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Asset/Investment Management
ashmoregroup.com

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Investments

6

Portfolio Exits

2

Funds

9

About Ashmore Investment Management

Ashmore Investment Management Limited is a UK based investment manager dedicated to emerging markets. As of March 2011, the group manages US $50 billion in pooled funds, segregated accounts, and structured products. The team employs a liquidity-focused and value-driven strategy targeting total return.

Ashmore Investment Management Headquarter Location

61 Aldwych

London, England, WC2B 4AE,

United Kingdom

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Latest Ashmore Investment Management News

Ashmore Funds to Sell Pakistan Coca-Cola Can Maker Stake Via IPO

Apr 22, 2021

Apr 22 2021, 1:40 PM April 22 2021, 12:49 PM April 22 2021, 1:40 PM (Bloomberg) -- A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake in drink packaging manufacturer Pakistan Aluminium Beverage Cans Ltd. in an initial public offering in June. (Bloomberg) -- A group of funds managed by Ashmore Investment Management Ltd. are planning to sell part of their stake in drink packaging manufacturer Pakistan Aluminium Beverage Cans Ltd. in an initial public offering in June. The U.K.-based asset manager’s funds are looking to sell a 26% stake in the firm through a first-time share sale in Karachi that could raise at least 3.3 billion Pakistani rupees ($22 million), PABC Chief Executive Officer Azam Sakrani said. The funds are selling the rest of their 51% holdings in the can maker through a private placement to local investors that includes a current shareholder, according to Syed Saquib Ali, director of investment banking at Arif Habib Ltd., the sole adviser to the IPO. Liberty Group owns 49% of the company, according to PABC’s website . The IPO would be the largest in Pakistan since steelmaker Agha Steel Industries Ltd.’s 3.8 billion rupees offering in September, according to data compiled by Bloomberg. Ashmore did not immediately respond to an emailed request for comment sent outside of regular business hours. The listing comes as the can maker is eyeing potential expansion. In a short time, PABC has become a supplier to almost all the manufacturers of PepsiCo Inc. and Coca-Cola Co. products in Pakistan as well as in neighboring Afghanistan, Sakrani said. “There is huge growing demand for cans in Pakistan and the region,” Sakrani said in an interview. “The phasing out of plastic bottles is also slowly and gradually expanding across the globe, that will benefit cans.” The beverage company, which started operations in 2017, is the only manufacturer of aluminum beverage cans in Pakistan, Sakrani said. PABC’s plant, which is located in an industrial zone of Faisalabad, can manufacture 1,800 cans a minute. The company is considering expanding its capacity to as many as one billion cans a year from its current potential output of about 600 million, given rising local demand and export prospects, he said. PABC serves more than 50% of the Afghanistan beverage market, and recently agreed to supply another two large companies in the country, he said. They have also supplied printed cans to clients in Tajikistan as well as in the U.S. including PepsiCo this month, he said. The firm is in discussions with companies in Bangladesh and sees potential in Central Asia, he added. Despite being shut for two months because of the pandemic, the company’s revenue grew by 6% to 5.1 billion Pakistani rupees last year, 35% of which came from exports, Arif Habib’s Ali said. Its net income grew by more than four times to 611 million rupees, he said. ©2021 Bloomberg L.P.

Ashmore Investment Management Investments

6 Investments

Ashmore Investment Management has made 6 investments. Their latest investment was in Siesta Group as part of their Series B on December 12, 2010.

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Ashmore Investment Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/22/2010

Series B

Siesta Group

$10M

Yes

12/22/2010

Growth Equity - II

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$99M

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10

4/30/2008

Growth Equity

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$99M

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10

11/6/2007

Growth Equity

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$99M

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10

Other Investors

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$99M

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10

Date

12/22/2010

12/22/2010

4/30/2008

11/6/2007

Round

Series B

Growth Equity - II

Growth Equity

Growth Equity

Other Investors

Company

Siesta Group

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Amount

$10M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

10

Ashmore Investment Management Portfolio Exits

2 Portfolio Exits

Ashmore Investment Management has 2 portfolio exits. Their latest portfolio exit was Arzum Elektrikli Ev Aletleri A.S. on January 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/4/2021

IPO

1

00/00/0000

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10

Date

1/4/2021

00/00/0000

Exit

IPO

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Companies

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Valuation

Acquirer

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Sources

1

10

Ashmore Investment Management Acquisitions

6 Acquisitions

Ashmore Investment Management acquired 6 companies. Their latest acquisition was Avenida Capital on September 11, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/11/2018

Acq - Fin

1

4/6/2018

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$99M

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10

5/31/2017

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$99M

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10

2/5/2014

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$99M

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10

9/7/2006

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$99M

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10

Date

9/11/2018

4/6/2018

5/31/2017

2/5/2014

9/7/2006

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

Ashmore Investment Management Fund History

9 Fund Histories

Ashmore Investment Management has 9 funds, including Ashmore Emerging Markets Debt Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/23/2014

Ashmore Emerging Markets Debt Fund I

Restructuring/Distressed Debt

$110M

1

7/1/2010

FCP Colombia Infrastructure Fund

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$99M

10

4/14/2009

Ashmore Global Consolidation & Recovery Fund

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$99M

10

10/31/2007

Ashmore Global Special Situations Fund 4 LP

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$99M

10

8/1/2006

Ashmore Global Special Situations Fund 3

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$99M

10

Closing Date

7/23/2014

7/1/2010

4/14/2009

10/31/2007

8/1/2006

Fund

Ashmore Emerging Markets Debt Fund I

FCP Colombia Infrastructure Fund

Ashmore Global Consolidation & Recovery Fund

Ashmore Global Special Situations Fund 4 LP

Ashmore Global Special Situations Fund 3

Fund Type

Restructuring/Distressed Debt

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Status

Amount

$110M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Ashmore Investment Management Team

2 Team Members

Ashmore Investment Management has 2 team members, including current Managing Director, Mark Coombs.

Name

Work History

Title

Status

Mark Coombs

Managing Director

Current

Brian Zatarain

Prisma Energy, Itafos, and Enron

Executive Vice President

Former

Name

Mark Coombs

Brian Zatarain

Work History

Prisma Energy, Itafos, and Enron

Title

Managing Director

Executive Vice President

Status

Current

Former

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