Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
According to a regulatory filing, Advance Wealth Finance, a subsidiary of the fund, purchased 1.7 billion shares in Jakarta-listed Trimegah at IDR117.7 apiece. A portion of the shares are said to have...
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