Oct 23, 2011

Northstar, TPG to buy tire company

Strategic alliance of Northstar Pacific Partners and one of the largest global private equitu Texas Pacific Group (TPG) lured US$820 million cash from wealthy investors. With such cash, they are in frenzy shopping several potential companies in Indonesia.
Northstar-TPG are holding stakes in PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and a coal contractor PT Delta Dunia Makmur Tbk (DOID) that its price is hard to rise after engulfing recent massive sell.
Which company is ready to be the next anchor for their investment. Is it PT Multistrada Arah Sarana Tbk? 
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Disclosure: No position at the stock mentioned above.  

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