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KUALA LUMPUR, July 6 (Reuters) - Singapore-based private equity firm Ikhlas Capital has formed a strategic partnership with Silverlake Group through a $40 million investment to support the software company’s growth, the firms said on Tuesday.
Ikhlas will be Silverlake’s first institutional partner, and the tie-up will help the technology software group strengthen its foothold in Asia and accelerate international expansion, they said in a joint statement.
The firms did not detail the stake involved in the investment. A source close to the deal said the investment includes Ikhlas taking equity stakes in the listed entity and in unlisted parts of the Silverlake Group.
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