Buyout firms progress in Indonesia healthcare auction - report
The Blackstone Group, Bain Capital, KKR and Abraaj Capital are said to have made it through to the second round of the auction process for a 20% stake in Siloam, Indonesia’s biggest private hospital firm. The deal is expected to be worth up to $300 million.
According to Reuters, Lippo Karawaci, Siloam's parent, is seeking a valuation of more than 20x forward earnings. A 20% holding has been put on the block and, although first-round bids were reportedly below...
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