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Lippo Group, founded by overseas Chinese-Indonesian Mochtar Riady in 1950, is one of Asia's leading diversified conglomerates controlling in excess of US$15 – 20 billion estimated assets with significant investments in retailing, media, real estate, hospitality, financial, energy, IT, and healthcare industries. The group's flagship operating platforms include Overseas Union Enterprise, Lippo Karawaci, Hypermart, Matahari Department Store, Siloam Hospitals, Jakarta Globe, Investor Daily, First Media, First REIT, LMIR REIT, Auric Pacific, and Lippo Incheon Development among others. Lippo Group operates in Indonesia, China, United States of America, Canada, Singapore, Hong Kong, Macau, South Korea, The Philippines, and Australia primarily. The group operates through both listed and privately held companies and run by international and local industry professionals. Lippo Group has a successful track record and partners with leading global institutions such as CVC Capital, Temasek, GIC, AIG, Khazanah, Mitsui, Clarity Partners, RZB Bank, among others.
National University of Singapore - Business School
unveiled its new home yesterday. It was witnessed at a soft launch by some alumni from the first BBA class of 1968 as well as the business school's management advisory board members, including S Dhanabalan, chairman of Temasek Holdings; Hsieh Fu Hua, managing partner of PrimePartners Group; and Liew Mun Leong, president and CEO of CapitaLand Group. The Mochtar Riady Building is named after the founder and chairman of the Lippo Group, in recognition of its $21 million contribution to the business school. The new 16,500 square metre building cost $65 million to build and will house the business school's main faculty staff, with newer facilities also available for students. The building was awarded the BCA Green Mark Gold Award by the Building and Construction Authority for its energy and water-efficient design. The opening of the new building marks a departure from the Business 1 Block, which will be handed over to the School of Computing, with the Business 2 Block continuing to accommodate 70-80 per cent of the faculty's 2,500 students. NUS president Tan Chorh Chuan said: 'With the top-notch facilities in the Mochtar Riady Building, the NUS Business School is well poised to distinguish itself as a leading business school with a global orientation, rooted in Asia.' 
Yale University - National University of Singapore College
Dr Stephen Riady makes $25 million gift to NUS Prominent businessman and Indonesian tycoon Dr Stephen Riady has donated $25 million to NUS. The chairman of the OUE (Overseas Union Enterprise) Group is a firm believer in a liberal arts education. The donation comes from the Stephen Riady Group of Foundations, which was launched at the Credit Suisse Philanthropists Forum 2012, and will support University Town and Yale-NUS College. 
Jane Lu, from the National University of Singapore’s Business School, has been appointed to be the first holder of the James Riady Chair in Asian Business and Economics at the University of Melbourne. The chair is funded by Indonesian businessman James Riady, who is an alumnus of Melbourne’s Faculty of Business and Economics. Professor Lu will play a role developing Asian-focused teaching and development activities.
University of Southern California
Mochtar Riady, chairman of the Lippo Group – one of the largest privately owned banking and financial services companies in Asia – has been elected to the Board of Trustees.
Riady, a citizen of Indonesia, is the first foreign national to serve as a trustee of a major research university in the western United States.
“The addition of Dr. Riady to our board reflects the university’s increasing interaction with the Pacific Rim and the world,” said president Steven Sample. “His commitment to education has helped create opportunities for young people on both sides of the Pacific. And as a trustee of the university, Dr. Riady will heighten USC’s contribution to a region that has turned to the premier American universities to train its best and brightest.”
As chairman of the Lippo Group, Riady oversees a wide range of private and public companies with interests in banking, insurance, finance, manufacturing and urban infrastructure development projects, including major investments in Indonesia, Hong Kong, the People’s Republic of China and other Asian countries.
Riady is chairman of the Asian Bankers Association and serves on the boards of Trisakti University, in Jakarta; the Satya Wacana Christian University of Indonesia; the Indonesian Banking Education Foundation and the Friends of the Environment Fund.
A major contributor to the economic growth of Indonesia, the Lippo Group has also been involved in educational development. School systems and universities are integral to three of the group’s latest urban development/new township projects – Lippo City, Lippo Village and the Royal Sentul Highlands, located in suburban Jakarta.
Riady, whose parents emigrated to Indonesia from China’s Fujian province, was born in Malang, East Java, Indonesia. His business success story is classically entrepreneurial: Riady began as the proprietor of a bicycle shop in central Java, and in the subsequent 40 years has parlayed his original investments into a multinational enterprise with a market capitalization of more than $3 billion.
Riady attended the Eastern College of Chung Yang University, in Nanking, China.
Riady and his wife, Sury-awaty, have six children, including son Stephen, 34, a graduate of the School of Business Administration, who with his brother now runs some of the Lippo Group’s major operations.
Pelita Harapan Foundation - Education
Pelita Harapan Foundation was founded by the Riady family. The Foundation schools educate children in three socioeconomic levels. Its vision is to establish 10 elite, private Christian schools that prepare students to study at any international university. It also desires to establish 100 schools for children in a middle-class socioeconomic level and 1,000 schools for Indonesians in rural villages.
Corban University has formed an accreditation agreement with the Teachers College of Universitas Pelita Harapan (UPH), a top-ranked Indonesian university located in Lippo Karawaci, a township near Indonesia’s capital city, Jakarta. With approximately 12,000 students and internationally recognized programs, UPH is a globally influential institution. Sheldon Nord ’82, Corban board member and former president of UPH, said, “It was James Riady’s vision, along with Johannes Oentoro, to provide a quality Christian education to meet the needs of the country’s various socioeconomic levels.” Riady, a Chinese-Indonesian, established the Pelita Harapan Educational Foundation, or the Educational Foundation of Hope and Light. Nord continued, “The Riady family made a big commitment in that they give of their own resources to subsidize the Pelita Harapan [Foundation] schools, which are non-profit.” To staff these schools, the Teachers College was born as an entity of UPH. 
Matahari Department Store
Matahari is Indonesia's largest department-store chain by sales, with a 32% market share. The chain, which sells affordable fashion, has 116 stores across Indonesia, its share-offer document said. CVC bought an 80% stake in Matahari in April 2010 for US$770 million from Indonesia's Riady family, which owns most of the rest of Matahari's shares.
Private-equity firm CVC Capital Partners has raised around US$1.3 billion from selling nearly half of its stake in Indonesian retailer Matahari Department Store, LPPF.JK +1.28% people with knowledge of the deal said Friday. The reaction to the share sale—so far nearly five times oversubscribed, one of the people said—reflects continued strong demand for assets in Southeast Asia, especially in consumer sectors, due to robust national economies and growing, increasingly affluent middle classes. Indonesia is one of the region's fastest-growing markets, with a middle class estimated at 130 million people by the World Bank. The country's economy is expected to grow by up to 6.8% this year. CVC, which owns around 80% of Matahari, will sell 1.17 billion shares for 10,850 Indonesian rupiah (US$1.12) each, the middle of its indicated price range of 10,000-11,250 rupiah each, people with knowledge of the deal said.
The Riady family, which owns Multipolar via its parent, the Lippo Group, has said it would seek a partner to help open 80 new stores across the country over the next five years. A unit of Singapore state investment company Temasek Holdings plans to buy 26.1% of Indonesian retailer PT Matahari Putra Prima, MPPA.JK 0.00% highlighting Indonesia's growing attractiveness to institutional investors due to its increasingly affluent middle class. The unit, Anderson Investments, will offer up to 2.9 trillion rupiah (US$300 million) to buy public shares in Matahari Putra, majority stakeholder PT Multipolar MLPL.JK -1.72% said in a statement Tuesday. Multipolar added that it will maintain its 50.2% stake in the retailer. A Temasek spokesman confirmed the investment plan. Temasek's investment in Matahari—which operates 80 hypermarkets in more than 52 Indonesian cities, targeting mostly middle-class buyers—is in line with its strategy of tapping sectors that benefit from rising middle-class income in emerging markets.
Temasek has been linked to another Indonesian "Matahari" with a connection to the Lippo Group—Matahari Department Store. In January, The Wall Street Journal reported that private-equity firm CVC Capital Partners is seeking cornerstone investors for a planned $1.5 billion share sale in the department store chain, and bankers have approached Temasek, among others. CVC owns about 80% of Matahari Department Store, while the Riady family owns most of the rest, after selling a stake to CVC in 2010 for $770 million. 
Overseas Union Enterprise
OUE, as the company is known, started its buying spree with $1.1 billion of assets when Riady invested in 2006, according to data compiled by Bloomberg. The properties it plans to buy over the next three to five years will help develop a base for property trusts and other investment vehicles, he said. OUE last year bought the Crowne Plaza Singapore, which is connected to Singapore’s Changi Airport, and completed the rebuilding of its OUE Bayfront office development fronting the downtown Marina Bay. The company also acquired DBS Towers One and Two in the city-state’s financial district.
Lippo Group, the Indonesian conglomerate controlled by developer Mochtar Riady, is seeking acquisitions to almost double the assets of its Singapore unit to S$10 billion ($8.1 billion) in as early as three years. Overseas Union Enterprises Ltd. (OUE), which gets about 65 percent of its revenue from hotel operations, is planning at least one investment a year in Singapore to boost property holdings that include office towers, luxury apartments and malls, Stephen Riady, the company’s chairman, said in an interview in Singapore.
Indonesia's Lippo Group has taken sole control of Singapore hotel operator Overseas Union Enterprise (OUE) (OVES.SI) after buying out its partner Malaysian billionaire Ananda Krishnan in a deal valued at S$957 million ($683.6 million). A Lippo spokeswoman said the Indonesian group raised its effective stake in OUE to 88.5 percent from around 44 percent after buying a 23.85 percent direct stake in OUE along with a 40 percent stake in a firm called OUE Realty from firms linked to Krishnan. OUE Realty, whose other shareholder is Lippo, owned 51.2 percent of OUE, which owns hotels in Singapore, Malaysia and China. The deal values OUE at S$11 per share and the deal is worth S$957 million, Lippo said in statement, adding it intended to retain OUE's listing on the Singapore Exchange. Shares of OUE, whose best-known properties are the five-star Meritus Mandarin and Marina Mandarin hotels in Singapore, rose 33 percent following news of the transaction.
PT Lippo Karawaci Tbk ("Lippo Karawaci") was founded on a vision to impact lives through the development of well-planned sustainable independent townships within green environments and first class physical and social infrastructure.
Over more than a decade, the Company has proven itself to be a highly trusted property developer with a most recognisable brand name. It is the owner of the largest diversified landbank and a leader in pioneering projects in strategic locations throughout Indonesia.
Through a merger of 8 property related companies in 2004 the Company has expanded its business portfolio to encompass urban development, large scale integrated developments, retail malls, healthcare, hotels and leisure, as well as a fee-based income portfolio.
Lippo Karawaci is now the largest listed property company in Indonesia by market capitalisation, assets and revenue, with a unique and integrated business model. It operates Indonesia’s premier private hospital group, the only one achieving world class standards, and is an undisputed retail property industry leader.
Lippo Malls Indonesia REIT
Lippo Malls Indonesia Retail Trust (“LMIR Trust”) is the first and currently the only Indonesian retail estate investment trust (“REIT”) listed on the SGX-ST since 19 November 2007, which aims to provide exposure to Indonesia’s growing economy and expanding retail property sector. It is established with the principal objective of owning and investing, on a long term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes. The Trust Manager’s focus is to maximize return on the assets by maintaining high occupancy, balanced property and tenant diversification across the portfolio, through proactive asset management of the retail malls and spaces. As at 31 December 2012, LMIR Trust’s portfolio comprises sixteen (16) quality retail malls (collectively, the “Retail Malls”) and seven (7) major retail spaces located within other malls in Indonesia (collectively, the “Retail Spaces”). All of these properties are located in Indonesia with a combined net lettable area (“NLA”) of 719,695 sq m and has a valuation of approximately S$1.8 billion. 
Since its listing on the Singapore Exchange in 2006, First REIT has been growing its portfolio of healthcare assets which today, stands at 12 properties in Indonesia, Singapore and South Korea. The momentum of acquiring assets has been increasing in recent years, most recently being a newly-opened hospital in Makassar and an integrated hospital and hotel in Manado, Sulawesi. Moving ahead, First REIT’s Sponsor, PT Lippo Karawaci Tbk, continues to have a strong pipeline of 17 hospitals for First REIT to potentially acquire in Indonesia. Coupled with its relentless pursuit of other yield-accretive, quality healthcare assets in Asia, First REIT is well on track to increasing its assets under management from the current about S$800 million to its target of S$1 billion in the short-to-medium term. 
Lippo Star Satellite
Indonesian conglomerate Lippo Group is launching a satellite for broadcast and telecommunication services. The Lippo Star satellite will be launched from French Guiana and is being launched in cooperation with Japan's Sky Perfect JSat Corporation and the Mitsui Group, a Japanese conglomerate. With the new satellite, the group hopes to increase its television subscribers. 
Private equity firm CVC CVC.UL will invest 2.35 trillion rupiah (165 million pounds) in the cable TV and internet units of Indonesian media firm PT First Media (KBLV.JK) in a strategic partnership deal, First Media said on Tuesday. The deal marks the second investment by CVC in a Lippo Group firm and in Indonesia, after its $790 million purchase of a department store chain last year, and reflects investor interest to tap domestic demand in Southeast Asia's biggest economy. First Media, controlled by Lippo Group, one of Indonesia's biggest conglomerates, said CVC will invest in PT Link Net, a unit that provides high-speed internet, cable pay TV and data communication services, and will get a 49 percent stake in the unit.
Indonesia's Lippo Karawaci may sell as much as 49 percent of its unit Siloam Hospitals in a deal that would value the firm at more than $1 billion, drawing a slew of private equity firms to the sale as they bet on growth in healthcare spending in Southeast Asia's biggest economy, sources said.
Indonesia has one of the world's lowest healthcare spending-to-GDP ratios, but its rising middle class - which represents more than half of its population of 240 million - is expected to sharply increase its medical spending and drive growth in the sector over the coming years.
The country, which has Asia's third-largest population, is also starting to attract more private equity firms such as Blackstone Group L.P. and KKR & Co L.P. as they seek chances to invest in the region's fast-growing economies.
Lippo Karawaci, a property firm controlled by the billionaire Riady family via its global conglomerate Lippo Group, plans to sell a minimum of 20 percent of unit Siloam for between $200 million and $300 million, and has hired Bank of America Merrill Lynch to run the auction, sources with direct knowledge of the matter told Reuters. First round bids are due on July 16, two of the sources said.
Lippo could sell as much as 49 percent of Siloam, Indonesia's largest private healthcare operator, if the bids match its target valuation of over $1 billion, one of the sources said.
The stake in Siloam is attracting early interest from Bain Capital, Blackstone and KKR, banking sources told Reuters. Other private equity funds showing an interest in bidding include Carlyle Group and TPG Capital with its affiliate Northstar, the sources said.
Sources declined to be named as the discussions were private. Bain and Carlyle declined to comment. Lippo Karawaci spokesman Danang Kemayan Jati declined to comment.
BofA, Blackstone, KKR, TPG did not respond to requests for comment.
The Riadys, who are looking to raise money to expand their business, have previously looked at an IPO for Siloam, and it is not certain they will proceed with a sale if valuations do not meet their expectations.
The Siloam Hospitals group, which represents around 30 percent of Lippo Karawaci's asset value, operates nine hospitals and is currently building four new ones.
"The Riadys expect Merrill to come back to them later this month to get a clearer sense of demand and valuation from investors," one of the sources said. "If the valuation is not as expected they may delay the plan until next year."
The auction will test investor appetite for Indonesia's $23 billion healthcare sector, but the country's stability and its growth potential, as well as expectations that its middle class will drive growth in coming years, are drawing global private equity funds into the country.
KKR and Blackstone are among the funds that are establishing Singapore offices and building teams to boost their Southeast Asia investments, including in Indonesia.
Bain Capital is also looking to hire executives as competition heats up for a new wave of investing opportunities in countries from Vietnam to Malaysia.
Carlyle and TPG have long-established deal teams for Southeast Asia, and TPG has made a number of investments in Indonesia, including a majority stake in PT Bank Tabungan Pensiunan Nasional Tbk, valued around $1.3 billion.
Private equity funds see Indonesia's large family-run conglomerates as potential targets to acquire non-core businesses, and the Lippo Group has previously sold assets to CVC, including PT Matahari Department Stores, and a 49 percent stake in cable TV and Internet firm PT Link Net.
Private equity-backed acquisitions are down in all sectors in Asia year to date except healthcare, where year-on-year deal value doubled in the first half of 2012 to $669 million, according to recent Thomson Reuters data.
KKR has already completed two healthcare-related deals so far this year. In April the firm agreed to invest $65 million to acquire 24 percent of China Cord Blood Corp, and last month agreed to buy a majority stake in Australian healthcare firm GenesisCare in a deal which valued the company at up to A$600 million ($617 million).
- Putian University Haiwai Program