22 Jun 2016
Investment by KKR in PT Japfa Comfeed Indonesia Tbk
Rajah & Tann Singapore LLP and Assegaf Hamzah & Partners, part of the Rajah & Tann Asia network, are acting for Japfa Ltd. and PT Japfa Comfeed Indonesia Tbk ("PT Japfa") in the investment by a fund managed or advised by Kohlberg Kravis Roberts & Co. L.P. ("KKR") into PT Japfa.
The investment by KKR is a combination of a subscription of new shares in PT Japfa and the purchase of existing PT Japfa shares by KKR from Japfa Ltd., for an aggregate of 1.07 trillion Indonesian Rupiah (approximately US$81.2 million as at 8 June 2016).
Partners Evelyn Wee and Hoon Chi Tern and Senior Associate Lim Ee Nian from Rajah & Tann Singapore LLP and Partners Ahmad Fikri Assegaf and Putu Suryastuti and Senior Associate Affan Giffari from Assegaf Hamzah & Partners are advising on the transaction.