The Legal 500

Hadiputranto, Hadinoto & Partners’ team is ‘plugged in to the right people’ and is praised for its partner-level involvement on deals. Rambun Tjajo heads a team that has been particularly busy on equity work over the past year; it advised Indonesia’s largest coal mining company, Bumi Resources Minerals, on its $240m IPO on the Indonesian stock exchange.

The small but quality team at Melli Darsa & Co. regularly advises local companies on IPOs and share issuances, and has good links with international banks. Recent highlights include advising Indofood on its IDR6.2 trillion IPO. The imposing Melli Darsa leads the practice, and receives glowing praise for her tough approach to deals. The ‘up-and-coming’ Elizabeth Silalahi is also recommended.

Ali Budiardjo, Nugroho, Reksodiputro has a long track record of advising on major listings, and recently advised a large local plantation company on its IDR2.6 trillion IPO. The highly regarded Oene Marseille and Zen Umar Purba are recommended.

The well-respected team at Assegaf Hamzah & Partners is praised for its responsiveness and business savvy approach. It recently advised Berau Coal on its $155m Rule 144A IPO. Bono Daru Adji is recommended.

The newly formed Ginting & Reksodiputro in association with Allen & Overy recently advised Standard Chartered Bank as joint lead manager in a $165m bonds isuance for Global Mediacom. Former Hadiputranto, Hadinoto & Partners partner Harun Reksodiputro leads the practice.

Hiswara Bunjamin & Tandjung has particular strength on cross-border deals and taps in to the Herbert Smith (Thailand) Limited network for much of its deal flow. Tjahjadi Bunjamin and David Dawborn lead a practice that recently advised Thailand’s biggest coal company Banpu on a $400m block trade of Indonesian stock for its listed subsidiary Indo Tambangraya Megah. Other highlight transactions included advising Credit Suisse and Morgan Stanley as joint book runners on a $130m issuance of senior notes guaranteed by PT Bakrie Telecom. Newly made-up partner Kristo Molina is also rated.

Makarim & Taira S. has a solid capital markets pedigree and regularly advises borrowers particularly in the energy and natural resources sectors. Ratna Iskandar is recommended.

The compact team at Makes & Partners has a strong local client base across a broad range of sectors and was kept busy across 2010 and 2011 with share issuances. The practice recently advised property company PT Agung Podomoro Land on its IDR2.2 trillion IPO on the Indonesian stock exchange, with JPMorgan and Deutsche Bank acting as international sellers. Yozua Makes is well connected with local regulators and is highly recommended.

Linda Widyati heads the practice at Soemadipradja & Taher, which recently advised UK-listed Vallar on the acquisition of stakes in Berau Coal and Bumi Resources, involving a $3bn cash and stock transaction. Other standout deals included representing Bank Syariah Muamalat on regulatory issues and a rights issue. Dezi Kirana is recommended.

Hendra Soenardi has a good local client roster and has previously advised major coal producers such as Adaro Energy on capital markets matters. Eddy Hendra is the main contact.

Miranti Ramnadhani heads the practice at Mochtar Karuwin Komar, which recently represented the underwriter in Berlian Laju Tanker’s new share issue. It also advised rubber processing company Sri Trang on due diligence prior to its Singapore listing. Other major transactions included advising mobile telecoms carrier Axis on a $1.2bn sharia-compliant 
financing for the purchase of networking equipment, which included several tranches of loans. In 2011 Gita Tiffany Boer left the firm to go in-house.

Soewito Suhardiman Eddymurthy Kardono has seen a steady stream of capital markets related work arising out of acquisitions by foreign investors of Indonesian companies. The practice recently advised Australian company Reliance Resources on the acquisition of mining assets in Indonesia and the listing of the acquiring company on the Australian Securities Exchange. Jonathan Streifer is recommended.

Bahar & Partners has a good reputation for its energy-related work, and has experience advising on IPOs. Wahyuni Bahar is recommended.

The small team at DNC has experience advising on IPOs, bond issuances, derivative transactions and asset-backed securities.

Hanafiah Ponggawa & Partners has experience advising a broad range of domestic and overseas financial institutions. Al Hakim Hanafiah heads the practice.

Pheo M Hutabarat is the main contact at Hutabarat Halim & Rekan. The firm has experience on IPOs and bond issuances, and recently advised vehicle manufacturer and distributor Indomobil on a $300m Rule 144A/Regulation S share issuance.

At Lubis Ganie Surowidjojo Arief 
Surowidjojo leads a team that is rated for its experience on bond offerings. Highlights included advising a mining company in a major share transfer.

Kartini Muljadi & Rekan has a solid local client roster and has experience advising on listings, IPOs, de-listings and rights issues. Name partner Kartini Muljadi is recommended.

Oliver Wright heads an ‘approachable and highly responsive’ team at Mataram Partners that has experience working on takeovers of Indonesian public companies, and in 2011 advised the subsidiary of a Singaporean shipping company on its IPO.

Oentoeng Suria & Partners has experience advising underwriters and energy companies on listings. Noor Meurling and Toby Grainger are recommended.