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Country · Indonesia

Recent M&A deals in Indonesia

Search recent transactions where the target is based in Indonesia. Disclosed and estimated figures are kept separate, and every record links back to a supporting source where available.

Deals in this slice
259
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
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Recent transactions

Public snapshots in Indonesia

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
PT Bonna Indonesia PT Duta Sarana Perkasa (Dusaspun) and its affiliated entities and persons Cement & Concrete Manufacturing $13.2M – $17.8M 5× – 7×
PT AGP Indonesia Utama Tokyo Gas Asia Pte. Ltd., Tokyo Gas Co., Ltd. Natural Gas Distribution $87.0M – $117M 8× – 11×
Wholesale fiber connectivity business and assets of PT Telkom Indonesia Persero (Tbk) PT Telkom Infrastruktur Indonesia (InfraNexia) Telecommunications Network Infrastructure $5,733M 11× – 15×
PT Megalestari Epack Sentosaraya Tbk PT Triple Berkah Bersama Investment Holding Companies (NEC) $0.9M 4× – 6×
PT Endorshine Energy Solutions PT Arkora Hydro Tbk Photovoltaic Solar Systems & Equipment $13.7M – $18.5M 7× – 9×
PT Mitra Adiperkasa Tbk CVC Asia VI Apparel & Accessories Retailers (NEC) $520M – $700M 6× – 8×
InfraCo assets and business spun off from PT Telkom Indonesia (Persero) Tbk PT Telkom Infrastruktur Indonesia (InfraNexia) Telecommunications Network Infrastructure $3,288M 5× – 7×
PT Ekamas Mora Republik Tbk PT Dian Swastatika Sentosa Tbk Integrated Telecommunications Services (NEC) $210M – $285M 6× – 8×
PT Ekamas Mora Republik Tbk PT Dian Swastatika Sentosa Tbk, Sinar Mas Group Integrated Telecommunications Services (NEC) $740M – $1,000M 7× – 9×
Mandiri Manajemen Investasi Danantara Investment Authority (BPI Danantara) Mutual Funds (NEC) $159M 6× – 8×
Showing 10 of 259 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Indonesia

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

6.0×
1
6.5×
4
7.0×
10
7.5×
11
8.0×
7
8.5×
3
9.5×
1
10.0×
3
10.5×
2
11.0×
3
12.0×
2
12.5×
2
13.0×
3
15.5×
1
16.0×
1
16.5×
1
18.0×
1
20.0×
2
Mean
9.74×
Median
8.33×
P25
7.40×
P75
11.15×
P90
13.91×

EV / EBIT

8.0×
2
8.5×
3
9.0×
4
9.5×
4
10.0×
9
10.5×
4
11.0×
3
11.5×
5
12.5×
4
13.0×
2
13.5×
1
14.0×
1
14.5×
1
15.5×
1
16.0×
2
17.5×
1
18.0×
1
18.5×
1
20.0×
1
21.0×
1
22.0×
1
23.0×
1
24.0×
1
27.5×
1
28.0×
1
33.0×
1
Mean
14.10×
Median
11.35×
P25
10.00×
P75
15.47×
P90
22.67×

EV / Revenue

0.5×
3
0.8×
5
1.0×
8
1.3×
8
1.5×
7
1.8×
6
2.0×
6
2.3×
2
2.5×
1
2.8×
1
3.0×
2
3.3×
2
3.5×
2
3.8×
2
4.3×
1
4.8×
1
5.0×
1
Mean
1.94×
Median
1.64×
P25
1.17×
P75
2.25×
P90
3.60×
Early-stage & growth companies

EV / Revenue

1.0×
2
1.3×
3
1.5×
3
1.8×
2
2.0×
3
2.3×
4
2.5×
1
2.8×
5
3.0×
1
3.3×
4
3.5×
1
3.8×
3
4.0×
3
4.3×
1
4.5×
3
4.8×
2
5.0×
3
5.3×
2
5.5×
5
5.8×
2
6.0×
2
6.3×
3
6.5×
3
7.0×
2
7.3×
1
7.5×
3
7.8×
1
8.0×
2
8.3×
2
8.5×
4
8.8×
1
9.0×
1
9.5×
1
10.0×
2
11.3×
1
11.5×
1
12.0×
1
12.5×
1
13.0×
1
Mean
5.38×
Median
5.00×
P25
2.85×
P75
7.46×
P90
8.99×

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