Hong Kong-based PE firm Quantum Pacific Investment has failed in its attempt to remove the directors at Australia's Intrepid Mines after the company lost control of a key Indonesia mining asset.
Southeast Asia | 21 Jun 2013 |
A vehicle containing legacy assets that predate Saratoga Capital’s institutional funds has raised $151 million through an IPO in Indonesia. Saratoga Investama Sedaya (SIS), which is controlled by the private equity firm’s founders, Sandiaga Uno and...
Southeast Asia | 11 Jun 2013 |
Investors plan to boost their exposure to Indonesia and Malaysia over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
LPs | 10 Jun 2013 |
The Geeks on a Plane (GOAP) tour organized by Silicon Valley-based accelerator 500 Startups reaches its final leg in Indonesia this week. This is the first time one of the trips has focused specifically on Southeast Asia.
Southeast Asia | 10 Jun 2013 |
LinkNet, the Indonesian cable television and broadband operator in which CVC Capital Partners holds a 49% stake, is reportedly targeting an IPO this year. It would be the second share offering in 2013 by one of the private equity firm’s Indonesia-based...
Exits | 06 Jun 2013 |
DBS Group has extended the deadline for it to secure majority control of Indonesia’s Bank Danamon by two months to August 1. The bank wants to acquire the 67.4% stake in Danamon owned by Temasek Holdings – also DBS’ controlling shareholder – with...
Financials | 04 Jun 2013 |
Increased competition for deals and buoyant equity markets have pushed up valuations in Southeast Asia, prompting private equity investors to hold back, according to a new survey. While the region is becoming more important in investment strategies, returns...
Southeast Asia | 03 Jun 2013 |
For all the foreign strategic interest in Indonesia’s financial services sector, most deals are thwarted due to a huge gap in price expectations. PE investors are steering clear of the mainstream and looking for niche value
Southeast Asia | 29 May 2013 |
Mitra Pinasthika Mustika (MPM), the Indonesian motorcycle distributor in which Affinity Equity Partners and Saratoga Capital invested around $100 million last year, is looking to boost its car rental business. The comes as the company prepares to raise...
Exits | 28 May 2013 |
DBS Group Holdings has won approval to buy a 40% stake in Indonesian mid-sized lender Bank Danamon for $2.75 billion from Singapore state investor Temasek. It will be the biggest acquisition in the country's history.
Southeast Asia | 22 May 2013 |
SEAVI Advent Private Equity, the Asian arm of Advent International, has made a $17 million investment into Multicon Indrajaya Terminal, an Indonesian port depot manager.
Southeast Asia | 22 May 2013 |
Quantum Pacific Investment, the third-biggest shareholder in Australia's Intrepid Mines, is looking to recover some of the explorer's stake in a key Indonesian asset as it brings in a new leadership team.
Australasia | 21 May 2013 |
Sumitomo Mitsui Banking Corp. (SMBC) is paying a princely sum for a slice of Indonesia's financial services sector. The price-to-book (P/B) valuation of the $1.56 billion it has agreed to pay for a 40% stake in Bank Tabungan Pensiunan Nasional (BTPN)...
North Asia | 15 May 2013
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta