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EKUINAS INVESTS RM40 MILLION IN ACG.

BERNAMA The Malaysian National News Agency

from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Feb 25 (Bernama) -- Government linked private equity fund management company, Ekuiti Nasional Bhd (Ekuinas) today announced its first investment of RM40 million in Alliance Cosmetics Group (ACG).

ACG is a leading Malaysian beauty and personal care company which distributes products of global cosmetic brands such as Revlon and its own products comprising brands like Silkygirl, Silky White and Stage. Its revenue was more than RM115 million in 2009.

Ekuinas together with its partner, Navis Capital Partners, made their investment in ACG through a special purpose vehicle (SPV).

"Ekuinas and Navis …

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