Indonesia has emerged as a priority destination for private equity managers in recent years. It is not difficult to understand the attraction. The country with a population of 250 million was unscathed by the recent financial crisis and boasts rising incomes, high urbanization levels and strong economic growth. It is an appealing investment alternative to the increasingly crowded Indian and Chinese markets.
For some, there is a bit of déjà vu about the developments in Indonesia. Private equity firms and other foreign investors were once active in acquiring local assets. Indeed, prior to the Asian financial...
Timothy Zee, a Singapore-based managing director with PAG whose primary responsibilities included deal sourcing and business development, has left the firm after 10 years.
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
CDH Investments has agreed to sell New Zealand-based supplements manufacturer The Better Health Company (TBHC) to Nestlé Health Science for an undisclosed sum.