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US Equity Firm Announces $4.5m Investment in Indonesia Recycling Outfit

From The Jakarta Globe
March 17, 2015

On Monday, California-based private equity firm Elixir Capital’s ECM Straits Fund announced  that it has agreed to invest $4.5 million in Bintang Timur, a plastic waste management company based in Java.

Amir Azahar, managing director of Elixir Capital and the firm’s regional head in Southeast Asia, said that the investment will help the company expand both in Java and Bali.

Following the launch in 2014 of Elixir’s ECM Straits Fund, the firm has invested in numerous small and medium enterprises (SMEs) throughout “southern Asia.”
The Fund recently announced digital commerce investments in Annelutfen, Turkey’s leading e-commerce business for baby and mother products, and FashionValet, Southeast Asia’s premier online destination for female fashion and top fashion designs.
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