Private equity rains on Southeast Asia

KKR founder Henry Kravis sees plenty of investment opportunities in Southeast Asia

US-based private equity company Kohlberg Kravis Roberts & Co said it will invest more than $1 billion in the Southeast Asian region over the next five years as it sees increasing opportunities especially in Thailand, Vietnam and the Philippines.

The announcement came close after it has been revealed this week that its competitor, Carlyle Group, made its first investment in Southeast Asia, buying a stake of around 25 per cent in a publicly traded Indonesian telecom towers operator for about $100 million.

KKR on October 25  officially opened an office in Singapore to serve as the regional hub for investments, which will be staffed by a seven-member team. In the Southeast Asian region, 20 per cent of KKR’s investment is in Singapore – including  data storage company MMI, technology company Avago and precision components manufacturer Unisteel.

“Southeast Asia is KKR’s second largest investment destination in Asia after China. But now is the time to establish a permanent presence,” said KKR’s co-founder Henry Kravis in the company announcement.

He added there was still a lot of potential to be tapped in Southeast Asian given that companies are still looking for capital and partners.

KKR, which has $61.5 billion in assets under management, sees investment opportunities in the consumer sector, the financial services sector and the resources sector such as agricultural products, palm oils, minerals and metals.



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[caption id="attachment_4940" align="alignleft" width="152"] KKR founder Henry Kravis sees plenty of investment opportunities in Southeast Asia[/caption] US-based private equity company Kohlberg Kravis Roberts & Co said it will invest more than $1 billion in the Southeast Asian region over the next five years as it sees increasing opportunities especially in Thailand, Vietnam and the Philippines. The announcement came close after it has been revealed this week that its competitor, Carlyle Group, made its first investment in Southeast Asia, buying a stake of around 25 per cent in a publicly traded Indonesian telecom towers operator for about $100 million. KKR on...

KKR founder Henry Kravis sees plenty of investment opportunities in Southeast Asia

US-based private equity company Kohlberg Kravis Roberts & Co said it will invest more than $1 billion in the Southeast Asian region over the next five years as it sees increasing opportunities especially in Thailand, Vietnam and the Philippines.

The announcement came close after it has been revealed this week that its competitor, Carlyle Group, made its first investment in Southeast Asia, buying a stake of around 25 per cent in a publicly traded Indonesian telecom towers operator for about $100 million.

KKR on October 25  officially opened an office in Singapore to serve as the regional hub for investments, which will be staffed by a seven-member team. In the Southeast Asian region, 20 per cent of KKR’s investment is in Singapore – including  data storage company MMI, technology company Avago and precision components manufacturer Unisteel.

“Southeast Asia is KKR’s second largest investment destination in Asia after China. But now is the time to establish a permanent presence,” said KKR’s co-founder Henry Kravis in the company announcement.

He added there was still a lot of potential to be tapped in Southeast Asian given that companies are still looking for capital and partners.

KKR, which has $61.5 billion in assets under management, sees investment opportunities in the consumer sector, the financial services sector and the resources sector such as agricultural products, palm oils, minerals and metals.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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