KKR seals first Indonesia deal with food company investment

HONG KONG, July 22 Mon Jul 22, 2013 1:08am EDT

HONG KONG, July 22 (Reuters) - KKR & Co LP has sealed its first deal in Indonesia, agreeing to buy a 9.5 percent stake in food company PT Tiga Pilar Sejahtera Food Tbk, the two companies said in a joint statement on Monday. Terms of the deal were not disclosed.

KKR, which manages more than $78 billion in assets, made the investment through its KKR Asset Management unit.

KKR recently announced the close of its second Asia fund, which at $6 billion is the largest ever raised for investment in the region.

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