[Updated] Indonesian F&B chain Jiwa Group said to secure funding in round led by Capsquare Asia, Openspace

Photo by Fabian Blank on Unsplash

Indonesian food and beverage chain Jiwa Group is close to finalising a $40-million round co-led by private equity firm Capsquare Asia Partners, and venture capital firm Openspace Ventures.

Indonesia-focused private equity firm Capsquare Asia invests in temporary control or majority stakes in Southeast Asian companies in the mid-market segment in consumer goods, retail, education, manufacturing, and healthcare. Capsquare lists Axiom Asia Private Capital, The Dietrich Foundation, Emerald Hill Capital Partners, FMO, Grace Financial, Hanwha Asset Management, Morgan Stanley, Proparco, as some of its investors.

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