Investment Summary

PT Sarana Menara Nusantara Invests In PT Komet Infra Nusantara

On March 26, 2018, PT Sarana Menara Nusantara invested in communications company PT Komet Infra Nusantara from Providence Equity Partners

Investment Highlights
  • This is PT Sarana Menara Nusantara’s 1st transaction in the Communications sector.
  • This is PT Sarana Menara Nusantara’s 1st transaction in Indonesia.

Investment Summary

Date 2018-03-26
Target PT Komet Infra Nusantara
Sector Communications
Investor(s) PT Sarana Menara Nusantara
Sellers(s) Providence Equity Partners
Deal Type Stake Purchase

Target

PT Komet Infra Nusantara

Jakarta, Indonesia
PT Komet Infra Nusantara is an independent telecommunications tower platform in Indonesia.

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Investor(S) 1

Investor

PT Sarana Menara Nusantara

Kudus, Indonesia

Category Company
Founded 2008
Sector Communications
Employees1,745
Revenue 12.74T IDR (2024)
DESCRIPTION

PT Sarana Menara Nusantara is an owner and operator of wireless infrastructure in Indonesia. Established in 2003 and headquartered in Jakarta, Protelindo owns and operates over 16,000 towers with over 27,000 tenants. PT Sarana Menara Nusantara was founded in 2008 and is based in Kudus, Indonesia.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 67 of 102
Sector: Communications M&A 15 of 18
Type: Stake Purchase M&A Deals 4 of 5
Country: Indonesia M&A 1 of 1
Year: 2018 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Vistage

San Diego, California, United States

Vistage is a forum for business leaders to share their issues and experiences to help each other generate better decisions and results for their companies. Vistage was founded in 1957 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 GlobalTranz

Scottsdale, Arizona, United States

GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics, and expedited shipping services. GlobalTranz optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time. Leveraging its extensive freight agent network, GlobalTranz has emerged as a fast-growing market leader with a customer base of over 25,000 shippers. In 2018, Transport Topics ranked GlobalTranz as the 10th largest freight brokerage firm in the U.S. GlobalTranz was founded in 2003 and is based in Scottsdale, Arizona.

Sell -