PROJECT

Projects

Summary of Investment Information

Project Number

47539

Company Name

PT. TAWADA HEALTHCARE

Date SPI Disclosed

Jun 30, 2023

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Aug 16, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 12, 2025

Department

Regional Industry - MAS Asia & Pac

Industry

other

Previous Events

Approved : Sep 11, 2023
Signed : Sep 14, 2023
Invested : Sep 22, 2023

Sector

other

Project Description

The Project consists of an up to US$15 million equivalent in Indonesia Rupiah (“IDR”) minority equity investment in PT. Tawada Healthcare (“Tawada” or the “Company”), a profitable, high-growth Indonesian medical devices distribution and manufacturing company.

The proceeds will be used to support the Company’s capital expenditure for development of its manufacturing facility, acquisitions, and working capital as follows: (i) c.50% of the proceeds towards the acquisitions of one or several companies with medical device distribution and/or manufacturing capabilities that will leverage the Company’s existing platform; (ii) c.20% of the proceeds towards capital expenditure to build its manufacturing capabilities in Batang Central Java Province, in an established industrial park; and (iii) c.30% of the proceeds will be used to fund the Company’s working capital as it grows its scale.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation