Buyout & Growth Capital

Pr​ivate Equity Management

About

Equistra

Equistra is a private equity firm headquartered in ​Indonesia. We are driven by a singular mission: ​to create sustainable growth and value for our ​partners. As a leading Private Equity firm, we ​leverage our extensive experience and strategic ​insights to identify opportunities, invest in ​potential, and nurture success. Our approach is ​underpinned by 3 core principles that guide ​every decision we make.

Business Investment Risk Analysis
Business Investment Risk Analysis
Business Investment Risk Analysis
Abstract Geometric Shape

01

Value Creation

By focusing on industries and ​businesses where we can make a ​meaningful difference, we ensure ​that every investment maximizes ​returns and delivers substantial ​value.

02

Quality Partnerships

We build strong, trusted ​relationships with our portfolio ​companies, investors, and ​partners. We are committed to a ​partnership model that fosters ​mutual success.

03

Fundamental Strength

We invest in high-quality ​businesses with strong ​fundamentals and potentials for ​long-term success, and ​maintain the highest standards ​of investment process.

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What we do

At Equistra, we specialize in creating value through strategic investments in high-potential ​businesses. Our approach combines deep industry knowledge, operational expertise, and a ​commitment to growth, ensuring that we unlock the full potential of our portfolio companies.


HEALTHCARE FOCUS

Healthcare is our investment ​focus. We seek out ​companies that are driving ​innovation, improving patient ​outcomes, and making ​healthcare more accessible ​and affordable. Our ​investments span a broad ​range of healthcare sub-​sectors, including hospitals, ​clinics, pharmaceuticals, ​medical technology, and ​medevac.


BUYOUT

Investment to obtain ​controlling shares of ​established companies.


GROWTH CAPITAL

Primary transaction to ​purchase significant-minority ​shares in growing, ​established, and scalable ​companies


Our People

Hilmi Panigoro - Se​nior Advisor

Hilmi currently serves as the President Director of Medco Energi International Tbk (IDX: MEDC), one of ​Indonesia’s largest energy companies. He successfully acquired second largest copper and gold mining fir​m Amman Mineral International Tbk (IDX: AMMN) from Newmont Corporation and brought the company public ​in 2023 as one of the largest IPO in Indonesian history. Hilmi also acquired U.S. oil giant ConocoPhillips’ as​sets in 2022 as one of the largest oil asset nationalization in the country. Hilmi holds a Bachelor of Enginee​ring in Geology from Institut Teknologi Bandung. He also holds Master of Business Administrati​on from Thunderbird University and Master of Science from Colorado School of​ ​Mines.


dr. H. Hendra Rini Dharsono, MPH - Senior Advisor

Rini is a distinguished medical professional with a wealth of experience in both clinical and administrative ​roles. Rini's career is marked by significant leadership roles in healthcare. She served as the Director of ​Melinda 2 Hospital, where she played a pivotal role in advancing the hospital's services and patient care ​standards. Prior to this, she was the Medical Support Manager at Hermina Hospital in Bandung. In addition to ​her hospital roles, Rini contributed to public health initiatives as an apparatus at the Dinas Kesehatan Kota ​Bandung, involved in shaping public health policies and programs to improve community health outcomes.

She earned her medical doctor from Universitas Padjajaran and later pursued a Master of Public Health f​rom the prestigious Johns Hopkins University.


Yusadha A. Panigoro - Managing Partner

Yusadha is a serial entrepreneur with previous experience as a Director at Grahamas Citrawisata Tbk,​ engaged in property improvement program (PIP) and management of hospitality business. Prior to that, he​ worked for CIMB Niaga corporate banking division and Bahana Sekuritas. Currently, he is also an owner of a​ power generation and HVAC rentals company, as well as a hospitality business. Yusadha is a Bachelor of​ Economics from Universitas Katolik Parahyangan.​


Abdul Barry - Managing Partner

Barry has an extensive knowledge and experience of managing a healthcare group. He served as CEO of ​Radjak Hospital Group in 2019-2023 after previously served as a Director for more than a decade. ​Currently, he manages Universitas MH Thamrin and is an active member of hospital industry association ​(PERSI). Barry got his diploma from Sekolah Tinggi Akuntansi Negara and holds a master’s degree in ​hospital administration (MARS) from Universita​s​ Indonesia.


Ivan Indrapermana, CFA - Partner and CFO

Ivan has an extensive experience in capital market. He began his career in as an analyst at Bahana TCW ​Investment Management and head of research at AIA. He is a cofounder and CFO at Christmas Corporation, ​an investment management company and a registered investment adviser with the U.S. Securities and ​Exchange Commission. Ivan is a self-taught programmer and data scientist. He holds a bachelor’s degree in ​accounting from Universitas Indonesia and is a CFA charterholder.

Hizrian F. Raz - Founding Partner

With 15 years of experience in founding, investing, and operating businesses, Hizrian began his ​venture at ​Raz Capital, Investing in palm oil plantation, coal mining, and real estate. Hizrian is an active investor in ​global stock market and alternative investments. Hizrian holds Bachelor of ​Economics in International ​Economics from Universitas Indonesia and Bachelor of Commerce in Finance ​from University of ​Queensland. Hizrian also holds Master of Science in Innovation from Singapore ​Management University and ​Executive Education in Entrepreneurship from Babson College.


Eduardus Christmas - Founding Partner

Eduardus is an entrepreneur and investor with expertise in corporate finance, equity valuation, and portfolio ​management. He is the CEO of Christmas Corporation, an investment management company and a ​registered investment adviser with the U.S. Securities and Exchange Commission, founded in 2015. ​Eduardus began his entrepreneurial journey by founding a mobile app developer company and received ​Telkom Indigo Fellowship Award. He also advised on private equity dealings since 2016. Eduardus is a stock ​market investor since 2003 and is a pianist with special interest in jazz music. He holds a bachelor’s degree ​in economics from Universitas Indonesia.


dr. Ika Sofrina, MKK

Ika is a highly experienced healthcare professional with nearly three decades of expertise in hospital ​administration, marketing, and occupational health. She has held key leadership roles, most recently ​serving as Hospital Director at Radjak Hospital Salemba and Sentra Medika Hospitals, where she excelled ​in strategic planning, policy development, and operational management. Her leadership has consistently ​enhanced hospital performance in both revenue and patient care. Dr. Ika holds a Master's degree in ​Occupational Health from Universitas Indonesia and medical degree from Universitas Sriwijaya.

Endah Lestari

Endah has an extensive experience in operations and brand management across various industries. As COO ​of Lakuemas Indonesia, she spearheaded the expansion of gold trading services and forged key digital ​partnerships. Previously, as CEO of Kios Cipta Kreasi, an entertainment technology firm, she adeptly ​managed brand crises and led a successful pivot during the Covid-19 pandemic. She began her career at ​PricewaterhouseCoopers Indonesia and holds a Bachelor's degree from Universitas Indonesia.

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PT EQUISTRA ADVISOR INDONESIA

Tokopedia Tower Ciputra World 2, 37th floor

Jl. Prof. Dr. Satrio Kav. 11

Jakarta Selatan 12950

Indonesia



EQUISTRA CORP

166 Geary Street, STE 1500 Suite 310

San Francisco, CA 94108

United States



info@equistracorp.com