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Actis backs Teknicast MBO in Malaysia

ACTIS, a UK private equity investor with special focus on emerging markets, said it concluded the
management buyout (MBO) of Teknicast Sdn Bhd last Friday.

Teknicast is one of the largest aluminium die-casting businesses in Malaysia with revenue of over RM140 million. In a statement Actis said Teknicast's management team, led by its managing director U Chang Eng, was advised by Actis to acquire the business from the company's Japanese owner.

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