AIF Capital Invests US$40 million in Pacific Plas

AIF Capital is pleased to announce the investment of US$40 million of new capital by its managed funds into Redeemable Convertible Preference Shares (“RCPS”) issued by Pacific Plas Pte. Ltd. (“Pacific Plas”), a Singapore-based holding company with subsidiaries (“the Group”) in Indonesia, China, Malaysia, Singapore and Australia. AIF Capital is the first private equity investor in the Group.

Pacific Plas is one of South East Asia’s largest family-owned groups in the resin distribution and consumer packaging markets, whose future growth is strongly linked to rising middle class consumption and investment by consumer products manufacturers in Indonesia and South East Asia. The Group’s major growth initiatives for the coming years include building upon organic growth in its resin distribution, rigid plastic packaging and ink formulation businesses and consolidating the consumer packaging industry in Southeast Asia. AIF Capital will actively support the Group’s acquisition program, help enhance Group-wide governance and risk management where required, and over the next few years prepare the Group for listing.

“We are very pleased to be partnering with Pacific Plas in its vision to extend its leadership position in the packaging industry in Indonesia and throughout Asia. We look forward to supporting its highly experienced management team as it further develops a profitable, integrated business model that captures value across the plastic packaging supply chain in Asia” said Peter Amour, AIF Capital’s Chief Executive Officer.

“AIF Capital has been investing in Southeast Asia since 1995. This investment marks our seventh in the region and reflects our time-tested strategy of capitalizing on prevailing secular trends in an integrating and high growth emerging Asia, while targeting and working in close partnerships with high caliber family businesses to help grow and extend existing platforms into new geographies.”

“The production expertise, business relationships and geographic reach that the Group has developed over the years establish a solid foundation for our next phase of growth. We are delighted to have AIF Capital’s support at this important stage of the Group’s development,” said Winardi Pranatajaya, Chairman of Pacific Plas.

About AIF Capital

AIF Capital (www.aifcapital.com) is one of Asia’s largest independent private equity firms with an established track record of successfully implementing a pan-Asian, multi-industry strategy for over 17 years. Since its establishment in 1994, AIF Capital has received investor commitments for its funds in excess of US$2.0 billion. The Firm has made 36 investments and 23 realizations in 9 countries across Asia, distributing in excess of US$1.5 billion to its limited partners.

The Firm has a team of 25 investment professionals across its offices in Hong Kong, Beijing, New Delhi and Singapore, which oversees a diversified pan-Asian portfolio of investments, providing capital for expansion, buy-outs and recapitalization. Its portfolio investments are well distributed across sectors ranging from supply chain management, financial services, industrial manufacturing, aquaculture, media, chemicals & pharmaceuticals, specialty steel and engineering services to power generation, telecom and transportation. Investors in AIF Capital managed funds include major corporate and government pension and investment funds, insurance companies and financial institutions from North America, Australia, Asia and the Middle East and Europe, as well as multilateral agencies.

For further questions, please contact Peter Amour or Doris Ng at +852-2912-7888 or email inquiries to info@aifcapital.com

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