Samator Ready to Expand with CVC's Latest Investment

By Editorial Team 17/03/2023
gas supply
Summary

Matrix Company Limited, a subsidiary of CVC Capital Partners, injected US$155 million to buy a minority stake in PT Samator Indo Gas Tbk (AGII). UBS acted as the exclusive financial advisor in the transaction.

Andy Purwohardono, CVC Indonesia Head and Partner, said the capital injection for Samator marks CVC's eighth investment in Indonesia since 2010.

According to Andi, this investment shows CVC's confidence in Samator's potential and Indonesia's economic growth. "We not only see this investment as an opportunity for us to back a successful business in the next stage of its growth journey but also to contribute to the continued development of Indonesia's economic output," Andi said on Wednesday.

CVC will transfer global knowledge and sharing of best practices with Samator so that this investment can bring significant benefits.

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