According to the bank's website, the project "consists of an up to US$15 million equivalent in Indonesia Rupiah (“IDR”) minority equity investment in PT. Tawada Healthcare (“Tawada” or the “Company”), a profitable, high-growth Indonesian medical devices distribution and manufacturing company. The proceeds will be used to support the Company’s capital expenditure for development of its manufacturing facility, acquisitions, and working capital as follows: (i) c.50% of the proceeds towards the acquisitions of one or several companies with medical device distribution and/or manufacturing capabilities that will leverage the Company’s existing platform; (ii) c.20% of the proceeds towards capital expenditure to build its manufacturing capabilities in Batang Central Java Province, in an established industrial park; and (iii) c.30% of the proceeds will be used to fund the Company’s working capital as it grows its scale".
Director of Business Development
PT Tawada Healthcare
+62 21 5086 5880
Infinity Building 2nd Fl., Jl. Raya Kebayoran Lama No. 338, Kebon Jeruk, Jakarta Barat - 11540
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