Global private equity and venture capital news and research

Northstar’s Samudra Energy eyes $250m Singapore IPO

9 Jul 2014

Oil PumpsPrivate equity-backed energy business Samudra Energy is reportedly looking to raise between $200m and $250m via an IPO on Singapore’s stock exchange.

The company, which is controlled by private equity firm TPG’s Indonesian affiliate Northstar Group, is currently in talks with potential investors and the pre-marketing stage will continue for two weeks, said IFR.

Bookbuilding for the IPO is expected to start in late July or early August. Credit Suisse and Nomura are the joint global co-ordinators and bookrunners with CIMB, said IFR.

Samudra owns stakes in oil and gas exploration projects in Indonesia and Southeast Asia.

In May this year it was reported that Northstar had raised the target for its fourth fund to more than $1bn and was looking to hold a first close shortly.

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