Cambodian private equity firm Leopard Capital buys majority stake in beer brewery for $2m

Leopard Capital, a Cambodian private equity firm, has completed the fourth deal from its $27m debut vehicle Leopard Cambodia Fund by investing $2m in Kingdom Breweries.

LCF will acquire a 55.5 per cent share of the brewery for its investment.
The company, a Cambodian beer brewer, believes that with half the country’s population under the legal drinking age limit, consumption should shoot up over the next five to ten years.

Kingdom Breweries aims to secure a foothold by producing high-quality craft beer in a microbrewery in the Cambodian capital of Phnom Penh.

The fund’s previous transactions include a $1m investment in Greenside Holdings, which is part of a consortium of investors that is refurbishing, designing, constructing and commissioning a rural power transmission and distribution system.

LCF has also put $1.8m into Cambodia Plantations, a Singapore-based company which serves as an offshore finance vehicle for agricultural investments in central Cambodia.

The Leopard Cambodia Fund was launched in March 2008 and is targeting sectors in the financial services, agriculture, food and beverage production, building materials, tourism, and property development in the south-east Asian country.