COPE Private Equity (COPE PE), a Kuala Lumpur-based private equity firm, has acquired a stake in CC International Bhd, a professional services company. The deal is reportedly worth RM30 million ($6.55 million), and it gives COPE PE a 20% stake in CC International.
CC International is a leading provider of business services in Malaysia and Australia. The company offers a wide range of services, including accounting, tax, corporate secretarial, property management, and consultancy.
COPE PE is a leading private equity firm in Malaysia with over RM1 billion ($218 million) in assets under management. The firm has a long history of investing in the Malaysian market, and it is known for its ability to grow and improve businesses.
The deal between COPE PE and CC International is a sign of confidence in the Malaysian business services sector. CC International is a well-established company with a strong track record, and it is well-positioned to continue growing in the years to come.
Here are some of the key details of the deal:
- COPE PE will acquire a 20% stake in CC International for RM30 million ($6.55 million).
- COPE PE will become a minority shareholder in CC International.
- The existing shareholders of CC International will retain the majority stake in the company.
- The deal is expected to close in the third quarter of 2023.
The deal is expected to benefit both companies.
- For COPE PE, the deal will give it a stake in a leading business services company with a strong growth potential.
- For CC International, the deal will provide it with access to COPE PE’s capital and expertise.
The deal is a sign of confidence in the Malaysian business services sector.
CC International is a well-established company with a strong track record, and it is well-positioned to continue growing in the years to come. The deal between COPE PE and CC International is a sign that investors are bullish on the future of the Malaysian business services sector.
