CVC Capital Partners is on course to seal one of its most profitable investments in Asia if the private equity firm can complete a Rp4.2 billion to Rp5 billion $296 million to $353 million share sale in Indonesian sports goods retailer MAP Aktif Adiperkasa later this month.
The Reg S144A fully-marketed follow-on offering, launched on Monday, comes nine months after the Indonesian company completed a $63.5 million domestic initial public offering in July last year.
Many Indonesian companies choose to sell a large stake in the form of a follow-on offering after a smaller IPO in order to avoid paying excessive taxes. These transactions are often...
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