Northstar Sells 25 Percent Stake in Thai Credit to Olympus Capital-Led Consortium for USD91 Million

Source: Olympus Capital Asia

A consortium led by Asia middle market-focused private capital fund manager Olympus Capital Asia has acquired a 25 percent stake in Thai Credit Retail Bank, a Thailand-based microfinance bank, for USD91 million from Southeast Asia-focused private equity firm Northstar Group. A portion of the total investment will be contingent on the company’s future performance. Northstar first acquired a stake in Thai Credit in November 2012.