CVC Said to Explore Soho Global Stake Sale at $650 Million Value

CVC Capital Partners Plc is considering selling its stake in PT Soho Global Health in a transaction that could value the Indonesian firm at about $650 million, according to people with knowledge of the matter.

CVC is working with a financial adviser and has reached out to potential bidders, the people said, asking not to be identified because the process is private.

CVC owns Medisia Investment Holdings Pte, which holds a stake of about 22.5% in Soho Global. Other shareholders including Soho Global’s founding family could also consider selling, the people said, adding that as much as a controlling stake ...