Singapore private equity, Quadria Capital bought a minority stake in PT Medialoka Hermina Tbk (HEAL).

Quadria's investment is carried out through its fourth investment vehicle, namely Quadria Capital Fund II L.P. This investment will also be the third for Quadria Capital Fund II.

"We believe Quadria will help the company towards the next phase of growth," said Medialoka Hermina President Director Hasmoro in a statement in Jakarta, Tuesday (23/3).