Arinto Tri Wibowo, Nerisa
VIVAnews - Northstar Pacific Partners Limited is lining up new investments in 2009. Among the companies it is targeting for acquisition are in the consumer goods, information technology and energy sectors.
"We are still looking at the opportunity. If there is anything good, we're going in," said Glenn Sugita, a partner in Northstar Pacific Partners Limited on Thursday, Jan 15.
According to Sugita, Northstar will look into every possible acquisition and synergize it with businesses owned by Northstar. Therefore, Northstar may either team up with other strategic partners or invest alone. "It depends on the deal," he said.
Sugita said that for the time being, Northstar owns PT Sumber Alfaria Trijaya Tbk (AMRT) which manages Alfamart (a minimarket), and PT Bank Tabungan Pensiunan Nasional (BTPN). In addition, Northstar invests in mineral-based companies.
Northstar Pacific is an investment company founded by Patrick Walujo, a son-in-law of former President Director of PT Astra International Tbk, Teddy P. Rachmat. The company organizes funds from Government of Singapore Investment Corp Pte Ltd, Duke University Endowment, Kerry Group, Texas Pacific Group, CIMB and Citigroup.
Earlier, Northstar has also set out capital investment in Alfa Retailindo, Alfamart, LPG and oil fields in South Sumatra.
Translated by: Bonardo Maulana Wahono
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