PT Armada
Funded

Invest to ride on the next big wave in Bali

DEAL TYPE Convertible bonds
TENOR 24 Months
CONVERSION DISCOUNT 10.00%
INTEREST RATE 8.00%
MINIMUM INVESTMENT SGD 50,000
FUNDRAISING GOAL SGD 500,000
HEADQUARTERS Indonesia

Investment highlights

Strong global presence

Flow House is an international brand name: with more than 130 machines operating worldwide, it is an iconic attraction that draws Flow Riders from afar to venues for competition and recreation

Experienced management team

With shareholders from two of the largest Lifestyle and Entertainment groups in Indonesia, WAVE is committed to the impeccable execution and delivery of the Flow House experience

Strong commitment

Substantial investment made by founding shareholders to obtain franchise rights, licenses, land and machinery, securing financing from an international financial institution; strong commitment and alignment to realise success

Use of proceeds

Proceeds will provide the boost capital to ensure the impeccable execution of the Flow House experience

  • Completion of CAPEX Programme to establish Armada Flow House as the premier lifestyle and entertainment venue in Bali
    • Construction costs: finance additional costs for interior design, additional works
    • Euphoric ambience: purchase special lighting and sound equipment to create an exhilarating atmosphere
  • Full upfront payment of lease for 15 years
    • Full payment will bring significant uplift to the subsequent monthly cash flows of the business
    • Preferential rate (30% below market) secured on land situated in a prime district in Bali

Background

Participate in the First and Exclusive Flow House Concept in Bali and Indonesia
  • Adapting a global brand and forging strong local partnerships, Armada seeks to be the premier lifestyle and entertainment venue in Bali
  • Concept is exclusive to Armada, situated in a prime destination for tourists with good accessibility and along the main traffic conduits
  • Shareholders lend support through two of the largest lifestyle and entertainment brands in Indonesia; strong management team with a proven track record in operations, hospitality management and design
  • This is the follow-on round of PT Armada's fundraising efforts for Armada Flow House, the first of its portfolio Lifestyle & Entertainment concepts in Indonesia
De-risked investment with opportunity to participate in equity ownership at discount to market valuation

Traction

International brand name | 130+ machines operating worldwide