Investment Summary

Capital Group Private Markets, KKR, Farallon Capital Management, Warburg Pincus and Allianz X Invest In GO-JEK

On August 4, 2016, private equity firm Capital Group Private Markets, private equity firm KKR, asset manager Farallon Capital Management, private equity firm Warburg Pincus and corporate investor Allianz X invested in internet software and services company GO-JEK

Investment Highlights
  • This is Capital Group Private Markets’ 2nd, KKR’s 13th, Farallon Capital Management’s 2nd, Warburg Pincus’ 20th and Allianz X’s 2nd transaction in the Internet Software and Services sector.
  • This is Capital Group Private Markets’ 2nd, KKR’s 3rd, Farallon Capital Management’s 2nd, Warburg Pincus’ 4th and Allianz X’s 2nd transaction in Indonesia.
Investment Fate
  • GO-JEK merged with another company in 2021.

Investment Summary

Date 2016-08-04
Target GO-JEK
Sector Internet Software and Services
Investor(s) Capital Group Private Markets
KKR
Farallon Capital Management
Warburg Pincus
Allianz X
Deal Type Growth Capital

Target

GO-JEK

Jakarta, Indonesia
GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

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Investor(S) 5

Investor
DESCRIPTION

Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 11 of 17
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 3 of 4
Country: Indonesia M&A 2 of 2
Year: 2016 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider offering a range of comprehensive services, including transportation, logistics, payment, food delivery, and other on-demand services. It connects users to over 1 million driver partners, more than 150,000 food vendors, and numerous other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Zamp

São Paulo, Brazil

Zamp develops, operates, and franchises restaurants under the Burger King and POPEYES names in Brazil. Zamp was founded in 2011 and is based in São Paulo, Brazil.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 213 of 499
Sector: Internet Software and Services M&A 13 of 37
Type: Growth Capital M&A Deals 32 of 81
Country: Indonesia M&A 3 of 4
Year: 2016 M&A 19 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider offering a range of comprehensive services, including transportation, logistics, payment, food delivery, and other on-demand services. It connects users to over 1 million driver partners, more than 150,000 food vendors, and numerous other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 Calabrio

Minneapolis, Minnesota, United States

Calabrio is a customer experience intelligence company that empowers organizations to enrich human interactions. The scalability of its cloud platform allows for quick deployment of remote work models and it gives customers precise control over both operating costs and customer satisfaction levels. The company's AI-driven analytics tools make it easy for contact centers to uncover customer sentiment and share compelling insights with other parts of the organization. Calabrio was founded in 2007 and is based in Minneapolis, Minnesota.

Buy -
Investor

Farallon Capital Management

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1986
Size Large
Type Sector Agnostic
DESCRIPTION

Farallon Capital Management is a private investment firm that targets a variety of investment strategies throughout the world. The Firm pursues investments that include public and private debt and equity securities, direct investments in private companies, and real estate. Farallon is especially interested in investments that include a key event (such as a merger, restructuring, recapitalization or other major change) that has the potential for an appreciation of the value of a particular investment. Farallon's direct investment group makes debt, preferred stock or equity investments in businesses with substantial franchise value, healthy cash flow, and motivated management who have invested alongside the Firm. Farallon Capital Management was formed in 1986 and is based in San Francisco, California.


DEAL STATS #
Overall 6 of 11
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
Country: Indonesia M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider offering a range of comprehensive services, including transportation, logistics, payment, food delivery, and other on-demand services. It connects users to over 1 million driver partners, more than 150,000 food vendors, and numerous other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 Contech Engineered Solutions

West Chester, Ohio, United States

Contech Engineered Solutions is a provider of engineering and site solutions for the residential, commercial and infrastructure markets. The company's primary end markets are the US infrastructure, commercial and residential construction markets. Contech Engineered Solutions was formed in 1986 and is based in West Chester, Ohio.

Sell -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 312 of 492
Sector: Internet Software and Services M&A 20 of 37
Type: Growth Capital M&A Deals 101 of 159
Country: Indonesia M&A 4 of 4
Year: 2016 M&A 21 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 Mosaic

Oakland, California, United States

Mosaic makes financing solar energy accessible and affordable for homeowners by providing the simplest borrower experience in the industry. Customers are connected to top solar installers and can qualify instantly for no money down loans with fixed interest rates and multiple term options. For solar installers, Mosaic provides a streamlined financing platform to drive sales growth. Mosaic was founded in 2009 and is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 BlueGrace Logistics

Riverview, Florida, United States

Blue-Grace Logistics is a third-party logistics (3PL) provider of transportation management services in North America. BlueGrace helps businesses manage their less-than-truckload and truckload spend through industry leading technology, high level freight carrier relationships and superior insight of the complex $750 billion U.S. freight industry. BlueGrace was founded in 2009 and is headquartered in Riverview, Florida with over 60 corporate and franchise locations across the US.

Buy $255M
Investor

Allianz X

Investor Investor Investor


Category Corporate Investor
Founded 2013
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

Allianz X is the growth-oriented investment arm of Germany insurance and financial services company Allianz Group. Allianz X looks to invest in and acquire expansion stage financial and insurance technology companies throughout the world. The Firm has special interest in businesses that can benefit from Allianz's expertise and global reach. Allianz X was formed in 2013 and is based in Munich.


DEAL STATS #
Overall 2 of 29
Sector: Internet Software and Services M&A 2 of 9
Type: Growth Capital M&A Deals 1 of 4
Country: Indonesia M&A 2 of 3
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 GoTo

Jakarta, Indonesia

GoTo is an on-demand service provider offering a range of comprehensive services, including transportation, logistics, payment, food delivery, and other on-demand services. It connects users to over 1 million driver partners, more than 150,000 food vendors, and numerous other services. GoTo was founded in 2009 and is based in Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Nauto

Sunnyvale, California, United States

Nauto is an AI-powered fleet-safety company that equips commercial vehicles with real-time driver monitoring and predictive-AI systems to detect risks such as distracted or drowsy driving. Its platform uses dual-facing cameras and machine-learning analysis of driving behavior and external conditions to alert drivers and help fleets prevent collisions before they happen. Nauto was founded in 2015 and is based in Sunnyvale, California.

Buy -