianist

Keeping up with the connected

From roll-up to fire sale.

May 31, 2026
∙ Paid

Kicking off the week and a new month with some PE/VC newsy pieces.

We’ll move quickly from Ikhlas Capital’s rumoured healthcare roll-up to a Care Concierge follow-on that died at the eleventh hour, to Jelawang renting fund-manager expertise from London and a HappyFresh bet that’s turning into a fire sale.

In all these the connective issue, as ever, is government-linked money doing the work.

Later in the evening, I’ll be publishing the usual monthly recap, so keep an eye out for that, too.


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A bunch of messy cables. Photo credit: Tim Parker/iStock

Nazir Razak’s Ikhlas Capital is purportedly attempting a roll-up, sources familiar with the matter tell me.

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