The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
China Minsheng Investment, a private equity firm set up last year by the former head of China Minsheng Banking Corporation, will lead a $5 billion investment in an Indonesian industrial park.
Private equity investors in Indonesia will see slow growth in the immediate future but the economy is showing signs for growth, in part due to reforms introduced by the new government, according to Sandiaga Uno, co-founder of Saratoga Capital.
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
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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...
Driven by strong demand from consumers underserved by traditional payment channels, VC and strategic investors are increasingly active in Southeast Asia mobile payment. It is too early to identify winners.