Standard Chartered PE re-ups in Indonesia’s Navigat
Standard Chartered Private Equity (SCPE) has invested an additional $25 million in Navigat, an Indonesian company that develops independent power systems for off-grid locations. The equity commitment came in conjunction with a $279 million debt refinancing and the combined proceeds will be used to accelerate Navigat’s plan to achieve 1,000 megawatts of operating capacity by 2015.
SCPE first invested $58 million in January 2012 through the Standard Chartered IL&FS Asia Infrastructure Growth Fund, a 2008 vintage vehicle with a corpus of $658 million. Navigat is Indonesia's leading...
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