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New Deal


Announced

Completed

ADIA led a $1.3bn funding round in GoTo.

Financials

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Transaction Value£962m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Private

Friendly

E-commerce

technology group

Indonesia

Minority

Acquisition

Private Equity

Cross Border

Completed

Synopsis

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ADIA, a sovereign wealth fund owned by the Emirate of Abu Dhabi, led a $1.3bn funding round in GoTo, a digital ecosystem in Indonesia. Additional investors include Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, and Ward Ferry. "Indonesia and Southeast Asia are the two markets with the most promising growth prospects in the world, and the support we have received demonstrates the confidence investors have in the region's fast-growing digital economy and our position as a market leader," Andre Soelistyo, GoTo CEO.

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