Indonesia’s MPM to boost auto rental exposure, preps IPO
Mitra Pinasthika Mustika (MPM), the Indonesian motorcycle distributor in which Affinity Equity Partners and Saratoga Capital invested around $100 million last year, is looking to boost its car rental business. The comes as the company prepares to raise up to $150 million through an IPO.
MPM has INR500 billion ($51 million) on its books to finance an acquisition and Koji Shima, the company's president director, said it would target a car rental group "with a huge market share," the Jakarta...
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