AIF invests in Southeast Asian consumer packaging firm

The transaction was structured as an issuance of convertible preference shares by Pacific Plas to AIF-managed funds.

Pacific Plas has subsidiaries in Singapore, China, Indonesia, Malaysia and Australia. Its future prospects are said to be closely aligned with the growth in middle class consumption and investment by consumer products manufacturers in Southeast Asia and Indonesia in particular.

The company plans to build upon organic growth in its resin distribution, rigid plastic manufacturing and ink formulation businesses, with a view to consolidating its position in the regional consumer packaging market. AIF will support Pacific Plas in acquisitions and help improve governance and risk management over the next few years as the company prepares for listing.

"We are very pleased to be partnering with Pacific Plas in its vision to extend its leadership position in the packaging industry in Indonesia and throughout Asia," said Peter Amour, CEO of AIF. "We look forward to supporting its highly experienced management team as it further develops a profitable, integrated business model that captures value across the plastic packaging supply chain in Asia."

The investment is AIF's seventh in Southeast Asia since 1995. The firm is in the process of raising its fourth Asia fund, with a target of $750 million. The vehicle will focus primarily on China and India, and selectively Southeast Asia.

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• Topics
• Southeast Asia
• Consumer
• Industrials
• Expansion
• Southeast Asia
• Indonesia
• Consumer
• Growth capital
• AIF Capital