Same fundamentals, better investment story
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...
Bain seeks delisting of Chindata within three years of listing
Bain Capital has submitted a USD 2.9bn take-private bid for Chindata Group, a largely China-focused data centre operator that it assembled through a buy-and-build and took public in October 2020.
Japan's J-Star buys freight forwarding company
Japan’s J-Star has acquired local freight forwarding business Japan Trust Holdings for an undisclosed sum as part of a transportation services consolidation play.
Ex-Eaton Asia head targets asset management, GP stakes
Chris Lerner, formerly of Eaton Partners and MSA Capital, has established an asset management operation that will ultimately raise an Asian fund-of-funds and teamed up with US-based Bonaccord Capital Partners to expand its GP stakes business into the...
Northstar's managing partner to become CEO of GoTo
Patrick Walujo, a co-founder and managing partner of Northstar Group, has been appointed group CEO of Indonesian super app GoTo, with the Southeast Asia-focused private equity firm telling LPs it expects minimal impact to day-to-day business.