Stonepeak Partners is in exclusive discussions to support a buyout of Malaysian energy infrastructure firm Yinson Holdings Bhd, in a deal that could value the Kuala Lumpur-listed company at up to MYR9bn ($2.1bn), according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the New York-based infrastructure and real assets investor is working alongside Yinson’s founding Lim family – its largest shareholder, with a 26.6% stake as of 30 May – to potentially take the business private. If completed, the transaction would rank among the largest private equity-led deals in Malaysia this year.
Discussions are ongoing and there is no guarantee that an agreement will be reached, the sources cautioned.
News of the talks sparked a sharp rally in Yinson shares, which surged as much as 14% in intraday trading – the biggest gain since June 2019 – reducing the firm’s year-to-date losses and lifting its market capitalisation to around MYR6.5bn.
Yinson, originally a transport and logistics business founded in the 1980s, has evolved into a diversified energy infrastructure group with interests in floating production storage and offloading (FPSO) vessels, renewables, and green technology. In January, the company secured a $1bn investment from a consortium of investors for its offshore oil and gas unit, further highlighting its strategic importance in the region’s energy sector.
Both Yinson and the Lim family declined to comment on the ongoing discussions. Stonepeak also did not immediately respond to requests for comment.
