Carlyle May Buy Stake in Indonesia’s GarudaFood, Reuters Says

Carlyle Group is close to buying a 25 percent stake in Indonesia’s GarudaFood for about $200 million, Reuters reported, citing people with direct knowledge of the plan.

The deal would be Carlyle’s first direct investment in Asia and values Jakarta-based GarudaFood, which makes chips, peanuts and other snacks, at about $800 million, the agency said. 

Carlyle, a Washington-based private equity firm, is the preferred bidder for the stake, according to Reuters. No formal agreement has been signed, it said. Source: Bloomberg