General Atlantic Invests US$80 Million in MAP Boga Adiperkasa (Asia)
Posted On: 17 Nov 2016 | Source: General Atlantic
Global growth equity firm General Atlantic has subscribed to IDR1.08 trillion (approximately US$80 million) in zero-coupon bonds issued by Indonesia-based lifestyle retailer Mitra Adiperkasa (MAP), which are convertible into shares in MAP’s food and beverage subsidiary, MAP Boga Adiperkasa (MBA). MBA operates over 300 stores across 24 cities in Indonesia and will use part of the investment for network expansion. The transaction is part of MAP’s restructuring of its food and beverage business.