Pursuing the Elixir of growth

ON the surface, shareholders of Willowglen MSC Bhd, a provider of technology solutions such as industrial automation and remote monitoring solutions, are getting a pretty good offer from Singapore-based private equity firm PrimeMovers Equity (S) Pte Ltd (PME), whose special-purpose vehicle, Elixir II Pte Ltd, is proposing to buy the company’s core business in a cash-and-share deal worth RM215.2mil.

The offer also values the business well above Willowglen’s market capitalisation as of April 2, 2026 of around RM141mil.