Leopard Capital takes stake in Laos hydro-power firm

According to Leopard, EDL Genco is one of the first companies to make a public debut on the Laos Stock Exchange, with reports pegging it as the first security trade starting on the newly launched bourse on January 11. EDL Genco is set to sell 25% of its shares via its IPO, which Leopard says has been oversubscribed. Funds garnered from the IPO will be used for working capital, power plant development, investments and acquisitions and maintenance of the company's assets.

In addition to its investment in EDL Genco, Leopard and its co-investors have also boosted investments in three portfolio companies: ASA Plc., which will rise from a 2.58% equity stake to 10.3%; Nautisco Seafood Manufacturing Limited, which goes from a 31% stake to 38%; and Kingdom Breweries (Cambodia) Ltd., which rises by an undisclosed amount.

Leopard adds that, following the completion of these transactions, more than 70% of the Leopard Cambodia Fund will have been committed. At that point, Leopard Capital looks to launch its Leopard Cambodia-Lao Fund II L.P. in the first half of 2011, targeting business in Cambodia and Laos.

Last week, the Cambodia-based private equity firm announced that it has invested an undisclosed sum in Intean Poalroath Rongroeurng (IPR), a Cambodian microfinance firm, in return for a 33.7% equity stake.

 

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• Topics
• Southeast Asia
• Investments
• PIPEs