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New Deal


Announced

Cool Japan Fund to invest $50m in Gojek.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Payments / Commerce

Indonesia

digital payment

on-demand service provider

Acquisition

Single Bidder

Private Equity

Friendly

Minority

Private

Pending

Synopsis

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Cool Japan Fund, a private equity fund that provides various enterprises with financial resources, agreed to invest $50m in Gojek, Southeast Asia's on-demand multi-service platform and digital payment technology group. Part of Cool Japan's infusion will go toward Go-Jek's video and music streaming service for mobile users. The public-private fund hopes to tap the popularity of Japanese anime and horror movies in Indonesia. It will help bring existing programs to Go-Jek's service and work with the startup to produce original Japan-related content locally.

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