Indonesia: Hospital chain Hermina raises $45m from Creador ahead of IPO


Hermina plans to raise up to $200 million via an IPO next year.

Indonesia: Retailer MDS closes 2nd tranche of investment in MatahariMall

MDS to invest $16m more as part of yearly plan, taking its stake to 18 per cent.

Indonesia Digest: Siloam, Mega Manunggal plan rights issue; JAI to go public

Hospital chain operator Siloam and warehouse developer Mega Manunggal are slated to raise capital via rights issues.

India Digest: Marigold Capital to buy Leela’s Chennai Hotel; Altran Tech to acquire GlobalEdge Software

While private equity fund Marigold Capital is set to acquire Leela Ventures’ Chennai Hotel, French firm Altran Technologies has agreed to buy Indian technology company GlobalEdge Software. PE fund Marigold Capital to buy Leela’s Chennai Hotel US-based private equity fund Marigold Capital and Investments has agreed to buy hotel chain Leela Ventures’ 326-room… Read more »

Indonesia-listed firms sit on $70b cash but perform limited M&A activity: Bain report

Local firms need to start thinking about pulling other levers to deliver earnings growth.

Exclusive: Go-Jek, Grab, Traveloka & Emtek in race to buy digital payments firm worth $20m

Southeast Asian unicorns Go-Jek, Grab, and Traveloka, along with media conglomerate Emtek, are bidding to purchase digital payments firm Fusion Payments for about $20 million, this portal has learnt. Update: Go-Jek, however, has denied that there have been any discussions with Fusion Payments. “GO-JEK is not in contacts nor have… Read more »

Digital health & education untapped in Indonesia: Daren Tan, Golden Equator Capital

Daren Tan of Golden Equator Capital discusses the changing ASEAN VC playbook.

Singapore GIC partners Intiland for mixed-use project in Jakarta

Intiland’s arm RMF will control 36.63% of the project while a GIC affiliate will hold 33.40%.

Indonesia AirAsia looking at backdoor listing through logistics firm RMPP

The move will make RMPP the new holding company of Indonesia AirAsia

Freeport agrees to cede majority ownership of Grasberg mine to Indonesia owners

Freeport will have to sell 41.64% of its stake in the copper and gold mine.