Indonesia
Ardent invests $2.2m in Indonesia B2B portal Bizzy
Ardent Capital has committed $2.5 million to Bizzy, an Indonesian provider of business-to-business (B2B) e-commerce services.
Indonesia's Soetantyo family buys Icicle Holdings from PE
A company owned by the Soetantyo family, which has extensive interests in Indonesia’s food sector, has agreed to buy North America-based Icicle Holdings from PE firm Paine & Partners.
Maxpower gets debt, equity package from Standard Chartered PE
Standard Chartered Private Equity (SCPE) has re-upped in Indonesia-based distributed power specialist Maxpower Group, providing $60 million in equity and serving as joint lead arranger on a $222 million debt refinancing for the company.
Saratoga's Uno steps back from business, eyes politics
Sandiaga Uno, one of the founding partners at Indonesia-focused GP Saratoga Capital, is scaling back his formal corporate roles with a view to launching a career in politics.
VIDEO: Saratoga Capital's Sandiaga Uno
Saratoga Capital is focusing on infrastructure opportunities in Indonesia with a particular emphasis on power and telecommunications, according to Sandiaga Uno, one of the firm’s founding partners
VIDEO: Danareksa Capital's Mohammad Afdal Pamilih
Danareksa Capital expects to see increased deal flow from Indonesian state-owned enterprises (SOE) as the government moves forward with privatization plans, said Mohammad Afdal Pamilih, the firm’s president director
SCPE invests in TT Internationals Indonesia business
Standard Chartered Private Equity (SCPE) has invested $42 million in Singapore-based TT International's (TTI) retail electronics business in Indonesia.
Deal focus: LeapFrog seals debut Indonesia deal
Indonesia's middle class is expected to jump from 70 million in 2012 to more than 140 million by 2020 – representing more than half of the country’s population – according to the Boston Consulting Group. Financial services should benefit from this expansion,...
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
Indonesia's Kudo gets Gree Ventures, East Ventures backing
Japan's Gree Ventures and East Ventures have led a undisclosed Series A round investment in Indonesian online-to-offline (O2O) e-commerce start-up Kudo.
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
China fund to lead $5b investment in Indonesia industrial park
China Minsheng Investment, a private equity firm set up last year by the former head of China Minsheng Banking Corporation, will lead a $5 billion investment in an Indonesian industrial park.
Saratoga's Uno sees long-term benefits for Indonesian PE - AVCJ Forum
Private equity investors in Indonesia will see slow growth in the immediate future but the economy is showing signs for growth, in part due to reforms introduced by the new government, according to Sandiaga Uno, co-founder of Saratoga Capital.
Creador commits $24m to Indonesia's Bank Index
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
Elixir Capital backs Indonesian recycling firm
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
Indonesia private debt: Belt and braces
There is money to be made providing debt-based solutions to growing Indonesian companies that struggle to get financing from other sources. But enter uninformed or unprotected at your peril
Indonesia middle market: Slow-burn story
Indonesia’s middle market is a proxy for the robust services sector, but it is difficult for investors to penetrate and deal flow has been slow in recent years. Are we are about to see more?
Indonesia start-ups: Growth inflection
Indonesia has relatively incubators, angels and entrepreneurs with businesses of investible quality. Does the recent large investment in Tokopedia suggest the start-up ecosystem is now coming of age?
Indonesia reforms: The waiting game
Indonesia’s new president is still carrying goodwill from the investment community and has made some reassuring moves. Now investors are waiting to see if the new direction will pay off
Q&A: Tokopedia's William Tanuwijaya
Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital last year. CEO William Tanuwijaya charts the journey
Indonesia: Unrealistic expectations?
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
Indonesia's IndoTrading receives $1.5m in Series A funding
Indonesian e-commerce portal IndoTrading has raised $1.5 million in a Series A round of funding led by OPT SEA, the Southeast Asian investment arm of Japanese e-marketing firm OPT.
Rocket Internet delivers Series A financing to Bridestory
Rocket Internet has participated in a Series A round of funding for Indonesian online wedding marketplace Bridestory. The size of the investment was not disclosed, but it is said to be between $1 million and $10 million.
TPG, Northstar make another part exit from Indonesia's BTPN
TPG Capital and Northstar Pacific Partners have made another partial exit from Indonesian lender Bank Tabungan Pensiunan Nasional (BTPN), selling a 17.5% stake to Japan's Sumitomo Corp. for IDR5.93 trillion ($461.8 million)