SBI makes first foray into Cambodia
Japanese Financial Group SBI Holdings has entered Cambodia through the creation of a private equity fund in partnership with Royal Group, the country’s largest conglomerate. It is SBI’s second overseas joint venture vehicle this year, following the formation of a $100 million fund in Abu Dhabi with state-owned Invest AD, which will target Turkish firms.
The Cambodian fund will receive initial capital of $50 million, with each party contributing half, and seek investments through Royal Group's local networks. Kenji Hirai, director of overseas business...
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