KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has divested its entire 60% stake in Coolblog Apps Sdn Bhd, a homegrown desserts and beverage company to private equity firm Archipelago Capital Partners for RM75mil.
In a statement, Ekuinas said the divestment of Coolblog had generated an internal rate of return (IRR) of 6.4% and a money multiple of 1.4 times the capital invested.
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