Southeast Asia

Patrick Alexander of Batavia Investment

Managing Partner of Batavia Investment Management Patrick Alexander says that now is a prime time to investment in Indonesia, because the market is now large enough to offer a range of opportunities, especially when it comes to mid-sized deals.

SingTel to launch $150 million tech-focused VC fund

Telecommunications giant SingTel is set to raise an S$200 million ($150 million) VC vehicle – the SingTel Innov8 venture fund – focused on tech startups that will additionally garner it access to new and developing technologies to promote its business.

Country Risk Check: Indonesia

With GPs and LPs gung-ho for Indonesia while memories of post-1997 chaos there still linger, the market needs a risk check to assess the actual degrees of uncertainty in the country: whether dangers of another Asian financial crisis-style national collapse,...

Navis completes exit from Linatex

Navis Capital Partners has completed its exit from investee Linatex to the UK's Weir Group, for $200 million, following a regulatory approval from South Africa's Competition Commission.

Northstar sells stake in Sumber Alfaria in Indonesia

Indonesian private equity firm Northstar Pacific Partners has sold a 28.52% stake in local-listed retail business PT Sumber Alfaria to a consortium of five foreign buyers, receiving INR448.46 billion ($50 million) or almost a 203% return on its investment.

Indonesia heat

Fresh off the plane back from Jakarta, I can confirm that Indonesia merits the attention private equity GPs and LPs are now paying to it – and that the attention is almost as frothy and buzzing as the overall Indonesian economy.

Navis makes final close on $1.2 billion fund

Navis Capital Partners has announced the official close of its $1.2 billion Navis Asia Fund VI, a vehicle that surpassed Navis’s original $1 billion target fund size and further outpaced its preceding Navis V fund, which raised $1 billion in 2007.

Navis, PE firms vie for Carrefour's Southeast Asia assets

Private equity firms including Navis Capital Partners are said to have taken part in a preliminary bidding round for Carrefour’s assets in Singapore, Malaysia and Thailand, taking on retailers from Asia and Europe for the billion-dollar target.

San Miguel scraps plans to sell stake in Pure Foods

Months after Philippine conglomerate San Miguel Corp. confirmed that it sought to offload a 49% stake in its foods division Pure Foods – an asset that could fetch $1.3 billion in its entirety and $600 million for its minority stake – the group has...