Capsquare Asia Investment Strategy

Strategy

Our Focus

We live and breathe Southeast Asia, and particularly Indonesia. We excel in the middle-market segment. We love founders who dare to dream, embrace innovation and collaboration, and aspire to make a difference.

Our Strengths

We advocate excellence. We put words into action. We partner with the founders to turn ideas into reality - from organisational redesign to reshaping the business for the future.

Our Aspirations

We aim to build middle-market champions that generate financial returns and make a difference in the communities they operate in.

Our Investors

Our investor base consists of well-established international institutional investors that are experienced in the private equity asset class and share Capsquare Asia’s vision of achieving the betterment of communities through sustainable growth in the firm’s portfolio companies.

Axiom Asia Private CapitalcommonfundThe Dietrich FoundationEmerald Hill Capital PartnersFMP Entrepreneurial Development BankGrace FinancialHanwha Asset ManagementMorgan StanleyGroupe Agence Francaise De Developpement - PROPARCOSwiss Investment Fund For Emerging Markets - SIFEMInstitutional Family OfficesEndowments and Pension Funds

Portfolio Companies

Tawada Healthcare

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Tawada Healthcare supplies and maintains healthcare and medical devices, as well as markets and distributes medical consumables to more than 6,000 customers nationwide, including leading hospitals, medical centers and laboratories across Indonesia. Founded in 1999 and headquartered in Jakarta, Tawada Healthcare represents more than 45 globally renowned brands including Abbott, Leica, Olympus, and Siemens. Tawada Healthcare aspires to become the most integrated, reliable, and customer-driven healthcare provider in Indonesia.

Status: Active

Janji Jiwa

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Janji Jiwa is an Indonesian tech-enabled coffee chain that focuses on a wide range of grab-and-go F&B offerings. Founded in 2018, Jiwa has launched four brands, namely Janji Jiwa, Jiwa Toast, Jiwa Tea and Burger Geber, and has a presence in over 70 cities across Indonesia. Janji Jiwa plans to accelerate the use of technology to further enhance the customer experience and scale up to become a prominent category leader in Asia.

Status: Active

Champ Resto

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Champ Resto is a restaurant chain carrying six established brands that offer multicultural cuisines: Raa Cha (Suki and BBQ), Gokana (Japanese Cuisine), BMK (Indonesian Cuisine), Platinum (Western and fusion Cuisine), Chopstix (Asian Cuisine), and Monsieur Spoon (Bakery and Café). Established in 2010 and listed on the Indonesia Stock Exchange in 2022, Champ Resto reported net sales of IDR1.27 trillion in 2022 from its network of around 300 outlets across Java, Bali, Sumatra, and Sulawesi. Champ Resto’s vision is to be a local F&B retail champion.

Status: Active

Metindo

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Metindo is a tier-1 automotive component manufacturer based in West Java, Indonesia. Established in 1989, this ISO-certified manufacturer has built a solid track record and strong technical expertise in supporting the leading four-wheeler and two-wheeler automotive principals over the past three decades. Metindo strives to be a world-class automotive component manufacturer and has produced more than 1,100 unique parts from external chassis components to high-precision parts.

Status: Active

Natura Aromatik

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Natura Aromatik is an Indonesia-based producer of aroma chemicals, essential oils, and natural extracts products. Established in 2014, Natura Aromatik is known for its use of sustainable, ethically-sourced raw materials in creating high-quality natural clove derivatives that conform to international food safety regulatory standards. Its diverse product portfolio serves partners in the flavours and fragrances, food and beverages, cosmetics, and nutraceutical industries. Catering to a global clientele, including seven of the top 10 flavour and fragrance companies worldwide, Natura Aromatik is all about making a positive impact while doing business, a principle that it stands by as it serves its clients.

Status: Active

Mahakarya

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Mahakarya is a luxury retail platform that preserves the heritage of Indonesian luxury goods, including the creations of batik maestro Iwan Tirta, who gained inspiration from the royals in the Mangkunegaran palace in Indonesia, and the legacy of fine Indonesian home furnishings. In addition to batik, home furnishing, ceramic and art collections, the company has expanded its offerings to include premium contemporary pieces based on royal patterns and more than 45,000 innovative batik designs inherited from the late Iwan Tirta to suit the modern lifestyle. At present, Mahakarya operates a network of nine exclusive galleries strategically located within Jakarta’s prominent malls, aimed at serving the passionate community of luxury goods aficionados and devotees.

Status: Active

Air Mancur

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Air Mancur is a health and beauty company that manufactures honey under the Madurasa brand, as well as traditional herbal medicinal and wellness products under the Jamu Air Mancur brand. Established in 1963, the Surakarta-based company caters to the domestic market in Indonesia and exports its products to other parts of Asia. Capsquare Asia exited Air Mancur in 2019.

Status: Exited