VIDEO: Ancora International's Veronica Lukito
Foreign direct investment in Indonesia reached a record $20 billion in 2011 and M&A transactions came in at $9 billion for the 12 months to January 31. The country’s stock market has gained close to 200% since 2009. The influx of capital has yet to be fully reflected in private equity investment figures, but deal-makers have noticed a significant rise in valuations
"These days with a lot of competition that becomes an issue, particularly with deals that are intermediated," says Veronica Lukito, CEO of Ancora International. "But if you look in the mid-cap space there...
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