Khazanah: Acquisition of INCJ’s ~21% stake in EDOTCO

Acquisition

Khazanah: Acquisition of INCJ’s ~21% stake in EDOTCO

Acquisition

Client

Khazanah Nasional Berhad
(“Khazanah”)

Target

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

Sole financial advisor to Khazanah on the transaction

Facilitated the strategic review of Khazanah’s stake in EDOTCO and developed potential value creation strategies for the business

Analysed strategic implications of acquiring the INCJ stake, and potential returns based on various exit scenarios

Assisted Khazanah with preparation of analysis and materials necessary for internal discussions and approvals