Link Net to lift Indonesian ECM

摘要

Plans for a US$500m-$1bn follow-on offer in internet service provider link net are rekindling hopes of a resurgence in Indonesia's deal-starved equity capital market. CVC Capital, Link Net's private equity owner, is targeting a selldown in the fourth quarter that has the potential to change a dismal year for IDX placements. An ECM banker said the deal should be attractive as it is a play on Indonesia's growing consumer demand, repeating a formula that proved successful on CVC's follow-on offering in Matahari Department Store in 2013.