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CVC Weighs Buying Stake in Malaysia’s KPJ Healthcare

  • Buyout firm in talks with banks on potential deal financing
  • Kuala Lumpur-listed KPJ has a market value of over $1 billion

CVC Capital Partners is considering buying a minority stake in Kuala Lumpur-listed KPJ Healthcare Bhd., according to people with knowledge of the matter.

The private equity firm is in talks with Malaysian state-owned investment company Johor Corp. and the country’s pension fund Employees Provident Fund about acquiring the stake, which would make it the single biggest shareholder of the hospital operator, said the people. CVC has reached out to banks to arrange financing for the potential deal, the people said, asking not to be identified as the process is private.