On July 22, 2013, Tiga Pilar Sejahtera Food (AISA) stated that two days ago, some main
shareholders agreed to sell their shares to Kohlberg Kravis Roberts (KKR), one
of the biggest private equity firms in the world, amounting to 9.5% of the
total subscribed and fully paid shares. The value of transaction was
undisclosed, but it was issued that it reached $ 40 million. The joining of KKR
will help the company to grow, where KKR will put their representative in the
board of commissioners. While for KKR, this acquisition becomes their initial
step to enter the consumer goods industry in Indonesia.
