Carlyle-backed Indonesian Firm plans to raise up to $400m via share sale

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Indonesia’s listed telecommunications tower operator PT Solusi Tunas Pratama, partly owned by private-equity firm Carlyle Group, plans to raise up to $400 million by selling share to institutional and retail investors, a report said, citing people aware of the developments. “Solusi Tunas will increase the outstanding shares on the stock exchange by offering shares… Read more »

China’s CCB, South Korea’s Shinhan plan to acquire banks in Indonesia

Currently at least four larger banks from China, Korea and Taiwan are looking to acquire smaller Indonesian banks, according to reports in the local media. Among the suitors is China Construction Bank Corp (CCB), which plans to buy two to three “small” Indonesian banks, an official at Indonesia’s financial regulator disclosed last Friday. The… Read more »


Creador buys 20% in Indonesian Index Selindo bank for $24m

Indonesia small bank, Index Selindo bank will be getting a $24 million capital injection from Creador Capital, a private equity (PE) firm based in Malaysia. The PE firm plans to acquire 20 per cent new shares in the index, through private placement mechanism. The capital injection will raise the bank’s core capital… Read more »


Price comparison portal Pricebook raises second round of funding from Japanese & Singaporean investors

Indonesian gadget price comparison portal Pricebook Tuesday said it had raised a second round of funding from a group of investors that include Global Brain Corporation, IMJ Investment Partners Pte Ltd and Hiro Mashita, founder & director of m&s partners Pte Ltd. The company did not disclose the amount it had… Read more »


Quadria Cap invests in Indonesian pharma co SOHO

Indonesian pharmaceutical products company, PT SOHO Global Health (SOHO), has received funding from Asian healthcare investment firm  Quadria Capital. The firm’s first private equity investment in Indonesia is aimed to increase access to differentiated medicines of high quality within Indonesia and the Southeast Asia region. According to data from the… Read more »


OPT SEA leads $1.5m Series A round for Indotrading

Indotrading, a business directory for Indonesian small and medium enterprises, has raised a series A round worth $1.5 million. Based in Indonesia, Indotrading disclosed that it had successfully raised $1.5 million in Series A funding, in a round led by OPT SEA, the Southeast Asian business arm of OPT Group, a Japanese e-marketing corporation…. Read more »


Trikomsel and SingPost form JV to tap e-commerce opportunities in Indonesia

Indonesia’s PT Trikomsel Oke Tbk, a distributor and retailer of mobile phones and Singapore Post Limited (SingPost) Monday announced a joint venture to the fast growing e-commerce opportunities in Indonesia. PT Trikomsel Oke Tbk will own a controlling stake of 67% in the JV while Singapore’s national postal service provider,… Read more »


PilihDokter to rebrand as RinkMD Indonesia, post funding

Indonesian healthcare portal PilihDokter has received funding from global healthcare tech company RingMD and will be rebranded as RingMD Indonesia. PilihDokter, an Indonesian healthcare information portal providing question-answer sessions about health problems, information about illness’ symptoms and databases on doctors and hospitals in Indonesia, has received funding in excess of $1 million from RingMD. As… Read more »


Rocket Internet leads Series A funding round in Indonesia’s Bridestory

Bridestory, Indonesian’s leading online wedding marketplace, Thursday announced that it had secured Series A funding, in a round led by Rocket Internet Group. Bridestory’s existing investors, Sovereigns Capital, East Ventures and Fenox VC also participated, along with two new investors, Skystar Capital and Lippo Digital Ventures. The companies did not disclose the… Read more »


Korea’s Yello Mobile acquires Indonesian adtech co Adplus

Korea based mobile media group, Yello Mobile has bought a controlling stake in Adplus, an adtech company in Indonesia for an undisclosed amount. Yello said it would help Adplus – which alongside Google and Innity, ranks on top in Indonesia’s digital media and advertising market – to expand regionally and… Read more »