Buyout major EQT invests in Indonesian food ingredients maker Indesso
Photo: Indesso website
May 11, 2021
Swedish buyout major EQT has invested in Indonesia-based natural ingredients provider Indesso Group, according to its statement on Tuesday.
The investment was made through the EQT Mid Market Asia III fund.
Following the transaction, the founding Gunawan family will retain a majority stake and management control of the group.
EQT is seeking to back Indesso’s inorganic growth plans in the region and invest further in the group’s digital infrastructure and sustainability practises. It also intends to support Indesso in areas of product innovation and enhancing raw material sourcing capabilities.