Malaysia: Ekuinas books M$31m from MediExpress and MPCare exit

Syed Yasir Arafat, managing partner, Ekuinas

Government-linked private equity firm Ekuinas has made M$31m (US$7.6m) from its exit from third party claims administrator service providers MediExpress and PMCare to Sumitomo Corporation. Ekuinas managing partner Syed Yasir Arafat said the exit of its entire 60% equity interest in the two firms generated a minimum internal rate of return of 38.8%. It invested…

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