Investment giant KKR buys into Indonesia food maker

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Investors George Roberts (left) and Henry Kravis of KKR are venturing into Southeast Asia

US-based private equity firm Kohlberg Kravis Roberts (KKR) said on July 22 that it has sealed its first deal in Indonesia, buy purchasing a 9.5 per cent stake in local food company PT Tiga Pilar Sejahtera Food Tbk. The company has become the latest international private equity group to invest in Indonesia’s buoyant consumer market, just weeks after raising a record $6 billion for its second Asian buyout fund.

PT Tiga Pilar Sejahtera Food is a snack food maker, expected to capitalise on rising purchasing power of the Indonesian middle class and the trend to consume more convenience food in the 240-million-people country.

The terms of the transaction were not disclosed, but reportedly the investment is worth about $42 million at current market valuations.

KKR is one of the big international private equity groups such as Blackstone, General Atlantic, Warburg Pincus and Carlyle that have been intensifying their focus on Southeast Asia in the recent past and has opened an office in Singapore lately.

The investment giant said it is looking to make further investments in sectors likely to benefit from Indonesia’s young, growing population, including consumer products, healthcare, insurance and other financial services.

 

 

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Reading Time: 1 minute

Investors George Roberts (left) and Henry Kravis of KKR are venturing into Southeast Asia

US-based private equity firm Kohlberg Kravis Roberts (KKR) said on July 22 that it has sealed its first deal in Indonesia, buy purchasing a 9.5 per cent stake in local food company PT Tiga Pilar Sejahtera Food Tbk. The company has become the latest international private equity group to invest in Indonesia’s buoyant consumer market, just weeks after raising a record $6 billion for its second Asian buyout fund.

Reading Time: 1 minute

KKR
Investors George Roberts (left) and Henry Kravis of KKR are venturing into Southeast Asia

US-based private equity firm Kohlberg Kravis Roberts (KKR) said on July 22 that it has sealed its first deal in Indonesia, buy purchasing a 9.5 per cent stake in local food company PT Tiga Pilar Sejahtera Food Tbk. The company has become the latest international private equity group to invest in Indonesia’s buoyant consumer market, just weeks after raising a record $6 billion for its second Asian buyout fund.

PT Tiga Pilar Sejahtera Food is a snack food maker, expected to capitalise on rising purchasing power of the Indonesian middle class and the trend to consume more convenience food in the 240-million-people country.

The terms of the transaction were not disclosed, but reportedly the investment is worth about $42 million at current market valuations.

KKR is one of the big international private equity groups such as Blackstone, General Atlantic, Warburg Pincus and Carlyle that have been intensifying their focus on Southeast Asia in the recent past and has opened an office in Singapore lately.

The investment giant said it is looking to make further investments in sectors likely to benefit from Indonesia’s young, growing population, including consumer products, healthcare, insurance and other financial services.

 

 

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