Carlyle sees strong growth potential in SE AsiaSunday, 25 April 2010 23:24The EdgeKUALA LUMPUR: Southeast Asia, with its f...
"To date, CAP investments have covered sectors encompassing financial services, consumer,retail, manufacturing, telecommun...
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Carlyle Group sees strong growth potential in se asia

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Carlyle sees strong growth potential in Southeast Asia

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Carlyle Group sees strong growth potential in se asia

  1. 1. Carlyle sees strong growth potential in SE AsiaSunday, 25 April 2010 23:24The EdgeKUALA LUMPUR: Southeast Asia, with its favourable demographics, growing affluence andwealth of natural resources, has a great growth potential, said international private equity firmthe Carlyle Group.Anand Balasubrahmanyan, who oversees Carlyle Asia Partners (CAP) Southeast Asianinvestments, said while growth over the medium term would likely be strongest in Indonesiaand Vietnam, investment opportunities could be seen in the other major regional economies.The other countries included Malaysia, Singapore and Thailand, he said in an email interviewwith The Edge Financial Daily.Balasubrahmanyan said the private equity firm was monitoring the developments in Thailandand would assess its investment environment in due course.Thailands political unrest stems from weeks of protests calling for Prime Minister AbhisitVejjajiva to quit immediately, by "red-shirt" protesters who comprise largely supporters ofousted prime minister Thaksin Shinawatra. The protests came to a head when demonstratorsbattled police on April 10, leaving at least 22 dead.Meanwhile, Carlyle has just concluded a fund-raising exercise for private equity fund CAP III atUS$2.55 billion (RM8.11 billion), 40% larger than its predecessor CAP II.The addition of this fund, which is the third Asia-Pacific ex-Japan private equity fund advised bythe group, brings the aggregate committed capital to over US$5 billion."CAP III invests in controlling and strategic minority equity stakes in large growth companiesthroughout Asia. We target high-growth companies in a range of sectors that will benefit fromthe strong growth in Asias major economies. Page 1 © 2009 Factiva, Inc. All rights reserved.
  2. 2. "To date, CAP investments have covered sectors encompassing financial services, consumer,retail, manufacturing, telecommunications and media," said Balasubrahmanyan.He added that CAP focused on investments in China, Taiwan, India, Korea, Australia andSoutheast Asia.CAP had in January signed a memorandum of understanding (MoU) with the Beijing MunicipalBureau of Financial Work to set up a renminbi-denominated fund in Beijing.The Carlyle Asia Partners renminbi-denominated fund will invest alongside CAP III, in additionto pursuing independent investments in large growth companies, as a means of betterapproaching investment opportunities in China.However, Balasubrahmanyan refrained from stating the return on investments, saying: "It ispremature to discuss return on investments as we have only just completed the fund-raisingexercise for CAP III."Balasubrahmanyan said Carlyle had developed into the longest-standing and largest globalprivate equity firm in Asia.He said its unique investment model and emphasis on local operational expertise andpartnership enabled it to create value for investors and portfolio companies."We are looking at hedging specific risks in relation to an investment on a case-by-case basis, soit is difficult to provide general comments on our hedging strategies," he added. Page 2 © 2009 Factiva, Inc. All rights reserved.

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