CVC Asia V Invests in Samator Indo Gas, Indonesia’s Leading Industrial and Medical Gas Company
By Press Release15 March 2023
Jakarta, 15 March 2023 – PT Samator Indo Gas Tbk. (the “Company” or “Samator Indo Gas” (Bloomberg Code: AGII IJ) (previously PT Aneka Gas Industri Tbk) announced today that Matrix Company Limited, an investment holding company invested in by funds (“CVC Funds”) advised and/or managed by CVC Capital Partners (“CVC”), has acquired a significant minority stake in the Company from existing shareholders for approximately US$155 million. The Harsono family will continue to hold a majority stake in the Company and retain control of the Company.
CVC is a leading global alternative investment manager with €137 billion of assets under management and a strong track record of investments in Indonesia having made 7 (seven) other investments in the country.
Leveraging CVC’s global network and experience, the investment will bring significant benefits to the
Company including transfer of global knowledge and sharing of best practices. Samator Indo Gas will be able to further grow and strengthen its position in Indonesia’s industrial and medical gas industry. This will benefit the Company, its employees as well as all of its partners across the country.
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