Private Equity and M&A – Southeast Asia
By: Alternatives.pe
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PT Indonesian Paradise Property Tbk (INPP), a real estate company focused on hospitality, hotels, and resorts in Indonesia, has sold a 36.3% stake in NARPATI ARJAYA PROPERTI, an Indonesian real estate development and property company operating as its subsidiary, to Hankyu Hanshin Properties ID-BWC LLC for USD 40 million. INPP plans to allocate the proceeds from this divestment to its working capital for business expansion.
PT Harum Energy Tbk, an energy and coal mining company in Indonesia, has sold its remaining stake in
ARKARA PRATHAMA ENERGI, an energy and coal mining company that operates coal mine areas in East Kalimantan. PT Harum Energy Tbk sold its stake in Arkara Prathama Energi for USD 55 thousand.
ASTRO OFFSHORE, an offshore and maritime chartering and brokerage company, reached USD 81 million in revenue for the FY ending in April 2024, an 149% year-on-year growth.
Comparable Companies:
- EXECUTIVE OFFSHORE – Q1 2024 Revenue USD 26 million (108% growth)
- ASEAN CABLESHIP – Q1 2024 Revenue USD 15 million (94% growth)
- TSC OFFSHORE – Q4 2023 Revenue USD 29 million (235% growth)
SIAM HERBAL TECH, a Thai company specializing in the extraction and manufacturing of plant-based therapeutics, achieved year-on-year revenue growth of 223% for the FY ending in December 2023.
Comparable Companies:
- CHITOSE BIO EVOLUTION – Q1 2024 Revenue USD 17 million (11% growth)
- TEMASEK LIFE SCIENCES – Q1 2024 Revenue USD 209 million (29% growth)
- VIET NAM BIO SOLUTION – Q4 2023 Revenue USD 1 million (20% growth)
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