20.12.2010 - TPG and GIC invest in Indonesian coal
From WSJ: TPG Capital and Singapore's sovereign wealth fund, Government of Investment Singapore Corp., jointly invested in Indonesian coal service mining company PT Delta Dunia Makmur Tbk, following a string of companies from India and China that have been buying stakes in Indonesian coal miners. A statement on Delta Dunia's website issued late Saturday said a consortium of affiliates and investment vehicles of U.S. private equity firm TPG and the Singapore fund, known as GIC, had made the investment. The statement didn't give financial details, but a person familiar with the situation said that the investment would be about $400 million...........................................Full Article: Source
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