Ashurst represented Archipelago Capital Partners on the 100% sale of PT Timuraya Tunggal to Shikoku Chemicals Corporation.
Archipelago Capital Partners is a Singapore-based private equity firm investing across Southeast Asia.
PT Timuraya Tunggal is a prominent Indonesian producer and exporter of sulphur-based acids and its derivatives, with an established sales network across Southeast Asia.
The transaction highlights once again our strength in advising and closing cross-border deals and our deep knowledge of local jurisdictions. The firm's Singapore and Jakarta offices collaborated to bring about the successful closing.
The transaction was led by Xiaozheng Ko from the Singapore office, supported by Ratih Nawangsari, Miranda Miranda and Alicia Loo.
Xiaozheng Ko commented, "This transaction is another showcase of our experience in executing private equity exits. We extend our congratulations to Archipelago Capital Partners and Shikoku Chemicals Corporation on this successful transaction."
