Global buyers, PE firms circle CVC's $155M stake in Samator Indo Gas

What's the deal? Global industrial gas players and private equity firms are eyeing CVCDealroom has a profile for this one. Try Dealroom →'s minority stake in Indonesia's Samator Indo GasDealroom has a profile for this one. Try Dealroom →, according to DealStreetAsia. CVC acquired the stake for about $155 million in March 2023.

Who's involved? Potential suitors include industrial gas peers such as Air LiquideDealroom has a profile for this one. Try Dealroom → and Linde IndonesiaDealroom has a profile for this one. Try Dealroom →, alongside private equity firms.

Why now? CVC's move to explore an exit comes just over three years after it took the position, a typical holding window for private equity before returning capital to investors.

The signal: Interest from global gas majors points to consolidation appetite in Southeast Asia's industrial gas market, with strategic buyers competing against financial ones for a foothold in Indonesia.

Read more: dealstreetasia.com

Image credit: Samator Indo Gas