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.
Telkom, the biggest information and communication operator in Indonesia, plans to invest $200 million in technology start-ups.
CVC Capital Partners is expected to raise as much as $300m as it further cuts its stake in Indonesian retailer Matahari Department Store.
Armstrong Asset Management has agreed to invest $22.5 million in a portfolio of Indonesia-based mini hydro-electric plants being developed by Inti Duta Energi, a subsidiary of Jakarta-listed construction company Nusa Konstruksi Enjiniring (NKE).
Southeast Asia’s emerging buyout opportunity represents a localization challenge for private equity firms as they try to distribute resources in order to maximize potential deal flow, industry participants told the AVCJ Singapore Forum.
Southeast Asia-focused GP Northstar Group has reached a first close of approximately $500 million on its fourth fund.
Indonesia Infrastructure Finance - a vehicle owned by the Indonesian government and several development finance institutions (DFIs) - has invested $12.5 million into a subsidiary of gas power plant developer Maxpower.
Singapore-based private equity firm Tembusu Partners has invested $7.5 million in Param Mitra Coal Resources (PMCR), which owns two operating coal mines in Indonesia.
Standard Chartered Private Equity (SCPE) has agreed to invest up to $50 million to support an Indonesian healthcare business being developed by domestic media giant Emtek Group.
Indonesian mobile telecom operator Indosat and Japanese Softbank have launched a $50 million venture capital fund targeting Indonesian start-ups.
Everstone Capital, an India- and Southeast Asia-focused PE firm, has agreed to buy a majority stake in the Indonesia franchise for Domino’s Pizza from domestic retailer Mitra Adiperkasa (MAP).
SSG Capital Partners has closed its third Asia special situations fund at the hard cap of $915 million after approximately five months in the market.
Supported by Standard Chartered, Indonesia-based Navigat has evolved from a gas power equipment distributor into a fully-fledged independent power provider, serving geographies that others can’t reach
The Carlyle Group has opened has expanded its Asia presence to Indonesia, opening an office in Jakarta, its ninth in the region.
International Finance Corporation (IFC) will partner clean energy-focused investor Asia Green Capital Partners (AGCP) in backing renewable energy projects in Southeast Asia, particularly Indonesia.
Indonesia-focused PE firm Mahanusa Capital and Gunung Sewu Group have invested $21 million in Navigat Group, a distributed power plant developer and power equipment distributor in Southeast Asia.
Investors often cite elections as impediments to deal flow, as applications are delayed or applications held over until votes are counted. With Indonesia and India preparing for elections, what does it mean for PE?
Private equity investors are playing wait-and-see in Indonesia ahead of the country’s parliamentary and presidential elections this year, but they expect activity to rebound, in part driven by a more favorable economy and moderating valuations.
Creador is in the process of raising its second fund, which has a target of $250 million, to be deployed in Indonesia, Malaysia and India. CEO Brahmal Vasudevan explains where the firm is investing and why
With bumper LBOs few and far between, banks see limited opportunities for leveraged finance in Indonesia. And in the prevailing economic climate, they aren’t generous at acquisition or operating company level
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
Indonesia appears to have weathered the worst of its recent economic storms, but the route towards long-term sustainable growth has yet to be mapped out. PE investment theses rely on sensible navigation
Limited partners around the globe are now returning to private equity opportunities in developed Western markets, especially those of the US, a number of recent surveys indicate. Asian private equity, and Southeast Asia in particular, has fallen a few...