CVC eyes a big cheque from MAP Aktif Adiperkasa

CVC Capital Partners is ready to complete one of its most profitable deals in Asia. It could raise up to $353 million when it divests its majority stake in the Indonesian sports goods retailer.

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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