Acquisition of controlling stake in AHAM Asset Management Berhad by Amova Asset Management Co., Ltd.
Advised Amova Asset Management Co., Ltd. (“Amova”), a member of Sumitomo Mitsui Trust Group, on its acquisition of a 77.67% equity interest in AHAM Asset Management Berhad (“AHAM”) from CVC Capital Partners, Lembaga Tabung Angkatan Tentera, and AHAM’s key management personnel. The transaction increased Amova’s shareholding in AHAM to a controlling stake, representing a strategic investment by a leading Japanese global asset manager in Malaysia’s second largest asset manager. AHAM manages approximately RM103.4 billion in assets as at 31 March 2026.
Advising Amova were Partners Moy Pui Yee and Eilene Teh.
