Khazanah: Acquisition of INCJ’s ~21% stake in EDOTCO
Acquisition
Client
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Khazanah Nasional Berhad (“Khazanah”)
Target
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EDOTCO Group Sdn Bhd (“EDOTCO”)
Transaction summary
Deal value
Undisclosed
Transaction highlights
EDOTCO is the 6th largest TowerCo in the world
Innovation Network Corporation of Japan Ltd (“INCJ”) acquired a 21% stake in EDOTCO in 2017
The transaction reflects the shared commitment of Malaysia and Japan to fostering strategic partnerships, and higlights Khazanah’s commitment to investing in core infrastructure assets critical to Malaysia’s economic growth
Completion
Mar-25
Client description
Khazanah is Malaysia’s sovereign wealth fund with >MYR140bn of net realizable value (Dec-24)
Khazanah invests broadly across the Malaysian economy with a focus on strong, long-term risk-adjusted returns
Its investments are designed to catalyse growth in emerging Malaysian sectors and deliver enduring, positive impact that enhances the nation’s long-term competitiveness and overall prosperity
Redpeak role
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Sole financial advisor to Khazanah on the transaction
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Facilitated the strategic review of Khazanah’s stake in EDOTCO and developed potential value creation strategies for the business
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Analysed strategic implications of acquiring the INCJ stake, and potential returns based on various exit scenarios
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Assisted Khazanah with preparation of analysis and materials necessary for internal discussions and approvals