About

A generation built these companies. Almost nobody is helping them hand them over.

We started this firm because the market forgot the middle.

Why We Exist

Malaysia has thousands of good businesses that nobody writes about. Family-run manufacturers. Second-generation distributors. Founder-led service companies. They employ people, pay taxes, and have quietly compounded for twenty or thirty years.

Almost none of them have ever had proper corporate advisory support. The banks will not take them because the fees are too small. The advisory firms will sell them an audit and a valuation report, but will not run a process. That leaves brokers and part-time intermediaries, who will introduce a buyer and disappear.

So the owner ends up doing the most important financial transaction of their life alone, across the table from someone who does this professionally.

We think that is unfair, and we think it is fixable.

A business that took thirty years to build can quietly wind down in five.

There is also a clock running. The founders who built Malaysian industry in the 1980s and 1990s are reaching retirement. Their children have often built lives elsewhere, or in another industry. A business that took thirty years to build can quietly wind down in five — not because it failed, but because nobody planned the handover.

Selling is not the only answer. Sometimes the answer is a minority investor, a management buyout, growth capital, or simply getting the business ready and waiting three more years. But an owner cannot choose between options they do not know exist.

Our job is to put those options on the table, and then help the owner act on the one they choose.

How We Work
01

We tell you the number you do not want to hear.

Some advisers will agree with whatever valuation an owner has in mind, sign the mandate, and let the market deliver the bad news six months later. We would rather have the difficult conversation on day one. If your business is not worth what you think it is, we will tell you why, and what it would take to close the gap.

02

We only take on what we can personally run.

There is no team of juniors behind a senior name here. The person you meet is the person who builds your model, writes your memorandum, and sits in your negotiation. That limits how many mandates we accept in a year. We think that is the point.

03

Your business is yours until the day it is not.

Nothing about your company reaches the market without your written approval. No names, no financials, no hints to a contact who might be interested. We have walked away from introductions rather than reveal a client's identity early.

04

We would rather lose the mandate than lose your trust.

Our fee is mostly success-based, which means we get paid when a deal closes. That creates an obvious pressure to push every deal over the line. We manage that by telling clients when a deal is not worth doing, even when it costs us. A bad transaction is worse for you than no transaction, and we intend to be around long enough for that to matter.

05

We stay after the deal.

Signing is not the end. There are conditions to clear, obligations that survive the closing, and a business that needs to keep running through all of it. We stay until the last item is done.

Our Team
chee keen

Loh Chee Keen

Founder & CEO

Bringing 8 years of institutional private equity and sell-side advisory experience, with expertise in deal origination, transaction execution, due diligence, and portfolio value creation.

Previously with Creador (US$3B AUM), involved in 8 transactions totalling over US$250M across Southeast Asia across sectors including consumer retail, healthcare, manufacturing, and business services.

Currently leading CKS Advisory and involved in Ascent Capital Management Sdn Bhd (licensed PEMC), guided by a business philosophy focused on long-term value creation, disciplined execution, and collaborative partnerships.

cheekeen@cksadvisory.com
ian

Lim Kian Thong (Ian)

Senior Associate

M&A and corporate finance professional with experience in deal origination, transaction  execution, financial modelling, and valuation. Involved in cross-border M&A transactions and U.S. IPO engagements, with sector exposure across logistics, ICT, semiconductor, EMS, and consumer businesses. Experienced in leading due diligence coordination and supporting negotiations with legal, financial, and regulatory stakeholders.

ianlim@cksadvisory.com​
tiffany

Heng Zi Yin (Tiffany)

Analyst

Finance professional with experience in financial analysis, valuation, and investment research across public and private markets. Previously an Equity Analyst at Capital Dynamics, where she conducted company research, built financial models, and prepared investment reports to support portfolio decisions and portfolio performance reviews. Holds a Bachelor of Economics in Finance from Xiamen University Malaysia.

ziyin@cksadvisory.com
Who We Work Best With

We focus on sectors where we have real operating and transaction depth: manufacturing and industrials; consumer, FMCG and food & beverage; technology and software; healthcare; and business services.

01

Owners

Owners of established businesses, typically with profits above RM5 million, who are thinking seriously about a sale, a partner, or a succession plan.

02

Founders

Founders raising growth capital who need to be presented properly to institutional investors.

03

Acquirers

Corporates and funds looking to acquire in Malaysia and needing someone on the ground to find and assess targets.

04

Management teams

Management teams who want an independent read on what their business is worth and what would make it worth more.

Get in touch if you are...

An owner

Thinking about selling, raising capital, bringing in a partner, or simply wanting to know what your business is worth. Early is better than late — most owners we work with spoke to us long before they were ready to act.

A buyer or investor

Looking for opportunities in Malaysia, or wanting to be included when a mandate matches what you are looking for.

A fellow professional

We work regularly with lawyers, auditors, tax advisers, valuers and other corporate advisory firms. If you have a client who needs something we do, or you have something we do not, we would like to know you. We co-broke, we refer, and we pay referral fees properly.

Someone who wants to work here

We are small and we hire rarely, but we hire well. If you want to learn this business properly rather than sit in a corner of a large firm, write to us with something you have built or analysed. We read everything.

Considering a transaction?

Talk to us about your business goals and transaction plans.

From early-stage strategy to transaction execution, we work closely with business owners to navigate complex decisions with clarity and confidence.

BUY-SIDE SEARCHES • BS-018

Logistics

Seeking Malaysian logistics providers specialising in cold chain and chemical handling. Aim is to add temperature-controlled and hazardous goods capability to the network.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-017

Carpark

Seeking Malaysian carpark assets located within commercial or retail (mall) developments. Open to both operating businesses and the underlying carpark real estate.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-016

Professional service firms

Seeking Malaysian professional service firms across fund administration, corporate secretarial, accounting/audit and IT services (SI). Open to phased buyouts with partners staying on.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-015

Education services

Seeking Malaysian education services providers across tuition and enrichment centres, kindergartens, private schools and K12. Curriculum and campus management capability on offer.

STRUCTURE

100% Buyout

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-014

Cleanroom consumables

Seeking Malaysian cleanroom consumables manufacturers and distributors, including ESD products and aprons. Aim is to broaden the consumables range for semiconductor and medical device customers.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-013

M&E Engineering

Seeking Malaysian M&E engineering contractors, ideally with data centre project exposure. Balance sheet capacity available to bid for larger contracts.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-012

Non-food FMCG

Seeking Malaysian non-food FMCG brand owners in consumer electronics, personal care and cosmetics, with a focus on own-brand businesses.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-011

Smart factory solutions

Seeking Malaysian smart factory solution providers across precision machining, tooling, robotics components, MES software and AI vision. Regional distribution reach on offer, and open to founders remaining post-acquisition.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-010

Home services

Seeking Malaysian home services businesses, including home renovation services and building materials suppliers. Open to founders retaining a stake post-transaction.

STRUCTURE

Flexible

ACQUIRER TYPE

Private Equity

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-009

Animal nutrition

Seeking Malaysian animal nutrition assets, covering upstream feed ingredients, pet OEM/OBM, veterinary clinics, aquaculture and farm management. Aim is to build an integrated animal health and nutrition platform.

STRUCTURE

Flexible

ACQUIRER TYPE

Private Equity

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-008

Human resources (HR) related

Seeking Malaysian HR-related businesses across outsourcing, payroll, EOR and HRMS platforms. Open to partnering with founders to scale regionally.

STRUCTURE

Flexible

ACQUIRER TYPE

Growth Fund

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-007

Vertical market software

Seeking Malaysian vertical market software vendors with recurring revenues and a SaaS model. Focused on niche category leaders, with funding available for product and regional expansion.

STRUCTURE

100% Buyout

ACQUIRER TYPE

Private Equity

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-006

Facility management services

Seeking Malaysian facility management services businesses spanning commercial HVAC, elevators, fire safety, lighting and water filtration. Focus on consolidating recurring-revenue maintenance platforms.

STRUCTURE

Flexible

ACQUIRER TYPE

Growth Fund

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-005

Food-related manufacturer

Seeking Malaysian specialised ingredient producers

STRUCTURE

Majority (60%) - 100% buyout

ACQUIRER TYPE

Private Equity

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-004

Health supplement

Seeking Malaysian health supplement OBMs, OEMs and distributors. Manufacturing scale and wider channel access on offer to the acquired brand.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-003

Healthcare services

Seeking Malaysian healthcare services providers across labs, blood testing, dialysis, senior care, GP clinics, TPA, medical billing and aesthetics. Open to founders staying on post-acquisition.

STRUCTURE

Flexible

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-002

Grocery retailing

Seeking large-format hyper/supermarket operators in Malaysia, with a preference for outlets above 10,000 sq ft. Priority is on geographical footprint, so loss-making stores remain of interest.

STRUCTURE

100% Buyout

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

BUY-SIDE SEARCHES • BS-001

FMCG

Seeking Malaysian food-related FMCG manufacturers with own brand owners – snacks, confectionery, beverages and etc. Support available for bolt-on acquisitions post-close.

STRUCTURE

Majority (60%) - 100% buyout

ACQUIRER TYPE

Strategic Investor

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-011

Sticker

Project Sticker is a Malaysia-based manufacturer of labels and stickers serving industrial and consumer-goods customers, with in-house printing and finishing capability across its product range.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

Manufacturing

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-010

Crave

Project Crave is a Malaysia-based multi-brand F&B operator with a portfolio of distinct dining concepts spanning buffet, casual and semi-fine dining and cafés across Japanese, Chinese and Western cuisines. Outlets sit in mall and retail locations, supported by a centralised management platform.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

F&B

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-009

Ultra

Project Ultra is a Malaysia-based precision engineering and semiconductor equipment consumables business with over two decades of operating history. Based in northern Malaysia, it serves the semiconductor and wafer-fabrication supply chain as well as the renewable energy sector.

STRUCTURE

Minority equity

SECTOR/INDUSTRY

Industrial

PROJECT TYPE

Growth fundraising

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-008

Thermal

Project Thermal is a Malaysia-based manufacturer of thermal paper and medical-grade printer media. It converts jumbo rolls into finished products including paper rolls, baggage tags and boarding passes, ticketing media, labels, barcode ribbons, medical chart recording media and other medical disposables.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

Manufacturing

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-007

Broma

Project Broma is an established Malaysia-based premium chocolate manufacturer with a multi-decade operating history. It has repositioned from a low-volume bean-to-bar model towards high-volume functional health chocolate, with exports to China.

STRUCTURE

Minority equity

SECTOR/INDUSTRY

Manufacturing

PROJECT TYPE

Growth fundraising

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-006

Build

Project Build is a leading Malaysia-based manufacturer and distributor of material handling equipment (MHE) with a mature, institutionalised operating history. It manages a fleet of more than 4,000 units and is actively transitioning from traditional heavy manufacturing towards a higher-margin rental and distribution model.

STRUCTURE

Minority equity

SECTOR/INDUSTRY

Industrial

PROJECT TYPE

Growth fundraising

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-005

Indulge

Project Indulge is a Malaysia-based operator of a quick-service restaurant chain with over 20 years of operating history. It runs a scalable mix of franchised and corporate outlets, supported by a modern central kitchen handling standardised food preparation and supply.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

F&B

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-004

Mixture

Project Mixture is a Malaysia-based manufacturer and marketer of Asian sauces and cooking pastes sold under its own consumer brand. It operates a halal- and food-safety-certified plant in southern Malaysia, distributing through hypermarkets, supermarkets, the provision trade and foodservice across Malaysia and Singapore.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

Consumer

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-003

Haven

Project Haven is a Malaysia-based Asian food holdings group specialising in authentic Asian sauces and condiments. The business combines an own-brand portfolio with OEM/contract manufacturing and exports to more than 20 countries.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

Manufacturing

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-002

Solution

Project Solution is a Malaysia-based provider of security, Extra Low Voltage (ELV) and ICT systems integration services. It operates across Malaysia, Singapore and India, delivering design, installation and maintenance of smart building and digital infrastructure solutions for commercial and institutional clients.

STRUCTURE

Minority equity

SECTOR/INDUSTRY

Services

PROJECT TYPE

Growth fundraising

Further detail, including financials, is available to qualified counterparties under NDA.

SELL-SIDE MANDATE • SS-001

Supplement

Project Supplement is a Malaysia-based manufacturer of herbal, nutraceutical and health supplement products. It operates multiple GMP- and HACCP-certified plants covering a broad dosage-form range, including capsules, powders, liquids and gummies. The business combines an own-brand portfolio with a sizeable OEM/contract manufacturing business.

STRUCTURE

Buy-out

SECTOR/INDUSTRY

Manufacturing

PROJECT TYPE

M&A

Further detail, including financials, is available to qualified counterparties under NDA.

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