CVC Capital Partners Ltd., the U.K.buyout firm in a venture hired two banks to help fund the acquistion transaction in Indonesia.
Meadow Asia Company Ltd., a unit of UK. buy out firm CVC Capital Partners Ltd., agree to pay IDR7.2 trillion to buy the department store unit of PT Matahari Putra Prima Tbk, Indonesia's biggest retailer.
CIMB Group Holdings Bhd. and Standard Chartered Plc will help London-based CVC raise as much as IDR3.77 trillion in leveraged loans.
Matahari Putra, Indonesia's biggest retailer, announced the sale of 90.76 percent in PT Matahari Department Store to CVC- backed Meadow Asia Co. for IDR7.2 trillion on Jan. 25.
Meadow will buy another 7.24 percent from shareholders. Matahari Putra plans to buy 20 percent of Meadow. Meadow gains a department-store operator with at least 27 locations in Indonesia.
Meadow will buy another 7.24 percent from shareholders. Matahari Putra plans to buy 20 percent of Meadow. Meadow gains a department-store operator with at least 27 locations in Indonesia.
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