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.
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.
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.