Indonesia
Provident increases stake in mining firm Sumatra
Provident Capital Partners has upped its stake in Sumatra Copper & Gold, an Australian-listed mining company operating on the Indonesian island of Sumatra. The investment forms part of A$63 million ($64 million) in debt and equity funding for the company's...
CVC opts for partial exit from Matahari via public markets – report
CVC Capital Partners is expected to exit about 40% of its holding in Matahari Department Store through a public market sale that will raise up to $1.5 billion. The private equity firm, which controls the Indonesian retailer through a joint venture with...
Actis adds to Southeast Asia team
Actis has expanded its Southeast Asia team by appointing Ivy Santoso as Indonesian country head and Arjun Oberoi as global healthcare sector head.
Japan's Aeon eyes CVC's Matahari - report
Japan's Aeon Group and a unit of Thailand's Central Group are said to be eyeing CVC Capital Partners-owned Indonesian retail group Matahari Department Store.
Creador completes Indonesia food carve-out
Creador headed off an auction process to complete a carve-out of Indonesian cereals and snack foods producer Simba Indosnack Makmur from India’s Godrej Consumer Products.
Creador closes Fund I, eyes Fund II
With his first fund days away from a final close, Creador CEO Brahmal Vasudevan is already thinking about a successor vehicle. This is because Creador I, which focuses on India, Malaysia and Indonesia, is on course to be more than two-thirds deployed...
Saratoga Capital expected to pursue IPO in 2013
Indonesian GP Saratoga Capital is expected to launch an IPO in mid-2013. Saratoga Investama Sedaya, the private equity unit of Saratoga Group, has more than $2 billion in assets under management.
CVC ropes in Temasek, AIG for Matahari sale - report
CVC Capital Partners is reportedly roping in Temasek Holdings and American International Group (AIG) as cornerstone investors for its $1.5 billion partial exit from Indonesia's Matahari Department Store. The size of the offering could represent as much...
Profile: KV Asia's Karam Butalia
Karam Butalia, executive chairman of KV Asia Capital, cut his teeth in private equity with Citicorp, set up Standard Chartered’s PE unit, and is now building his own Southeast Asia mid-market buyout shop
Creador reaches $132m final close on debut fund
Creador, a Southeast Asia and India-focused private equity firm, has reached a final close of $132 million for its debut fund. This comes after a first close of $100 million in late 2011. Creador already has plans to launch a second fund in 2013.
Indonesia's Berrybenka gets funding from Gree Ventures
Gree Ventures, the VC arm of social Japanese social networking giant Gree, has completed its third investment in Indonesia, providing a Series A round of funding to fashion-focused e-commerce start-up Berrybenka. The size of the investment was not disclosed....
LPs on Asia: The risk factor
Proximity is reassuring. It shouldn't be surprising that a corporate governance scandal in Asia triggers concerns among institutional investors in North America who are far removed from the information flow and first hear the news via newspaper headlines...
Summit invests $26m in Southeast Asia online retailer
Summit Partners has invested EUR20 million ($26.4 million) in the German holding company of Southeast Asian online retailer Lazada. The capital will be used to expand the company’s product offering.
Singapore named most attractive market for infrastructure investment
Singapore is the world’s most attractive market for infrastructure investment, according to a new report.
Northstar buys 49% stake in Trimegah Securities
Northstar Pacific Partners has acquired a 49% stake in Indonesian brokerage Trimegah Securities for IDR200 billion ($20.8 million). The investment was channeled through Northstar Equity Partners III, which closed last year at $820 million.
Saratoga, Provident sell Tower Bersama shares - report
Saratoga Capital and Provident Capital have reportedly sold a combined 4.4% stake of Tower Bersama Infrastructure, an Indonesian telecom tower business, through a private placement that fetched as much as IDR1.2 trillion ($125 million).
Auctions: The new normal
Private equity firms love selling assets via auction but hate buying them through such channels. As Asian company owners become more sophisticated, bidding contests for large assets are becoming more frequent.
SE Asian private equity deals to rebound in 2013 - Bain & Co
Southeast Asia’s private-equity investments are expected to pick up next year as the region’s improving economic outlook attract new funds, said Sebastien Lamy, a partner at Bain & Co. He projects transactions across the region in 2012 to match last year’s...
KV Asia reaches first close of more than $100m
KV Asia Capital has reached a first close on its debut fund of more than $100 million. The full target is $250 million, which will be deployed in Southeast Asia, with Indonesia expected to feature prominently.
Carlyle completes first Southeast Asia deal
The Carlyle Group has made its first investment in Indonesia, reportedly buying a stake of around 25% in telecom towers operator Solusi Tunas Pratama (STP) for $100 million. The private equity firm confirmed to AVCJ that it had completed its debut transaction...
CVC appoints banks to run Matahari sale – report
CVC Capital Partners is said to have appointed CIMB, Morgan Stanley and UBS to manage the sale of its majority stake in Indonesia’s Matahari Department Store.
Standard Chartered's financial sponsors head gets Indonesia role - report
The head of Standard Chartered’s financial sponsors group in Hong Kong, Sarab Bhutani, has reportedly been appointed co-head of wholesale banking for Indonesia. He will be responsible for deal origination and client coverage.
Affinity secures first Indonesia deal
Regional buyout firms have struggled to gain traction in Indonesia. In some cases, private equity investors have opened offices in Jakarta or Singapore and, years later, still haven’t a deal to their name. Affinity Equity Partners is no longer part of...
Great expectations: Buyout firms in Southeast Asia
Global buyout firms are deploying more resources in Southeast Asia and expect to see stronger deal flow. But are there enough mid- to large-size transactions to go around, and will they come at reasonable prices?