Indesso advantages from the worldwide demand and rising shopper consciousness for natural ingredients, and contributes to the event of a sustainable worth chain in the flavors & fragrances and wider shopper items industries
EQT Private Equity will assist Indesso’s ambition for continued analysis pushed product innovation and geographical enlargement, in addition to in enhancing digital capabilities and sustainability, leveraging on EQT’s inhouse experience and world advisory community
STOCKHOLM, May 11, 2021 /PRNewswire/ — EQT is happy to announce that the EQT Mid Market Asia III fund (“EQT Private Equity”) has invested in Indesso Group (“Indesso” or “the Group”). The founding Gunawan household will retain a majority stake in the Group and stays as administration following the transaction.
Established in 1968 and headquartered in Jakarta, Indonesia, Indesso is a number one provider of natural ingredients, serving over 2,000 prospects in the Flavors & Fragrances (“F&F”) trade in greater than 50 nations globally. Indesso’s natural merchandise are important parts used in the formulation of a variety of taste ingredients in meals and beverage merchandise, in addition to aromatherapy and fragrances in shopper merchandise and nutraceuticals.
Over the years, Indesso has established a robust presence as a producer of important oils together with their derivatives and botanical extracts distinctive to Indonesia. Through steady analysis and innovation, it has remodeled into an built-in solutions provider throughout the F&F ecosystem. Indesso can be one of many market leaders in Indonesia supplying F&F merchandise and meals ingredients on behalf of its world principals to the fast-growing native shopper items trade.
Indesso’s underlying market is supported by world megatrends, such because the shift to natural primarily based merchandise, and the rising significance of sustainable provide chains. The Group helps the United Nations Sustainable Development Goals by its “People – Partnership – Planet” program, which seeks to develop a traceable and accountable natural uncooked materials sourcing and scale back the environmental impression of its enterprise actions.
EQT has huge experience and an extended historical past in growing sturdy belongings in the sector, together with a world F&F firm, and current portfolio firms Azelis and Chr. Hansen Natural Colors. EQT Private Equity intends to leverage on this expertise and its world advisory community, to assist Indesso’s ambitions for accelerating product innovation and enhancing its uncooked materials sourcing capabilities to proceed serving its prospects with one of the best product providing and highest service requirements. EQT Private Equity additionally intends to again Indesso’s inorganic progress plans in the area and make investments additional in the Group’s digital infrastructure and sustainability, drawing on its inhouse knowledgeable capabilities.
Brian Chang, Partner and Investment Advisor, Head of Southeast Asia at EQT Partners, mentioned “Indesso began on its journey greater than 50 years in the past, bringing natural ingredients to the world. We are really humbled by the chance to take a position in a market chief in this extremely thematic house because it prepares for the following part of its journey to increase additional. We have full confidence in the proficient group and top quality enterprise that Pak Robby is main and are excited concerning the ample alternatives to additional make investments in innovation, sustainability and digitalization to proceed so as to add worth to Indesso’s prospects and principals.”
Robby Gunawan, CEO of Indesso Group, mentioned “This partnership with EQT represents a brand new chapter in Indesso’s ‘Journey of Unlocking Nature’. This will speed up our company mission of making modern solutions with ‘sustainable natural primarily based ingredients for all times’. In the final 10 years, now we have loved sturdy progress in our enterprise constructed upon strong relationships with present enterprise and provide companions, principals and prospects, one thing that we need to proceed and additional strengthen. EQT’s experience and expertise in our enterprise house will assist us in realizing new alternatives to supply higher and modern solutions for our prospects.”
The transaction was closed on 10 May 2021.
Contact
APAC media inquiries: KEKST CNC, [email protected], +852 9212 3105
EQT Press Office, [email protected], +46 8 506 55 334
Indesso Corporate Communication, [email protected], +62811965808
About EQT
EQT is a purpose-driven world funding group with greater than EUR 67 billion in belongings below administration throughout 26 energetic funds. EQT funds have portfolio firms in Europe, Asia-Pacific and the Americas with whole gross sales of roughly EUR 29 billion and greater than 175,000 staff. EQT works with portfolio firms to attain sustainable progress, operational excellence and market management.
More data: www.eqtgroup.com
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About Indesso
Established in 1968, Indesso is one in every of Indonesia’s key producers of meals, taste, and perfume ingredients. Through strict high quality assurance, we make sure that all prospects obtain top quality merchandise, which adjust to worldwide requirements and rules. Indesso is dedicated to offering value-added ingredients by innovation, effectivity, and sustainable enterprise practices.
More data: www.indesso.com
Follow Indesso on LinkedIn and Instagram
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