KKR Will Invest US$81.2 Million1 for a 10.44% Interest in PT Japfa Tbk
June 8, 2016-
KKR will take up a 6.57% stake in
PT Japfa Tbk via a private placement and acquire another 3.87% stake from Japfa (“KKR Investment Package”) -
Post the KKR Investment Package, Japfa will continue to hold a
51.00% stake in
PT Japfa Tbk
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Commenting on the sale of its shares in
“Indonesia holds tremendous opportunity given its dynamic economy,
favorable demographic trends, and rising GDP per capita. The market is
on track to be one of the top-10 global economies within the next 15
years. KKR is committed to investing in the market and providing capital
solutions to strong partners like Japfa,” added
KKR has been investing in and providing financial solutions to companies
in
The private placement and share sale transactions are part of an overall
strategy to introduce fresh equity funding to strengthen the balance
sheet of the Group. The KKR Investment Package will improve the leverage
ratio of
KKR’s investment is made from its Asian Fund II and marks its first
direct private equity investment in
The above transactions are conditional upon the approval of the issue of
new shares by PT Japfa Tbk’s shareholders at its extraordinary general
meeting which will take place on
ABOUT JAPFA LTD
Japfa Ltd is a leading agri-food producer focused on feeding emerging
Asian markets. The Group produces protein staples such as chicken, beef
and milk, as well as protein-based consumer food products. From its
headquarters in
ABOUT KKR
KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing world-class people, and
driving growth and value creation at the asset level. KKR invests its
own capital alongside its partners’ capital and brings opportunities to
others through its capital markets business. References to KKR’s
investments may include the activities of its sponsored funds. For
additional information about
IMPORTANT NOTICE
This press release is for information only and may contain forward-looking statements that involve assumptions, risks and uncertainties.
1 Based on the closing USD:IDR exchange rate of
2 Calculated based on the average cost base of
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For media queries for Japfa Ltd, please contact Kreab Singapore:
CHIN
May Nah / YAP Meng Lee
Phone: +65 6339 9110
Email: mchin@kreab.com
/ myap@kreab.com
or
For
media queries for KKR, please contact:
KKR Asia
Anita.Davis@KKR.com
or
KKR
or
Edelman Indonesia (For
KKR)
Amalia Belmika, +62 21 721 59000
Amalia.belmika@edelman.com
Source:
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Miles Radcliffe-Trenner
Telephone: +1 (212) 750-8300
Email: media@kkr.com
Investor Relations
Craig Larson
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Outside US: +1 (212) 230-9410
Facsimile: +1 (212) 750-0003
Email: Investor-Relations@kkr.com