Teddy Kurniawan | Senior Private Equity Consultant

Private Equity

Teddy brings over 30 years of experience in private equity, M&A, and investment, primarily in Indonesia and Singapore, executing buyouts and growth investments across agribusiness, energy, resources, and consumer sectors, alongside cross-border deal exposure in Asia Pacific and the United States. A former private equity professional, family-office investor, and serial entrepreneur who has founded and built operating companies, he sits naturally between investor and target understanding the priorities, pressures, and exit expectations of each side.

Qualifications

Bachelor of Science in Chemical Engineering, University of Southern California, with an emphasis on Environmental Engineering.

Career History

2008 – Present Co-Founder / President Commissioner, PT. Perintis Usaha Jasa Indonesia
2022 – 2023 Director of Corporate Development / Head of M&A, Cor Ventures Pte Ltd / Catcher Technology
2013 – 2019 Commissioner (formerly Deputy CEO), PT. Trafoindo Prima Perkasa
2012 – 2022 Co-Founder / Managing Partner, Primex Capital Pte Ltd
2011 – 2019 Co-Founder / President Director ,PT Ricos Farmindo
2006 – 2011 Head of Indonesia Coverage / Founding Member of Energy & Resources Team, Standard Chartered Private Equity
2002 – 2005 Managing Partner / Shareholder, PT Jawamanis Rafinasi / Windsor and Brook Trading Pte Ltd
2001 – 2004 Partner / Executive Director, PT Surya Guna Bina Mandiri
2000 – 2001 Medstoxx Pte Ltd
1995 – 1999 Corporate Planning / Corporate Finance, Bank Internasional Indonesia
1994 – 1995 Process / Equipment Engineering, Chartered Semiconductor Manufacturing

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Project / Deal Experiences

Other business-building and joint venture experiences:

PT. Perintis Usaha Jasa Indonesia: Lead strategy for largest commercial laundry provider in Indonesia, with installed capacity of over seventy tons per day servicing the hospitality industry in Bali
Primex Capital Pte Ltd: Investment firm overseeing the private assets of a prominent business family, with strategic investments focused on food technology, supply chain optimization, and emerging technology startups.
Primex Capital Pte Ltd: Led investments in specialty yoghurt brand in the Netherlands, cattle stations in Australia, a feed materials venture with Marubeni Corp; and operational restructuring and successful sale of nickel mine in Indonesia
PT. Trafoindo Prima Perkasa: Spearheaded strategic initiatives for Indonesia's largest and most established transformer producer, and established a joint venture with Siemens AG, the worldwide leader in power transformers
PT. Trafoindo Prima Perkasa: Effectively transitioned from family/traditional management to a team of seasoned professionals with multi-national corporate backgrounds, resulting in a substantial enhancement of productivity and profit margins.
PT Ricos Farmindo: Established commercial farm implementing best in class design and management practices to meet growing industrial demand for high quality poultry; production of 5 million broiler chickens annually at divestment
PT Jawamanis Rafinasi / Windsor and Brook Trading Pte Ltd: Pioneered the establishment of Indonesia's first sugar refinery following government deregulation, collaborating with former senior executives from the UK-based ED&F Man Sugar
PT Jawamanis Rafinasi / Windsor and Brook Trading Pte Ltd: Responsible for strategic initiatives, along with finance and risk management; implemented ERP system for reporting and finance control
PT Jawamanis Rafinasi / Windsor and Brook Trading Pte Ltd: Achieved annual sales of USD 170mln prior to divestment to Asia’s largest commodities group in 2010
PT Surya Guna Bina Mandiri: Commodities trading company focusing on sugar, rice and wheat flour, and established joint venture in Indonesia with Novel Commodities S.A., a leading global rice trader
Medstoxx Pte Ltd: Established medical equipment e-commerce platform backed by H&Q Asia Pacific and other international investors
Chartered Semiconductor Manufacturing: Start-up team member of new wafer fabrication plant, managing a staff of twelve engineers

Led acquisition initiatives in the United States (targets of Enterprise Value exceeding USD 1 bln), and across Southeast Asia and Japan on behalf of a listed Taiwanese manufacturing corporation
a US$ 340 million buyout of Singapore-listed Amtek Engineering (currently known as Interplex Holdings), a global leader in precision metal stamping and tooling specialist
a SG$ 120 million buyout of Sincere Watch, Southeast Asia’s leading luxury timepiece retailer and regional distributor of fine watches, and fine foods subsidiary Culina Pte Ltd
a US$ 240 million divestment of Unza Holdings Limited, South East Asia's largest independent manufacturer and marketer of personal care products

Led IDX listing process, with investor roadshows in Indonesia, Singapore and Malaysia
Key roles in corporate finance activities, including a US$500 million bond, a US$ 250 million Asian currency floating rate notes program, asset backed securitization programs, and a Rp 11 trillion rights issue in 1999
Led investments in specialty yoghurt brand in the Netherlands, cattle stations in Australia, a feed materials venture with Marubeni Corp; and operational restructuring and successful sale of nickel mine in Indonesia

Key roles in the execution and management of:

a US$ 45 million investment in Wilmar International, the world’s largest integrated palm oil agribusiness with core assets in Indonesia, China, India and Australia.
a US$ 100 million investment in privately held Malaysian-based Scomi Oilfield, one of the world’s largest provider of drilling waste management services to the oil & gas industry
a SG$ 100 million structured investment into Otto Marine Pte Ltd, a specialist Indonesian shipyard fabricating high-end offshore support vessels for the oil & gas industry
a US$ 80 million investment in UK-listed Salamander Energy, a leading oil & gas exploration and production company with main assets in Indonesia, Thailand and Vietnam.
an A$ 80 million investment in Straits Resources Limited, a diversified resources company with main assets in Indonesia and Australia
a US$ 80 million investment in Wellard Group, Australia’s largest livestock exporter with key market in Indonesia