Reposted from The Wall Street Journal
By PATRICK BARTA
Chairman of Leopard Capital (Marc Faber) is seeking to raise $150 million for two Myanmar – focused funds.
YANGON, Myanmar—Private-equity firms are divided over whether Myanmar will be a source of huge profits, or just another place to endure losses. More…
Reposted from The Economic Times
SINGAPORE/HONG KONG, May 25 (Reuters) – Hong Kong’s Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted.
After 50 years of military rule, Myanmar is one of Asia’s poorest countries, but with abundant resources like oil and gemstones, it’s one of the last untapped frontier markets. Dramatic political reforms have opened the path to foreign financial investments, though putting money to work there is expected to take time. More…
(To view the original article from Altassets, please click here).
Altassets reports in an article entitled “Buyout giant TPG could chase Leopard to Myanmar as sanctions slacken”, TPG Capital co-founder David Bonderman is looking at investment opportunities in Myanmar. Bonderman traveled to the Southeast Asian nation last week to view investment prospects amidst the suspension of economic sanctions from several western nations following political reforms within the ex-military dictatorship. More…
Reposted from The Financial Times
A man rides his trishaw in Yangon, Myanmar
By Gwen Robinson and Henny Sender
David Bonderman, co-founder of US private equity group TPG, visited Myanmar last week to meet political and business figures in the latest sign of growing investor interest in the country amid the easing of western sanctions.
In the first visit by a top US private equity investor since the reformist government of President Thein Sein came to power in early 2011, Mr Bonderman met U Soe Thein, Myanmar’s minister for industry; government officials; opposition leader Aung San Suu Kyi; and local business leaders. His aim, according to a person involved in the discussions, was to “get a sense of new investment opportunities and the emerging regulatory framework”. More…
Reposted from The China Post
By Kyoko Hasegawa
TOKYO — As Myanmar prepares for an economic resurgence following the end of decades of military rule, wide-eyed firms from all over Asia are competing for a piece of the potentially lucrative pie.
With largely untapped natural resources, including minerals, metals and fossil fuels, and a tourism sector left in ruins by sanctions, Myanmar sparkles with opportunity. More…