KKR seals debut Indonesia deal
KKR will become the second-largest shareholder in Indonesia’s Tiga Pilar Sejahtera Food (TPSF) after agreeing to buy an approximately 9.5% stake for an undisclosed sum. The investment, which is being made through funds advised by KKR Asset Management, is the private equity firm’s first in Indonesia.
TPSF is controlled by TPS Group, which was set up as a family-owned business in Central Java five decades ago. TPSF went public on the Indonesia Stock Exchange in 2003. It is involved in food manufacturing,...
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