KKR bullish on Southeast Asia in 2013

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US-based private equity firm Kohlberg Kravis Roberts & Co (KKR) sees economic growth and increased consumer spending in ASEAN as a good basis for investment opportunities in Southeast Asian companies in 2013.

Consumer goods companies, retailers, education and healthcare industries are most attractive, Ming Lu, member of KKR and regional leader of Southeast Asia, was quoted as saying by Bloomberg.

As urbanisation spurs more people moving into cities, forming a large pool of middle class, KKR is focused on the economies of Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam.

KKR opened a new office in the Asia-Pacific region in Singapore in October 2012 and is currently raising a $6 billion Asian fund with commitments for about two-thirds of that amount, assuming that private-equity deals in Southeast Asia will rebound over the next two years (see our previous story).

Other private equity firms have finalised lucrative deals in the region in the recent past. Dubai’s Abraaj Capital announced on December 19, 2012, that it has exited its investment in the Thai restaurant chain Hot Pot with a significant profit through an initial public offering. Malaysia-based Navis Capital Partners, which manages $3 billion of private and public equities, and Dutch Rabo Capital have just recently sold Thai duck processor Bangkok Ranch to a consortium led by the company’s co-founders for approximately $188 million.

 

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Reading Time: 1 minute

US-based private equity firm Kohlberg Kravis Roberts & Co (KKR) sees economic growth and increased consumer spending in ASEAN as a good basis for investment opportunities in Southeast Asian companies in 2013.

Reading Time: 1 minute

US-based private equity firm Kohlberg Kravis Roberts & Co (KKR) sees economic growth and increased consumer spending in ASEAN as a good basis for investment opportunities in Southeast Asian companies in 2013.

Consumer goods companies, retailers, education and healthcare industries are most attractive, Ming Lu, member of KKR and regional leader of Southeast Asia, was quoted as saying by Bloomberg.

As urbanisation spurs more people moving into cities, forming a large pool of middle class, KKR is focused on the economies of Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam.

KKR opened a new office in the Asia-Pacific region in Singapore in October 2012 and is currently raising a $6 billion Asian fund with commitments for about two-thirds of that amount, assuming that private-equity deals in Southeast Asia will rebound over the next two years (see our previous story).

Other private equity firms have finalised lucrative deals in the region in the recent past. Dubai’s Abraaj Capital announced on December 19, 2012, that it has exited its investment in the Thai restaurant chain Hot Pot with a significant profit through an initial public offering. Malaysia-based Navis Capital Partners, which manages $3 billion of private and public equities, and Dutch Rabo Capital have just recently sold Thai duck processor Bangkok Ranch to a consortium led by the company’s co-founders for approximately $188 million.

 

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