VIDEO: Danareksa Capital's Mohammad Afdal Pamilih
Danareksa Capital expects to see increased deal flow from Indonesian state-owned enterprises (SOE) as the government moves forward with privatization plans, said Mohammad Afdal Pamilih, the firm’s president director
Danareksa is a state-owned investment bank with a mandate to support SOE privatization and it launched private equity business to support this activity. Danareksa Capital provides a range of financing solutions that generally fall one or two stages before the SOE is ready for a public listing.
"The privatization policy in in place and now we are addressing the difficulties in execution because companies need different kinds of financing. We are trying to remove bottlenecks in the financial structures of state-owned companies," Afdal Pamilih said.
Indonesia's Ministry of State-Owned Enterprises has a program detailing which companies need to be privatized. Danareksa supports the execution of this plan but it also able to propose companies as candidates for privatization. Afdal Pamilih expects to be particularly active in consumer, renewable energy and infrastructure services sectors.
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