TPG Affiliate, Indonesia Tycoon Buy Charoen’s Stake in Hutchison Indonesian Unit (Asia)

Source: Dow Jones

A consortium of investors including Northstar Pacific Partners, the Indonesia-focused private equity affiliate of U.S.-based global private investment firm TPG, and businessman Garibaldi Thohir have reportedly purchased Indonesian telecommunications company Hutchison 3 Indonesia from Thai conglomerate Charoen Pokphand Group. Financial details of the transaction were not disclosed.