top of page

Broadgate Advises Asia Digital Engineering On USD100 Million Investment From OCP Asia


Broadgate Advisers (“Broadgate”) has successfully advised Asia Digital Engineering Sdn Bhd, a leading aviation maintenance, repair & overhaul (MRO) player in Southeast Asia and a wholly-owned subsidiary of Capital A Berhad, on a USD100 million investment from OCP Asia Ltd.


The investment signing ceremony between ADE and OCP Asia was attended by YB Senator Datuk Seri Utama Tengku Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry Malaysia and Tony Fernandes, CEO of Capital A.


“We are incredibly excited to have secured this significant backing from OCP Asia, which has an extensive investment experience across multiple industries throughout Asia Pacific," said Mahesh Kumar, CEO of ADE.


According to Kumar, the investment from OCP Asia will enable them to construct a new, state-of-the-art 14-line aircraft maintenance hangar facility in Sepang in addition to existing facilities at core AirAsia operating hubs, making ADE one of the largest aircraft MRO service providers in the region.


"We are grateful for the support shown by OCP Asia and look forward to a successful partnership. We would also like to thank Broadgate Advisers who acted as our financial adviser throughout this capital raising exercise," he continued.


Rami Jisr, Managing Partner at Broadgate, added that this alliance confirms their capabilities and reach in Asia, as this marks their second major transaction in the region in the first half of 2023. Broadgate will continue to focus on this market and further develop cross-border M&A activity across our markets of focus in Europe, the Middle East and Asia”.

Comments


Commenting has been turned off.
bottom of page