Avantgarde Capital - The Best Boutique Investment Bank in Indonesia: Financial Adviser, M&A, IPO, Private Equity , Corporate Restructuring, and Deals

PT Indaco Warna Dunia

Date of Completion

February 2015

Deal Type

Strategic partnership and capital raising for 49% shares in PT. Indaco Warna Dunia with Northstar Group.

Company Description

Established in 2005, PT Indaco Warna Dunia is one of the leading decorative paint makers in Indonesia specializing in environmentally friendly paint products. It manufactures Wall Paints (water base, acrylic base), Wood/Steel Paint, Coating and Waterproofing. It is the largest paint producer in Central Java with a capacity of 50 million tonnes per day. Headquartered in Solo, Indaco has a nationwide distribution network with 52 branches across Indonesia as of 2014.

Our Role and Value Added Services

AvantGarde Capital acted as the exclusive financial adviser to the Shareholders of PT Indaco Warna Dunia in the strategic partnership and capital raising for 49% shares with Northstar Group

We advised the Shareholders of Indaco in evaluating and developing an optimal transaction structure and helped implemented the Company’s complex corporate restructuring prior to the transaction. We played an instrumental role in securing the optimal value of the company and the terms of the transaction, including negotiation of the sale and purchase documentation and the shareholders agreement, until the successful completion of the transaction.