Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
The size of the deal was not disclosed, but AVCJ understands it is towards the lower end of Archipelago’s $15-50 million transaction range. The firm is currently seeking $150 million for its debut fund....
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