Indonesia

Creador brews 2x return on OldTown

Malaysia's OldTown White Coffee has unusual origins. The brand came into existence in 1999 as a range of pre-mix instant beverages, offering creamer, coffee and sugar in a single sachet. It was only in 2005 that the company decided to venture into the...

Carlyle hires UBS banker to open Indonesia office – report

The Carlyle Group plans to become the first global buyout firm to open an Indonesia office and has hired a banker from UBS to lead its efforts in a country that has so proved difficult to navigate for many larger PE players. Carlyle completed its first...

Saratoga-owned Mandala Air eyes expansion

Saratoga Capital-owned Mandala Airlines plans to quadruple the size of its fleet by 2014 in order to boost its share of a rapidly expanding Indonesian aviation market, driven by the country’s emerging middle class.

Olympus Capital launches Asia structured credit business

Olympus Capital Asia is entering the structured credit space, with a particular focus on Southeast Asia, India and Australia. Daniel Mintz, the private equity firm’s founding managing director, believes the pullback by commercial banks combined with entrepreneurs’...

Indonesia mid-market: It's who you know

Although not overrun with GPs, Indonesia’s mid-market is difficult to penetrate. Access to local networks through which deals can be sourced is a good first step. After that, it’s entrepreneur management

Indonesia fundraising: Reality check
Indonesia fundraising: Reality check

Few Indonesia-focused GPs that sprung up in recent years have made headway. It points to a still immature local market and recognition amongst LPs that they can get exposure to the country in other ways

PE recruitment: New territory, new talent

Indonesia has become a priority for global and regional PE firms looking to source deals in a high-growth market. The first step is finding the right people, and it’s not easy

CVC-backed Matahari launches $1.3b offering

CVC Capital Partners and its local partner are seeking up to $1.36 billion through a partial exit from Indonesian retailer Matahari Department Store. The deal values Matahari at $3.4 billion, which means the private equity firm stands to make a substantial...

TPG, Northstar approached for BTPN stake - report

Japanese banks Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are said to be among potential suitors approaching TPG and Northstar Pacific Partners with a view to acquiring their stake in Indonesia's Bank Tabungan Pensiunan Nasional (BTPN). The PE firms'...

AVCJ hosts Indonesia webinar

Leading investors will debate whether Indonesia deserves its status as Asia’s fastest-rising private equity market at an AVCJ webinar on March 5. It will begin at 4 p.m. (3 p.m. Jakarta time) and will last for approximately 45 minutes. Audience members...