Indonesia’s gross domestic product will increase 6.5 percent in 2012, the World Bank has said, compared with a global average of 2.5 percent. Indonesia’s growth has so far weathered the faltering global economy, helping it regain an investment grade rating for its sovereign debt at Fitch Ratings and Moody’s Investors Service for the first time since the Asian financial crisis. Standard & Poor’s rates Indonesia at BB+, the highest non- investment grade rating, with a positive outlook.
Therefore, it shouldn’t come as a surprise that new investors are pushing into Indonesia’s private-equity market; newcomers will compete for deals with global firms such as KKR & Co., Carlyle Group, TPG Capital and CVC Capital Partners Ltd., plus local firms such as Northstar Pacific Partners, Saratoga Capital, Yawadwipa and Falcon House. Firms are now shifting focus to companies that will benefit from growing consumption in the world’s fourth-most populous nation, 240 million people, away from natural resources investments.
Golden Networking’s Private Equity Happy Hour New York City (http://www.PEHappyHour.com), Tuesday April 17th, will bring Edgar Perez, the distinguished expert who wrote the high-frequency trading global bestseller The Speed Traders, and author of the upcoming Beyond China and India: The Remarkable Indonesia Story to Discover Indonesia, the World’ Sexiest Destination for Private Equity. Mr. Perez has interviewed Indonesian investors, businessmen, government officials and academics conducting research for his upcoming book. He brings the fresh insights from the country of the 17,500 islands that no emerging markets’ investor, analyst or practitioner can’t afford to miss.