Private equity firm exits Thailand’s Robinson, raising $219 million

The sale of Asia Investment International’s remaining 10% stake in the Thai department store operator draws robust demand.

Private equity firm exits Thailand’s Robinson, raising $219 million

Asia Investment International has sold its entire 10% stake in Thailand’s Robinson Department Store, raising Bt6.73 billion $219 million. The price was fixed just above the mid-point of the indicative range.

The private equity firm first invested in Robinson in 2009 and monetised its remaining investment in the company through this transaction, a source said.

Asia Investment launched the deal after the Thai market closed on Thursday. The order books closed...

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