Indonesia’s new president is still carrying goodwill from the investment community and has made some reassuring moves. Now investors are waiting to see if the new direction will pay off
Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital last year. CEO William Tanuwijaya charts the journey
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
Indonesian e-commerce portal IndoTrading has raised $1.5 million in a Series A round of funding led by OPT SEA, the Southeast Asian investment arm of Japanese e-marketing firm OPT.
Rocket Internet has participated in a Series A round of funding for Indonesian online wedding marketplace Bridestory. The size of the investment was not disclosed, but it is said to be between $1 million and $10 million.
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)
Warburg Pincus plans to invest $125 million into a joint venture (JV) formed with Indonesian property developer Nirvana Development to build shopping malls in the country.
YJ Capital - the corporate VC arm of Yahoo! Japan - has announced the launch of its second fund, which has made its first investment in Indonesia fashion flash sale site VIP Plaza.
CVC Capital Partners has reportedly reduced its stake in Indonesia’s Matahari Department Store from 14% to around 2% after making two separate sales.
Southeast Asia-focused healthcare investor Quadria Capital, which is expected to close its latest fund in the next two months, has taken a minority stake in Indonesian drug manufacturer Soho Global Health.
Indonesia-focused GP Saratoga Capital has lost two of its five partners, with Eri Reksoprodjo departing the firm at the end of December and Nigel Khoo scheduled to leave in February.
KKR expects to see increasing restructuring and recapitalization opportunities in China as the country’s role in the global economy adjusts, resulting in a sustained period of slower growth.
Jakarta-based VC firm Convergence Accel has launched a $25 million debut fund that will invest in Indonesian early-stage technology companies.
Softbank's first investment in Alibaba Group came 14 years ago. The initial $20 million was followed by around $80 million more, and by the time of Chinese e-commerce giant's IPO earlier this year, the Japanese tech firm held a 32.4% stake. This holding...
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Link Net, an Indonesian fixed-line broadband and cable TV operator in which CVC Capital Partners is an investor, has reduced the size of its planned share placement.
SoftBank will lead a $100 million round of funding for Tokopedia, an Indonesian online marketplace. Sequoia Capital will also participate alongside existing investor SB Pan Asia Fund.
CIMB Private Equity has paid approximately $25 million for a 10% stake in the owner and operator of the 7-Eleven convenience store franchise in Indonesia.
CVC Capital Partners is set for a partial exit from Link Net, Indonesia’s second-largest fixed-line broadband and cable TV operator, through a share placement.
Southeast Asia-focused e-commerce investor Ardent Capital has received $12.5 million in funding led by Indonesian conglomerate Sinarmas. Existing backers also participated.
KKR will acquire a further 10% of Indonesian rice and noodle producer Tiga Pilar Sejahtera Food (TPSF) for IDR658 billion ($55 million). The PE firm first invested in TPSF last year, representing its first deal in Indonesia.
KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director with responsibility for Indonesia. He will also work on the firm’s credit and special situations initiatives in Southeast Asia.
Creador has reached a final close on its second fund at the hard cap of $300 million. A rush of late commitments saw the Southeast Asia and India-focused GP exceed its projected $275 million total.