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Who Represents Who

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Assegaf Hamzah & Partners has a strong track record in equity and debt issuances in Indonesia, and clients include Bank Mandiri and Telkom. Practice head Bono Adji recently advised Credit Suisse on the issuance of senior notes by Japfa Comfeed, and also acted for MedcoEnergi regarding its shelf offering. Ahmad Fikri Assegaf acted for Credit Suisse in the issuance of senior notes, and assisted Sritex with unconditional and irrevocable guarantees given by the client and subsidiary Sinar Pantja Djaja. Senior associate Mohammad Renaldi Zulkarnain is also heavily involved in corporate finance transactions.

Ginting & Reksodiputro in association with Allen & Overy works heavily in this space, with clients including the likes of Citi, HSBC and UBS. Harun Reksodiputro advised the Indonesian government on its GMTN programme, while Sugianto Osman advised BUMA on senior notes and a secured facility. Osman also acted on the rights issue of Centratama Telekomunikasi Indonesia. Daniel Ginting assisted Indika Energy with a senior notes issuance by Indika Energy Capital II. Senior associate Mohammad Andrew has experience in debt and equity transactions.


Makes & Partners

Maintaining a position as a prominent legal player in the field of Capital Market for more than 22 years, Makes & Partners continues to deliver excellent and professional services which have been widely acknowledged by the legal community. In late 2015, Makes & Partners received an award for its role in the massive Global IPO of PT Mitra Keluarga Karya Sehat Tbk. Overcoming challenges posed by the stringent application of Indonesian Capital Market laws and regulations in addition to issues encountered in the highly regulated field of health care. The Global IPO of said company is considered as the largest Indonesian IPO for private companies in recent years, raising approximately $344m.

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Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie has diverse capital markets capabilities, and clients include DBS Bank and Bank Central Asia. Iqbal Darmawan has expertise in both debt and equity capital markets, and represented Indosat in its shelf registration of a bond which involved Islamic finance elements. Indah Nurwitri (Indah) Respati advised Prodia on its IPO and listing on the Indonesian Stock Exchange, and Siloam on its rights issue. Senior associate Ken Prasadtyo is also a key figure and played a leading role in Prodia’s IPO.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has a significant capital markets practice led by Tjahjadi Bunjamin and David Dawborn. Bunjamin assisted a number of international banks on the IPO of Cikarang Listrindo. He also advised a number of parties on the IPO of Aneka Gas Industri and assisted placing agent Morgan Stanley Asia with the placing of shares in Lippo Karawaci, with a value of up to $50m. Senior associate Viska Kharisma Fajarwati is also a key figure for capital markets work.

Makes & Partners’ practice is led by Yozua Makes and Iwan Setiawan, who work heavily on capital markets transactions. Setiawan advised Bentoel Internasional Investama and Sierad Produce on the respective issuing of shares to existing shareholders through pre-emptive rights structures, and Lippo Karawaci on its issuance of $260m in senior notes.

Ali Budiardjo, Nugroho, Reksodiputro has assisted issuers and arrangers on debt and equity matters. Freddy Karyadi was instructed by Toba Sejahtra on the divestment of its shares in the power and coal company Toba Bara Sejahtra. He also advised Mitsui & Co and Fujimori Kogyo Co on the joint indirect acquisition of Champion Pacific Indonesia. Rita Tyastuti Taufik advised Samurai Paint on the listing of Samurai 2K Aerosol on the Singapore Stock Exchange.

Makarim & Taira S.’s practice works with issuers, investment banks and other financial institutions, and is experience in both public and private offerings. Maria Sagrado is a key contact and has worked with many multinational clients on capital market transactions.

Melli Darsa & Co.’s capital markets practice is led by Melli Darsa, who is experienced in both debt and equity offerings. The firm recently became part of the PwC network, which strengthens its capabilities even further in this area.

SSEK Legal Consultants has significant experience in securities law compliance regarding M&A transactions as well as capital markets transactions. Ira Eddymurthy represented Credit Guarantee and Investment Facility in its role as guarantor in the issuance of two tranches of medium-term notes. Michael Carl advised China Construction Bank on its acquisition of a stake in Bank Windu and merger with Bank Anda.

The ‘solid and reliableSoemadipradja & Taher regularly works on capital market transactions (including IPOs), regulatory and compliance matters, and warrants. Emalia Achmadi worked alongside Freshfields Bruckhaus Deringer in advising Saka Energi Indonesia on the issuance of bonds to the Singapore Stock Exchange. Retno Muljosantoso and Emalia Achmadi are also key contacts.

Witara Cakra Advocates (WCA) in association with White & Case’s practice is led by Kristo Molina, who previously worked at Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills and is well known for his capital markets work. He recently represented International Finance Corporation in its investment in Aneka Gas Industri, in conjunction with its IPO in Indonesia. He also assisted CIMB Securities and Ciptadana Sekuritas as underwriters regarding Bintraco Dharma’s IPO. Banking and finance specialist Fajar Ramadhan is also a key figure and recently advised Ooredoo on Ooredoo International Finance’s update to its GMTN programme.

Hanafiah Ponggawa & Partners’ capital markets team is experienced in IPOs as well as equity follow-on offerings and debt issuances. The team is led by Erwin Kurnia Winenda, Al Hakim Hanafiah and Andre Rahadian. The firm recently advised Jasa Marga on a rights issue, and assisted Sriwijaya Air with its IPO.

Mochtar Karuwin Komar was instructed by a number of multinational companies on their employee stock ownership plans. The firm also assisted publicly listed companies on their articles of association and other corporate governance documents.

Oentoeng Suria & Partners’ capital markets practice is led by Ratih (Ipop) Nawangsari and Atik Susanto, who both have extensive experience in this area. Nawangsari was instructed by Soechi Lines and Mandiri Sekuritas on the issuance of medium-term notes.

Widyawan & Partners’ work in capital markets was significantly strengthened by Adrian Pranata joining from Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills. He recently assisted Pan Brothers with the issuance of senior notes, and also advised Credit Suisse on debt restructuring for BNBR in the form of debt-to-equity conversions through mandatory convertible bonds and a non-pre-emptive rights issue.

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