Investment Summary

General Atlantic Invests In Cimory

On January 10, 2023, growth capital firm General Atlantic invested in food company Cimory

Investment Highlights
  • This is General Atlantic’s 4th transaction in the Food sector.
  • This is General Atlantic’s 3rd transaction in Indonesia.

Investment Summary

Date 2023-01-10
Target Cimory
Sector Food
Investor(s) General Atlantic
Deal Type Stake Purchase
Advisor(s) Nomura Investment Bank (Financial)

Target

Cimory

Jakarta, Indonesia
Cimory is a producer of premium dairy products and premium consumer food that includes yogurt and milk products. The premium consumer food product portfolio includes a wide selection of ready-to-cook and ready-to-eat sausages and chicken nuggets marketed under the “Kanzler” brand. Cimory was formed in 1992 and is based in Jakarta, Indonesia.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 335 of 364
Sector: Food M&A 4 of 4
Type: Stake Purchase M&A Deals 38 of 42
Country: Indonesia M&A 3 of 3
Year: 2023 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 CinCor

Waltham, Massachusetts, United States

CinCor is a clinical-stage biopharmaceutical company with a mission to bring innovation to the treatment of hypertension. CinCor was founded in 2018 and is based in Waltham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Gravie

Minneapolis, Minnesota, United States

Gravie is an insurance services provider that helps businesses, individuals and families choose, buy and manage health insurance products. Gravie was founded in 2013 and is based in Minneapolis, Minnesota.

Buy -