Old money, the close and a no
Three deals, three different appetites, all on a Sunday.
🚀 Update: Nazir’s Ikhlas story has been updated with the right K investors.
A few things in today’s edition:
➜ A conclusion to Monday’s “corporate mafia” story, including the exit from a listed company, with old money involved. Plus a short “mafia” postscript.
➜ Navis went for its maiden Dana Pemacu investee. It didn’t land.
➜ And Nazir Razak’s PE fund is nearing close. After a long stretch on the market, it has pulled in Malaysian institutionals, at least one Philippines investor, and a clutch of Indonesians.
First, former ministers Nik Nazmi Nik Ahmad and Rafizi Ramli today launched a new party, Bersama (Malay for together).
I’m not going to wade in too much here, since this is already a chunky Sunday newsletter.
Just one thing though, for the lulz I clicked the join tab and, behold, I saw the good ol’ race category.
I know, I know, racial profiling is systemic, structural (even our statistics department uses it), etc.
But for a party vying to be an alternative? I was expecting better, together (pun intended).
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When I hit publish on Monday, the newsletter ended with a question: who was on the other side of Andy Lim’s retreat from GIIB Holdings?
Lim here being one of the names attached to the alleged corporate mafia ring.
