Privately held companies of Cambodia

The following companies are all owned by Leopard Capital a private equity firm in Cambodia:
CamGSM
CamGSM operates Cambodia’s largest mobile telecom network, through its Mobitel and Cellcard service brands. The Company's principal activities focus on delivering GSM mobile telecommunication products that include local, long distance and international communications services, as well as internet services.
Operations
CamGSM’s wholly owned subsidiary, Mobitel, operates the Cellcard brand service and has established a reputation as the market leader since 1997, delivering superior telecommunication services.
History
CamGSM was recently a joint venture between Millicom Holdings Cambodia B.V a company incorporated in Netherlands with a 61.5% shareholding, and the Royal Group, a company incorporated in Cambodia with a shareholding of 38.5%. In August 2009, the Royal Group announced it had agreed to pay US$346 million for Millicom’s 61.5% share.The $421 million senior secured acquisition loan for this transaction was arranged for CamGSM by Standard Bank Plc. and Australia and New Zealand Banking Group Limited, with Leopard Cambodia Fund providing $5 million of the financing. This deal was considered the largest and most complex syndicated loan in Cambodian history and was named Telecomfinance's 2009 Asia Deal of the Year.
ACLEDA Bank
ACLEDA Bank is a privately owned bank based in Phnom Penh, Cambodia with 232 branches nationwide, the most in Cambodia, and 7,024 staff members across all provinces and towns in the Kingdom of Cambodia and five provinces in Laos. ACLEDA has more than $900 million in total assets and ranks number one in deposits at over $670 million, with over $530 million in loans outstanding.
History
ACLEDA was established in January 1993, as a microfinance institution (MFI) for micro and small enterprise development and credit. By 1998, the MFI was operating at a profit ensuring its sustainability, which led both its board and international partners to conclude it should be transformed into a commercial bank. With assistance from USAID, MPDF, IFC and UNDP, amongst others, a three year program for transformation to a commercial bank commenced in 1998. This transformation resulted in the bank receiving a Specialised Bank license on October 7, 2000 and then on December 1, 2003 ACLEDA Bank Ltd received a full Commercial Bank license and changed its name to ACLEDA Bank Plc. In 2004, ACLEDA Bank Plc. was assigned first-time ratings by Moody's Investors Services, the first bank in Cambodia to receive an international credit rating, and in December 2007 it also received first-time ratings by Standard & Poor's Corporation. On February 1, 2007, ACLEDA Bank Plc. joined the International Finance Corporation's Global Trade Finance Program, providing the bank with guarantees over their trade obligations and allowing ACLEDA to extend its trade finance service offerings. In 2008, ACLEDA Bank Lao Limited opened with 3 branches in Laos.
Ownership
In accordance with Licence N° 01/BIS issued by the NBC on December 1, 2003 and Approval N° 052 issued on January 12, 2004 by the Ministry of Commerce, the Bank increased its total registered share capital from US$4,000,000 to US$13,000,000. Issued share capital was subsequently increased in 2006 to US$30,000,000 and in 2009 to US$68,150,000.
Current shareholders include: ACLEDA NGO = 32%, ACLEDA Staff Association Plc (ASA) = 19%, DEG German Investment Corporation = 12.25%,
Jardine Matheson = 12.25%, IFC = 12.25%, Triodos Doen = 6.14%, Triodos Fair Share Fund = 6.11%,
In February 2010, ACLEDA Staff Association Plc. (ASA) announced the sale of 7.7% of ASA's issued shares to an investment syndicate led by Leopard Capital's Leopard Cambodia Fund, making it an indirect shareholder in ACLEDA Bank.
Competition
ACLEDA Bank's main competitors are ANZ Royal Bank, Cambodia Public Bank, Canadia Bank, Maybank Phnom Penh, and Vattanac Bank.
Rating
ACLEDA was issued a Counterparty Credit Rating in November 2008 of B+/B with a stable outlook by Standard & Poor's. Moody's Investors Services issued ACLEDA a B1 rating with a stable outlook in June 2009.
Kingdom Breweries
Kingdom Breweries (Cambodia) Ltd. was established in 2009 to produce and market a range of premium beers in Cambodia. The company was conceived by Patrick Davenport and Douglas Claytonof investment firm Leopard Capital who recruited Peter Brongers to write the business plan and turn it into reality. It became a start-up venture of Leopard Cambodia Fund, Cambodia's first private equity fund, which holds 55% ownership. Kingdom Breweries has converted the former Nestle beverages plant located on Phnom Penh’s north-end riverfront into a showcase microbrewery. Through large open windows one can look inside and see the brewery in action. The building was originally designed by Mr. Uk Sameth of the School of Vann Molyvann in the late sixties, in the "New Khmer Architecture" style, functional but with clear Khmer elements. Visitors are invited to tour Kingdom’s state-of-the-art European production facility to learn how beer is brewed and bottled, before sampling Kingdom’s products in the upstairs TapRoom overlooking a panoramic river view.
Founding CEO Peter Brongers assembled a team of renowned beer experts to produce an exceptional product. Chairman and Senior Advisor Jim Napier is a retired Carlsberg executive with 52 years of brewery management experience, including overseeing the creation and launch of Beer Chang, which became the top-selling beer in Thailand. Kingdom’s German brewmaster, Peter Haupenthal, has built a global reputation for creating award-winning beers in five continents.
Kingdom's tagline is "Rare Quality", and its beers are named after rare or extinct animals native to Cambodia. Its first product, "Clouded Leopard Pilsener" has received strong initial reviews. AsiaLIFE Guide reports: “With a strong, crisp and slightly bitter aftertaste, Kingdom Pilsener is certainly in a different league from the regular lager. Perfect on a hot day, half a pint of the brew leaves a sense of having drunk real beer, not average dishwater.”
Kingdom Breweries' Clouded Leopard Pilsner will be "behind bars" in September 2010.
Cambodian Beer Market
Listen to Guy Delauney's report on BBC World Service: Kingdom leads the story on beer in Cambodia.
Average beer consumption in Cambodia currently stands at a lowly seven litres per person per year.The beer market here is growing very fast.
Nautisco Seafood
Nautisco Seafood Manufacturing Ltd. was established in 2007 by Nautisco Inc., a Canada-based company whose shareholders include individuals with prior seafood processing experience in Eastern Europe. Nautisco Seafood’s facility is located near Steung Hav port in Cambodia's coastal Sihanoukville province, and is Cambodia’s largest and most modern seafood processing plant.
The Company initially focuses on processing wild shrimp, but plans to later expand into other seafood products. Production commenced in September 2009, with production capacity of 10 tons of shrimp per day. The plant’s size allows future capacity expansion of up to 30 to 40 tons of shrimp per day.
The Company sources its raw materials primarily from local fishermen who net shrimp from small boats along Cambodia’s 440 kilometer coastline. In the past their catch was sold mostly to processors in Vietnam and Thailand. With the opening of Nautisco, Cambodian seafood can be exported as a finished product labeled “Made in Cambodia”, with the local economy capturing the entire value chain. In addition, Nautisco Seafood’s presence as a local, modern seafood processing plant may encourage other entrepreneurs to invest in prawn farms and fish farms, further expanding the industry.
The Company currently distributes its finished products in Cambodia, but is planning to export to Japan and Korea, and later North America and Europe.
Nautisco Seafood is 31.48% owned by Cambodia's first private equity fund, Leopard Cambodia Fund.

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