Private equity, the ASEAN way
South East Asia has returned as a favored destination for private equity investors. With a population of over 600 million people and a combined GDP of $1.8 trillion, the Association of Southeast Asian Nations (ASEAN) – comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Burma, Cambodia, Laos, and Vietnam – is the 10th largest economy in the world. Complete integration is far from ideal, but the ASEAN free trade agreement in theory allows free movement of goods among the member countries. In terms of private equity, this region remains under penetrated with few firms, most notably Navis, making specialized investments.
The return of Southeast Asia on the private equity radar is largely driven by the recent surge of interest in Indonesia by the buyout firms, who are attracted by the country’s ability to absorb large...
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