Indonesia
Endowments: Still gold standard?
North American endowments took a beating during the financial crisis and the recovery process has been slow. But they retain the ability to uncover high-quality GPs, in the US and beyond
AIF invests in Southeast Asian consumer packaging firm
AIF Capital has completed a $40 million investment in Pacific Plas, one of the largest participants in Southeast Asia’s resin distribution and consumer packaging markets. AIF is the first private equity investor in the Singapore-based family-owned company....
Standard Chartered PE acquires 13.5% stake in Trikomsel
Hong Kong-based Standard Chartered Private Equity has acquired a 13.5% stake in Trikomsel Oke, an Indonesian retailer of mobile telecommunications devices.
Coller Barometer: Asia Pacific PE growth trend to continue
Global investors will continue to up their exposure to Asia-Pacific private equity over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
Indonesia's Saratoga closes fund three at $600m
Saratoga Capital has closed its third fund at $600 million, according to sources familiar with the situation. It took the Indonesia-based firm about six months to close the new vehicle, which will make investments across Southeast Asia.
KKR to establish investment team in Singapore
KKR will open an office in Singapore as a base for its investment activities across Southeast Asia. AVCJ understands that an announcement is forthcoming, with about eight investment professionals working out of the new office, although Ming Lu, the firm’s...
Growth capital mezzanine: The third way
Growth capital mezzanine players are still few in number in Asia. Will struggling equity markets and tighter credit conditions open up the market for these alternative capital providers?
Indonesian pay-TV operator targets $260m IPO
PT MNC Skyvision has reduced the fundraising expectations for its IPO this summer from $400 million to $260 million. Saban Capital Group was previously reported to have expressed interest in becoming an anchor investor.
Palatine-backed Air Energi bolts on Indonesia's Satoil
Air Energi, a portfolio company of Palatine Private Equity, has purchased the technical consulting and professional manpower division of Indonesian oil services company Satoil.
VIDEO: Creador's Brahmal Vasudevan
Brahmal Vasudevan first wanted to invest in Indonesia six years ago when he was with India-focused GP ChrysCapital. Now, as CEO of Creador, the private equity firm he set up last year, Vasudevan has his wish. Creador is seeking to raise around $350 million...
CIPEF closes emerging markets fund at $3b
Capital International has closed its sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
FX hedging: Know your risk
Private equity firms are hedging the currency risk of their investments in Asia Pacific longer and later in the investment cycle than ever before
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.
VIDEO: Ancora International's Veronica Lukito
Foreign direct investment in Indonesia reached a record $20 billion in 2011 and M&A transactions came in at $9 billion for the 12 months to January 31. The country’s stock market has gained close to 200% since 2009. The influx of capital has yet to be...
Hogan Lovells expands into Indonesia
Hogan Lovells has teamed up with Indonesia law firm Hermawan Juniarto as part of its strategy to develop a presence in the largest economy in Southeast Asia.
China's private equity talent war
The pace of growth in China’s private equity industry hasn’t been matched by the development of a pool of qualified local investment professionals. Firms are busy building from the bottom and poaching at the top
Playing the Asia expectations game
The institutional LPs that attend AVCJ events are a mixed bunch. A few maintain a presence in Asia and are clued up as to the up-and-coming markets and managers, key investment opportunities and general fundraising climate. Another group comprises frequent...
DBS to buy Temasek's stake in Bank Danamon Indonesia
Singaporean lender DBS Group will buy Temasek Holdings’ majority stake in Bank Danamon Indonesia for about $4.9 billion. Already Southeast Asia’s biggest bank, DBS sees the acquisition as a means of accessing the region’s largest economy, which grew nearly...
Q&A: Creador's Brahmal Vasudevan
Brahmal Vasudevan, CEO of India- and Southeast Asia-focused Creador, discusses the rewards and challenges of investing in Indonesia
Q&A: Ancora's Veronica Lukito
Veronica Lukito, CEO of Ancora International, discusses the rewards and challenges of investing in Indonesia
Looking forward, looking back
The first quarter of 2012 will soon be over. The Asian private equity industry seems to be humming along at a steady pace, although there hasn’t been anything particularly dramatic so far. Deal-making has been efficient and routine rather than startling,...
Saratoga to sell part of Tower Bersama stake - report
Indonesia-focused Saratoga Capital has started the sale process for part of its stake in telecom tower business PT Tower Bersama Infrastructure, alongside two other investors.
Abraaj Capital to complete more deals in Asia
Abraaj Capital is set to complete more deals in Asia in the next few months. The Middle East private equity firm will look for deals largely in India and pursue possible acquisitions in natural resource companies in Indonesia.
Indonesian Pay-TV operator revives $400m IPO plan
PT MNC Skyvision, a unit of media group PT Global Mediacom and the largest pay TV company in Indonesia, will once again seek to raise up to $400 million via an initial public offering in June, in a bid to tap opportunities brought about by a rise in consumer...