Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

Olympus Capital Asia Acquires Verdaine Investments

On June 1, 2000, private equity firm Olympus Capital Asia acquired oil/gas exploration company Verdaine Investments

Acquisition Context
  • This is Olympus Capital Asia’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Olympus Capital Asia’s 1st transaction in Indonesia.

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M&A Deal Summary

Date June 1, 2000
Target Verdaine Investments
Sector Oil/Gas Exploration
Buyer(s) Olympus Capital Asia
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Verdaine Investments

Indonesia
Verdaine Investments Limited (“Verdaine”) as an acquisition vehicle for palm oil assets in Indonesia. Verdaine manages approximately 50,000 hectares of palm oil plantations, primarily operating assets in Sumatra.
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Buyer Overview 1

Buyer

Olympus Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Olympus Capital Asia is a private equity firm that targets investments throughout Asia, including Japan, Korea, India and Greater China. Target industries include agribusiness/food, business services, environmental services/alternative energy, financial services, manufacturing and natural resources. Olympus Capital Asia was formed in 1997 and is based in Hong Kong, China.


Deal Context for Buyer #
Overall 2 of 17
Sector: Oil/Gas Exploration 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 4
Country: Indonesia 1 of 1
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 HDFC Bank

Mumbai, India

HDFC Bank is a private sector banks. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. HDFC Bank was founded in 1994 and is based in Mumbai, Maharashtra.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Clearwater Capital Partners

Hong Kong, China

Clearwater Capital Partners (“Clearwater”), founded by three principals with extensive experience in Asian debt markets, is an investment management company focusing on Asian distressed debt securities. Olympus sponsored the formation of Clearwater and its first investment vehicle. Olympus Capital Asia was the largest investor in Clearwater’s first fund and owned a minority stake in the management company. Olympus subsequently invested into other investment vehicles managed by Clearwater.

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