Indonesia: Poultry firm Charoen Pokphand to acquire local 7-Eleven operator


Publicly-listed Charoen Pokphand Indonesia has announced a plan to acquire the local operator of 7-Eleven convenience stores, Modern Sevel Indonesia, for Rp 1 trillion ($75 million). The purchase is expected to be completed in June, Charoen said in a statement. Modern Sevel has a total of 175 7-Eleven outlets as… Read more »

Saratoga Group’s Sandiaga Uno elected Jakarta’s deputy governor, company stock up

Sandiaga Uno, one of the owners of Indonesia-focused Saratoga Capital, has been elected deputy governor of Jakarta. Uno was running with former education minister Anies Baswedan and secured a comprehensive victory, according to quick count polls on Wednesday. Publicly-listed Saratoga Investama Sedaya enjoyed almost 10 percent hike, before going back… Read more »

Pence announces 11 deals valued $10b between U.S., Indonesian companies

Vice President Mike Pence announced 11 major deals valued at more than $10 billion between U.S. and Indonesian companies.

Saratoga-backed MGM Bosco aims to grow three fold in next two years, plans 2020 listing

Saratoga-backed MGM Bosco plans to invest over $35m in Indonesia for expansion.

Indonesia: Kresna acquires 17.6% stake in digital kiosk firm M Cash Integrasi

Publicly-listed Kresna Graha Investama on Tuesday announced that its unit Kresna Usaha Kreative (KUK), also known as Kresna Creativeventures, has acquired a 17.6 per cent stake in digital kiosk firm M Cash Integrasi (MCI). The value of the deal was undisclosed. The collaboration with MCI is aimed to pave the way… Read more »

Indonesia: Go-Jek to raise additional $1b to compete with Uber, Grab

Go-Jek is looking to raise capital at a pre-money valuation of $2b.

Indonesia startup Brilio embraces shift in media habits driven by millennials

KLN-backed Brilio eyes fundraising and has SE Asia expansion plans.

Indonesia: General Atlantic-backed Starbucks operator MAP Boga mulls IPO this year

The transaction with MAP marked GA’s first venture in Indonesia.

IFC to extend $35m debt to Indonesia’s Indosurya Inti Finance

Indosurya now operates with an asset base of $230 million.

Exclusive: Indonesia’s raises Series A from 500 Startups, others

The round values the firm at around $10 million