Feb 7, 2012

Yawadwipa bids Bank Mutiara US$750 mio

Yawadwipa Companies, a Singapore and Jakarta-based financial services company, has revealed its intention to acquire stakes of PT Bank Mutiara Tbk, previously dubbed PT Bank Century Tbk, with a proposed bid of US$750 million.
In a statement published by Bisnis Indonesia today, Yawadwipa has officially proposed a preliminary bid to financial adviser of Lembaga Penjamin Simpanan, a controlling shareholder of Bank Mutiara.
"The proposed bid is not less than the capital injection into Bank Mutiara in 2008 as much as Rp6.7 trillion," said Yawadwipa in the statement.
Yawadwipa is led by CEO and Co-Founder C. Christopher Holm with Presetyo Singgih as COO.
Yawadwipa is operated by a small group of executives (partners). Chad Christopher is also acting as chairman of the Investment Committee of the Java Fund. 
He has agreed to enter into a long-term employment agreement and contribute an additional targeted US$25 million USD to benefit the company, the  Java Fund and certain local social causes. 
Holm is one of the most prolific and experienced dealmakers based in Asia today, having completed more than 50 strategic  transactions in 20 countries worth over an aggregate US$150 billion with US$35 billion in Asia and US$75 billion of cross-border work over a nearly 20 year career. 
He has also helped lead IPOs and other capital raises for clients with an aggregate valuation of over US$100 billion. 
In 2011, he advised on two of the largest M&A transactions in Asia ex-China. He previously served as a senior executive at Bank of America Merrill Lynch, Citigroup and Lazard, during which time he led both regional and global  efforts. 
Select strategic clients have comprised many of the largest and most distinguished entities in the world, including BlackRock, Citigroup, NYSE Euronext, PIMCO,  Blackstone, Hellman & Friedman, Sumitomo Mitsui, AXA, GE and IBM.

Disclosure: No position at the stock mentioned above.

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