PT BFI Finance Indonesia, based consumer finance company, hired Deutsche Bank AG and
Standard Chartered Plc to help it borrow at least $50 million-US$60 million
Standard Chartered Plc to help it borrow at least $50 million-US$60 million
The three-year term loan may be increased after a strong response from banks in syndication and the facility may be signed as early as this month.
BFI is a financing company which focuses its business on automotive consumer financing and leasing services.On May 19, the number one executive of PT Adaro Energy Tbk, Boy Garibaldi Thohir acquired around 45% non-controlling shares of PT BFI Finance Indonesia Tbk through Trinugraha Capital & Co (TC&Co).
Garibaldi Thohir led a consortium that involved TPG Capital and Northstar Equity Partners, founded by former banker Goldman Sach Patrick Walujo, as an investor in TC&Co.TPG Capital is one of global investment units of TPG, being established in 1992 with the total asset reaching US$48 billion.
In the meantime, Northstar Equity Partners is a financial investment company focusing in Indonesia while Trinugraha Capital & Co happens to be a financial company being stablished in Luxemburg.
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