The Djarum Group acquired an 85% stake in Bakmi GM, a renowned Indonesian restaurant chain, in a strategic move to expand its presence in the food and beverage industry.

Target Information

Bakmi GM, an abbreviation of "Gajah Mada," is a prominent culinary icon in Indonesia, recognized as a pioneer in the nation’s noodle dining scene since its inception in 1959. The restaurant is well-known for its signature dishes, including various types of noodles, dumplings, and other oriental offerings. Over the years, Bakmi GM has built a solid reputation as a family-friendly dining establishment that offers high-quality meals at affordable prices.

On December 9, 2024, Bakmi GM was acquired by the Djarum Group, a leading Indonesian conglomerate owned by the Hartono Brothers. The Djarum Group purchased 85% of PT Griya Mie Sejati, the parent company of the Bakmi GM chain, in a transaction valued between Rp2 and Rp2.4 trillion.

Industry Overview in Indonesia

The restaurant industry in Indonesia has become increasingly competitive, with consumer preferences shifting toward fast-casual dining experiences that combine quality with affordability. Indonesian culinary culture has a rich tapestry of flavors, a