CVC-backed Matahari launches $1.3b offering
CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial gain on its investment, made three years ago.
A CVC subsidiary and Multipolar, a vehicle owned by the Riady family's Lippo Group, are offering 1.167 billion shares priced at IDR10,000-11,250 apiece. A group of investors including BlackRock, Fidelity,...
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