CVC Capital Partners today announced that CVC Asia VI has agreed to invest in PT Mitra Adiperkasa Tbk ("MAPI").
Established in 1995 and headquartered in Jakarta, MAPI is Indonesia's largest lifestyle retail group with more than 4,000 retail stores across Southeast Asia and a portfolio of over 150 global brands. The Company also has a presence in other key regional markets including the Philippines, Vietnam, Malaysia and Singapore. MAPI serves the full spectrum of consumer segments through its five business units: Active (sports), Fashion, Digital (electronics), Department Stores & Beauty and Food & Beverage.
The transaction will be CVC’s tenth investment in Indonesia.
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