In the News: 2005

Lombard Goes for Thai Consumer Finance with Siam A&C Stake

Asian Venture Capital Journal
10 January 2005

Lombard Investment has acquired a 25.5% stake in consumer finance company Siam A&C Co. Ltd.  Lombard declined to comment to AVCJ on the deal.

Lombard's $245 million Thailand Equity Fund, co-sponsored with IFC, was established with support from the Thai government, and aims to invest in operationally competitive businesses in the country. IFC, CalPERS, DEG, Asian Development Bank, and the Ministry of Finance of the Government of Thailand are among the investors in the fund. CalPERS's recent disclosure of performance and fees on its private equity investments (see AVCJ Dec 13) showed Lombard as the best performer amongst its Asian-focused funds, though also commanding the highest fees.