August 17, 2016
A consortium of global investment firms announced the signing of definitive agreements to make a substantial investment in GO-JEK, Indonesia’s leading on-demand mobile platform. This equity capital raise of over US$550 million is composed of leading investors including Warburg Pincus, KKR, Farallon Capital and Capital Group Private Markets, as well as existing shareholders and other international investors. Previous investors include Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group.
Latham & Watkins represents Warburg Pincus in the transaction led by Hong Kong corporate partner Amy Beckingham with associates Douglas Abernethy and Edward Tang.