Saratoga seeks growth capital through public listing

The Indonesian investment company, which owns stakes in Adaro Energy and Tower Bersama, is hoping to overcome a challenging market to raise at least $171 million from a Jakarta IPO.

Saratoga seeks growth capital through public listing
Saratoga focuses on investments in early-stage and growth-stage companies in Indonesia

After completing the listing of one of its portfolio companies at the end of May, Indonesian investment company Saratoga Investama Sedaya is now trying to convince investors to support its own initial public offering.

The management met with potential investors at a lunch in Hong Kong yesterday and is hoping to wrap up its marketing in London tomorrow. The company, which is often referred to as a private equity firm, is looking to raise between...

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