Saratoga Seeks Consumer Deals With $480 Million War Chest
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The Indonesian private-equity firm co-founded by tycoon Edwin Soeryadjaya plans to invest about $480 million, mainly in consumer-related companies, ahead of a planned initial public offering this year.
Saratoga Investama Sedaya, which owns shares in PT Adaro Energy, Indonesia’s second-biggest coal producer, expects to agree next month to buy at least one consumer-related company, Soeryadjaya said in an interview, declining to name the target. Saratoga will team up with other investors as the deal may exceed the fund’s $90 million cap for a single project, he said.