HONG KONG, March 8 (Reuters) – PT Matahari Department Store, a CVC Capital Partners-owned Indonesian retailer, has secured about $200 million in initial pledges from cornerstone investors, including Och-Ziff Capital Management Group LLC and asset manager Schroders, for its up to $1.5 billion share offer, sources with direct knowledge of the matter said.
CVC, a London-based private equity firm, is selling as much as a 40 percent stake in Matahari in what is expected to be Indonesia’s biggest share sale since a $4.4 billion offering by PT Bakrie & Brothers in 2008.
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