Corporate and M&A in Indonesia

ABNR Counsellors at Law

ABNR Counsellors at Law has a broad corporate and M&A practice but stands out in sectors such as banking, TMT, pharmaceuticals and healthcare. Agus Ahadi Deradjat heads the practice and is notably strong in the technology sector. Emir Nurmansyah is also a name to note and focuses on transactions and restructurings. Also recommended is Chandrawati Dewi, who handles restructuring, M&A and privatisation matters, and Ayik Candrawulan Gunadi, who advises on general corporate issues.

Practice head(s):

Agus Ahadi Deradjat 

Testimonials

‘They are prompt and to the point in their advice.’

‘Always easy to communicate with.’

Key clients

Mitsubishi Corporation

Mitsui Corporation

Marubeni Corporation

LG International

Daimler AG

Novartis International

Johnson & Johnson

Henkel AG & Co KGaA

SAAB Group

Volvo Group

Work highlights

  • Assisting Hyundai Motor Company with its plan to move its regional head office to Indonesia and make Indonesia its Southeast Asia manufacturing hub.
  • Acting as Indonesian counsel to General Electric on the global sale of its water-processing technology business and assets in multiple jurisdictions to France-based GDF Suez (now Engie).
  • Acting as counsel to Pegatron in relation to the setting up of its new iPhone manufacturing operation in Batam.
  • Acting as counsel to PT Layar Persada on its $70m sale through the negotiated market of a 40% interest in PT Graha Layar Prima Tbk (a leading publicly listed Indonesian multiplex operator) to British Virgin Islands-based private equity company Coree Capital Ltd.

Assegaf Hamzah & Partners

Assegaf Hamzah & Partners handles both M&A and private equity deals pertaining to the banking, natural resources, aviation, retail and TMT sectors.  Practice head Eko Basyuni is an expert in M&A transactions concerning areas such as natural resources and TMT. Managing partner Bono Daru Adji is highly experienced in M&A and general commercial matters. Other noteworthy individuals include Ahmad Fikri Assegaf, who is notably skilled in the banking, petrochemicals, and oil and gas sectors; Valerie Ngooi Ming Hui, who handles takeovers, M&A restructurings and corporate governance; Tunggul Utomo, who focuses on private equity, mining and financial services; and foreign counsel Carol Lim, who advises on cross-border M&A.

Practice head(s):

Eko Basyuni 

Key clients

Mitra Pinasthika Mustika Tbk

Amanda Cipta Persada

Mulia Sukses Mandiri

Provident Agro Tbk

Salam Pacific Indonesia Lines

CITIC Capital Partners Management Limited

Johnson Controls International plc

Fountainvest Partners (Asia) Limited

SCG Packaging Public Company Limited

Toppan Leefung Pte Ltd

Work highlights

  • Assisted SCG Packaging, through its affiliated company in Singapore, SCGP Solutions (Singapore) Pte Ltd, with the acquisition of 55% of the total capital in PT Fajar Surya Wisesa Tbk from its founders and other shareholders.
  • Represented Toppan in acquiring a minority stake in PT Jasuindo Tiga Perkasa Tbk by way of acquiring existing shares owned by PT Jasuindo Multi Investama.
  • Advising on the $436m acquisition of an Indonesian lubricant manufacturer and marketer, PT Federal Karyatama, from MPM by Esso Petroleum Co Ltd and ExxonMobil UK Limited.
  • Advised on the acquisition of 51% of the issued and paid-up capital of a telecoms tower company, PT Visi Telekomunikasi Infrastruktur Tbk (GOLD), from Alfa and MSM by the second largest telecoms tower company in Indonesia, PT Tower Bersama Infrastructure Tbk.
  • Assisted Provident in divesting a 100% stake in three of its subsidiaries to local investors.

Ginting & Reksodiputro in association with Allen & Overy

Ginting & Reksodiputro in association with Allen & Overy covers the full spectrum of corporate and M&A matters, with a number of international companies on its client roster. The team has expertise in a variety of sectors and is experiencing a particular uptick in work relating to the technology, insurance and consumer sectors. Harun Reksodiputro co-heads the practice and is an expert in M&A, joint ventures, corporate restructurings and dispositions. Also leading the team is Sugianto Osman, who has a strong track record in M&A and private equity transactions. Of counsel Dion Alfadya is also skilled in M&A and general commercial matters.

Practice head(s):

Harun Reksodiputro; Sugianto Osman

Other key lawyers:

Dion Alfadya

Testimonials

‘The team is very technically sound and one of the best corporate M&A teams to work with in Indonesia.’

‘Very commercially minded lawyers.’

‘The team is really helpful and can be contacted at all times.’

Harun Rediksoputro is very responsive and always available as a good sounding board for various aspects of corporate law. He has extensive experience in Indonesia, so his input is especially relevant.’

Kenna Safrudin’s position as a newly promoted counsel is well deserved as he is extremely responsive and technically sound. He is commercially minded as well, and takes the initiative to drive matters.’

‘Associate Richele S. Suwita is very knowledgeable.

Key clients

FWD

PT Dharma Satya Nusantara Tbk

PT Tokopedia

Gojek

PT Polinasi Iddea Investama

QBE

FWD/PT Commonwealth Life

Logos SE Asia

Ebara Corporation

Work highlights

  • Advised QBE Insurance Group on the disposal of 100% of its shares in PT QBE General Insurance Indonesia to Great Eastern General Insurance Limited and PT Suryasono Sentosa for $28m.
  • Represented FWD Group, the pan-Asian insurance business of Pacific Century Group, on its acquisition of PT Commonwealth Life, the Indonesian life insurer, from Commonwealth Bank of Australia and its local partners.
  • Advising PT Tokopedia, an Indonesian online marketplace, on its $1.1bn series F fundraising led by SoftBank Vision Fund and one of China’s largest e-commerce and digital companies.
  • Acted as Indonesian legal adviser to Gojek on its first series F funding round led by Google, JD.com and Tencent, as well as several other investors including Mitsubishi Corporation and Provident Capital.
  • Assisted Halodoc in preparing and negotiating the transaction documents with respect to the $65m series B fundraising with its investors.

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie runs the gamut of corporate and M&A work and is regularly instructed in complex cross-border deals. Mark Innis is a key figure and regularly handles M&A, joint ventures, disposals and restructurings. Mita Djajadiredja is skilled in M&A, joint ventures and shareholder agreements. Erwandi Hendarta focuses primarily on the financial services sector, while Luke Devine focuses on the mining and infrastructure sectors, as does Norman Bissett. Also recommended is Iqbal Darmawan, who has a strong background in M&A involving public companies.

Practice head(s):

Mark Innis; Iqbal Darmawan; Erwandi Hendarta

Testimonials

‘Extremely pleased with the services provided by HHP. Pragmatic advise, very responsive, take the lead in negotiations, pro-active attitude, experienced lawyers, understand the client’s Needs. Transparent billing for services.’

‘Mark Innis is an extremely experienced lawyer and very knowledgeable. His wealth of experience is extremely helpful for foreign clients investing in Indonesia, very good negotiator, gives pragmatic advise and has strong problem solving attitude.’

Key clients

Bank of Tokyo Mitsubishi UFJ Ltd.

HSBC

Standard Chartered

PT Bank Rakyat Indonesia

PT Freeport Indonesia

AIA Group

China Life

Assicuraziono Generali S.p.A.

MSIG

MetLife

Prudential America USA

Zurich Life

AXA

Mapfre

Prudential (UK)

Allianz

Cigna Life

Jardines JLT

Guy Carpenter

Marsh

Liberty Mutual

Jardine Group

PT Rajawali Corpora

PT Astra International Tbk

FKS Group

Diener Syz Real Estate

OUE Limited

Ancora Capital

Meridian Capital

KV Asia Capital

Northstar Advisors Pte. Ltd.

PT Aplikasi Karya Anak Bangsa (Gojek)

Advanced Micro Devices Inc.

Ceragon Networks Ltd.

Siemens Healthineers

IDS Medical

Siemens AG

Felda IFFCO

Bridgestone

Mattel

NutraSweet

Boulangeries Paul

Bumble Bee Seafoods Inc.

Digitrading HongKong Limited

Solenis Llc

The Dairy Farm Group

L’Oreal Indonesia

SSP Group Plc

LC Waikiki

PT Aura Cantik

ISS Group

General Atlantic

Work highlights

  • Advised Mitsubishi UFJ Financial Group, Inc, through its commercial banking entity, MUFG Bank, on a strategic investment into PT Bank Danamon Indonesia Tbk.
  • Acting as Indonesian counsel for PTFI in the sale of its majority stake in the world’s second-biggest copper mine, Grasberg, to the government of the Republic of Indonesia, through PT Indonesia Asahan Aluminium (Inalum), for $3.85bn.
  • Acted for LafargeHolcim on the disposal of its 80.6% interest in Holcim Indonesia to Semen Indonesia in an auction process for an enterprise value of $1.75bn on a 100%  basis.
  • Representing Zurich Insurance Group on its acquisition of an 80% stake in Indonesian insurer Asuransi Adira Dinamika in an auction process from PT Bank Danamon Indonesia Tbk and a minority shareholder.
  • Represented IBJ Leasing Co, Ltd in relation to its acquisition of 63.63% of the shares of PT Verena Multi Finance Tbk through a rights issue process.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Fr

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills has built a formidable reputation for itself in the field of cross-border M&A, particularly in the financial services, TMT, consumer and natural resources sectors. Managing partner Iril Hiswara is a noteworthy name and specialises in the real estate and consumer sectors. David Dawborn is active across all areas but is perhaps best known for his work in the energy sector. Other key members of the team include Vik Tang, who is strong in financial services and fintech-related work; Sakurayuki, who is particularly active in the TMT sector; and senior associate Cellia Cognard, who is skilled in M&A and joint ventures.

Practice head(s):

Iril Hiswara; David Dawborn  

Other key lawyers:

Vik Tang; Sakurayuki; Cellia Cognard

Key clients

L’Oreal

Groupe SEB

Goldman Sachs (Asia) LLC

General Atlantic  GIC

Carlyle

Northstar

KKR

Diageo

Barclays

Sumitomo Corporation

Mitsubishi Corporation

Mitsui

Temasek

Mars Group

Volvo

IFFCO

Work highlights

  • Acted for Fullerton Financial Holdings on the three-stage divestment of its $4.5bn stake in Indonesian-listed bank PT Bank Danamon Indonesia Tbk.
  • Represented Bank Danamon on the sale to Zurich of its $414m (70%) stake in Indonesian insurer PT Asuransi Adira Dinamika by competitive auction.
  • Acted for Rio Tinto on the sale of its $3.5bn stake in Freeport’s Grasberg copper mine in a complex and high-profile sale to Indonesian state-owned mining enterprise Inalum.
  • Advised Sumitomo Corporation on its internet of things, telematics and precision agriculture joint venture with Topcon Corporation through Tierra.
  • Advised JD.com on its $2bn series F funding round in Indonesian unicorn Gojek by JD.com, Google and Tencent, with Mitsubishi Corporation and Provident Capital.

SSEK Legal Consultants

SSEK Legal Consultants has a strong track record in transactional work, particularly advising private equity houses on Indonesian investments. Ira Eddymurthy leads the practice and is notably active in the insurance and pharmaceutical sectors. Darrell Johnson focuses on the insurance sector, but is also known for his work in the natural resources space. Michael Carl is another key figure and has a particular presence in natural resources and TMT-related work. Financial services and tech specialist Fahrul Yusuf and Michael Twomey, who has extensive experience in the oil and gas sector, are also highly recommended.

Practice head(s):

Ira Eddymurthy

Key clients

General Electric

GIC Real Estate

KEB Hana Bank

Dusit Thani Hotels

Grab Inc.

Alibaba

Nissan

Rentokil Initial

Mastercard

GlaxoSmithKline

Work highlights

  • Advised the Indonesian Ministry of State-Owned Enterprises and PT Pertamina on the formation of Indonesia’s largest state-owned holding company, the Oil and Gas Holding SOE.
  • Acted as Indonesian counsel to General Electric in connection with the $3.25bn acquisition by global private equity firm Advent International of GE’s distributed power business.
  • Acted as Indonesian counsel to KEB Hana Bank in connection with the acquisition by LINE Corporation of a 20% stake in PT Bank KEB Hana Indonesia.
  • Acted as Indonesian counsel to SoftBank Vision Fund in relation to its strategic investments in the Indonesian digital economy.
  • Advised Procter & Gamble on the Indonesian aspects of its global acquisition of Merck’s consumer health business.

Makarim & Taira S.

Makarim & Taira S.' skillset in this space includes M&A, joint ventures and reorganisations, with a particularly strong presence in the manufacturing, hospitality and natural resources sectors. Rahayu Ningsih Hoed heads the practice and is notably strong in the energy sector. Commercial specialist Teddy Achmad Suprijadi is also strong in the energy sector, as well as in TMT and insurance. Managing partner Lia Alizia is skilled in transactions, corporate governance and general commercial matters.

Practice head(s):

Rahayu Ningsih Hoed

Other key lawyers:

Teddy Achmad Suprijadi; Lia Alizia 

Testimonials

‘Maria Sagrado has been attentive, cares for her client’s needs and is very efficient.’

Key clients

UBM Plc

Lotte Chemical Corp

PT BASF

ArcelorMittal Gonvarri Brasil Produtos Siderurgicos, S.A

KBR

Speedcast

Dimensions Data

HBO

Pertamina Geothermal Energy

Mapletree Investments

PT Aventis Pharma

Fermo GmbH

Monsanto

Halliburton

Flexicon Singapore Pte. Ltd.

PT Hyundai Machinery Indonesia

Legal Studio

Chatham Imports, Inc.

Dable Inc

Work highlights

  • Advised Hyundai Machinery on general commercial issues.
  • Advised Legal Studio on general corporate issues.
  • Assisted Chatham Imports with its distribution arrangement for the Indonesian market.
  • Assisted Badan Pelaksana Otorita Danau Toba with a memorandum of understanding with potential investors.

Makes & Partners

Makes & Partners represents both domestic and international clients in both M&A and private equity transactions. Managing partner Yozua Makes leads the practice and is skilled in handling M&A and corporate finance. Fransisca, S.H. and Iwan Setiawan also have expertise in M&A.

Practice head(s):

Yozua Makes

Other key lawyers:

Fransisca, S.H; Iwan Setiawan

Soemadipradja & Taher

Soemadipradja & Taher's broad corporate practice is particularly active in the healthcare, energy, technology and insurance sectors. Founding partner Rahmat Soemadipradja is a key figure and well known for his work in the natural resources sector. Retno Muljosantoso handles M&A, due diligence, and sale and purchase agreements. Emalia Achmadi is also highly skilled in M&A transactions.

Practice head(s):

Rahmat Soemadipradja

Other key lawyers:

Retno Muljosantoso; Emalia Achmadi 

Key clients

Merck KGaA

Great Eastern Life Insurance Limited

Singtel Innov8 Pte. Ltd.

LIXIL International Pte.Ltd.

Mitsui & Co

Rosneft Oil Company

GrabTaxi Holdings Pte. Ltd.

New Energy and Industrial Technology Development Organization (Japan)

Kin Group Pty. Ltd.

Great Eastern Life Insurance Limited

Work highlights

  • Provided advice in relation to the proposed disposal of Merck’s consumer health business in Indonesia.
  • Acted as local counsel on Great Eastern’s acquisition of a 95% stake in PT QBE General Insurance Indonesia.
  • Advised a client on its venture capital investment in digital healthcare platform Halodoc.
  • Acted as local counsel to Lixil, a Japanese company engaged in the manufacture of housing products and water technology, in respect of a joint venture to establish a trading company.
  • Represented Mitsui on its investment in the Axiata Group.

Widyawan & Partners

Widyawan & Partners has an enviable client roster of global corporations as well as some high-profile domestic companies. David Holme is a key figure and is notably strong in advising multinational companies on inbound investments. Another key name is Yolanda Hutapea, who is particularly active in the energy, consumer, TMT and financial services sectors. Karen Phang was recently promoted to partner and is experienced in M&A, joint ventures and restructurings.

Practice head(s):

David Holme; Yolanda Hutapea; Karen Phang

Testimonials

‘Yolanda Hutapea is very easy to work with and very responsive.’

Key clients

AXA PT

Pamapersada Nusantara

PT Bank Sumitomo

Mitsui Indonesia

Commonwealth Bank of Australia

Unilever

Go-Jek

Insurance Australia Group

Sumitomo Mitsui Banking Corporation

DP World True Corporation

Work highlights

  • Advised SMBC and PT Bank Sumitomo Mitsui Indonesia on the merger of PT Bank Sumitomo Mitsui Indonesia with PT Bank Tabungan Pensiunan Nasional Tbk.
  • Represented PT Pamapersada Nusantara (PAMA) in relation to the acquisition by its subsidiary, PT Danusa Tambang Nusantara, of the Martabe gold and silver mine located in the North Sumatra province.
  • Acted as Indonesian counsel to Unilever on the €6.825bn sale of its global spreads business to KKR.
  • Advised Commonwealth Bank of Australia on the auction sale of its Indonesian life insurance business, PT Commonwealth Life.
  • Advised AXA on its acquisition of a 40% stake in PT Mandiri AXA General Insurance from Bank Mandiri and the subsequent merger of MAGI with AXA’s other existing general insurance company, PT Asuransi AXA Indonesia.

Hanafiah Ponggawa & Partners

Hanafiah Ponggawa & Partners is very active in handling transactions and corporate matters involving the infrastructure, manufacturing, banking, technology and mining sectors. Giovanni Mofsol Muhammad is a key figure and highly skilled in M&A and joint ventures. Also recommended are Fabiola Hutagalung, who skilled in M&A, joint ventures and restructurings, and founding partner Al Hakim Hanafiah, who is particularly active in the natural resources sector.

Practice head(s):

Giovanni Mofsol Muhammad

Other key lawyers:

Fabiola Hutagalung

Testimonials

‘Denton HPRP’s team consists of people who have knowledge and experience from various industries. The team is able to deliver a satisfactory result within a very tight schedule.’

‘Andre Rahardian has deep knowledge of coal mining law and regulations as well as experiences of working with clients in the industry.’ 

Work highlights

  • Advised Indonesia Asahan Aluminium on its acquisition of 51% of shares valued at $3.8bn in Freeport Indonesia.
  • Assisted PT Barata Indonesia with the acquisition of Siemens’ assets in Indonesia in the form of a manufacturing plant valued at $5.6m.
  • Advised Kuala Lumpur Kepong’s subsidiary on its acquisition of a major stake in Putra Bongan Jaya.
  • Advised Hainan State Farms on its acqusition of shares in Indonesian listed company PT Kirana Megatara, Tbk.
  • Advised PT Dharma Satya Nusantara Tbk on its acquisition of PT Bima Palma Nugraha and PT Bima Agri Sawit.

Oentoeng Suria & Partners

Oentoeng Suria & Partners represents both international and domestic clients in corporate and M&A matters, with a particularly strong emphasis on the natural resources sector. Ratih Nawangsari leads the team and is highly experienced in handling cross-border M&A. Frédéric Draps, who recently joined from Ginting & Reksodiputro in association with Allen & Overy, advises on foreign investments and joint ventures. Atik Susanto has left the firm to start his own practice.

Practice head(s):

Ratih Nawangsari

Other key lawyers:

Frédéric Draps

Testimonials

‘Very helpful, responsive, knowledgeable, client-oriented. Work product is dependably very good quality.’

‘Ratih (Ipop) Nawangsar is terrific. Very knowledgeable, very responsive, very helpful.’

Work highlights

  • Represented PT Indonesia Asahan Aluminium on its $3.85bn acquisition of a 51% interest in the Grasberg mine from leading mining companies Freeport-McMoRan and Rio Tinto.
  • Advised Chugoku Electric Power Company on its acquisition of a substantial interest in the 18MW Pakkat hydroelectric power plant located in North Sumatra, Indonesia, from the Kencana Energy Group.
  • Assisting Toll Group with the preparation and establishment of a joint venture arrangement in Indonesia with PT Salam Pacific Indonesia Lines to engage in multimode transportation and freight forwarding business activities.

Melli Darsa & Co.

Melli Darsa & Co. is experienced in handling M&A and general corporate matters. Name partner Melli Darsa is the key contact and highly skilled in the aforementioned areas. She is supported by Indra Allen, who is also an expert in M&A transactions.

Practice head(s):

Melli Darsa

Other key lawyers:

Indra Allen

Mochtar Karuwin Komar

Mochtar Karuwin Komar acts for both domestic and international clients, and primarily assists them with general corporate advisory work. Ariani Nugraha leads the team and is experienced in M&A, restructuring and general advisory issues.

Practice head(s):

Ariani Nugraha

Roosdiono & Partners

Roosdiono & Partners leverages its partnership with Zico Law and is very skilled in handling pan-Asian deals. Hanim Hamzah, who is based in Singapore, leads the corporate and commercial team. She is supported by Jakarta-based Barry Rolandi and Jade Hwang. Rolandi is particularly skilled in fintech issues and acts for a number of Korean clients. Hwang was recently promoted to partner and has advised on deals involving Korean and Chinese parties. Poppy Cut Rahmasuci joined UMBRA – Strategic Legal Solutions.

Practice head(s):

Hanim Hamzah

Other key lawyers:

Barry Rolandi; Jade Hwang

Key clients

Kookmin Bank

LINE Financial

SF Express

Work highlights

  • Advised Kookmin Bank on its acquisition of shares in Bank Bukopin.
  • Advising SF Express, a PRC logistics company, on its joint venture investment with Tokopedia and Adi Sarana Armada Tbk.

TNB & Partners

TNB & Partners is highly skilled in M&A, restructuring and compliance, and represents a number of multinational clients in this space. Benny Bernarto co-heads the practice and is an expert in M&A, particularly in sectors such as energy, technology, healthcare and real estate. Kresna Panggabean also leads the team and advises on regulatory and general corporate issues. M&A and restructuring specialist Shamim Razavi, who splits his time between Sydney and Jakarta, is also highly recommended.

Practice head(s):

Benny Bernarto; Kresna Panggabean

Other key lawyers:

Shamim Razavi 

Work highlights

  • Advising global freight forwarding company Kerry Logistics Network Limited on an Indonesian acquisition and restructuring transaction.
  • Advising International Container Terminal Services on the sale and purchase agreement of its Indonesia operations.
  • Acting for global shared workspace provider WeWork on its lease agreement at Menara Astra.
  • Acting for Noble Group on the sale of its palm oil plantations.

Bagus Enrico & Partners (BE Partners)

Bagus Enrico & Partners (BE Partners) is experienced in M&A, formations, joint ventures, and private and commercial contracts. Bagus Nur Buwono  leads the team and has extensive experience in cross-border M&A. Other notable names include Enrico Iskandar, who is skilled in M&A in the hospitality, manufacturing and TMT sectors; and Debu Batara Lubis, who is also experienced in M&A, as well as in general commercial matters.

Practice head(s):

Bagus Nur Buwono

Other key lawyers:

Enrico Iskandar; Debu Batara Lubis

Work highlights

  • Acting for YTL Cement Berhad as Indonesian counsel on the proposed bidding exercise for and acquisition of PT Holcim Indonesia Tbk and its subsidiaries.
  • Assisting and representing ITE Group on the Indonesian side of the global sale of its trade exhibitions business to UBM Group.
  • Assisting with the corporate restructuring and advising the joint venture arrangement of PT Thai Union Kharisma Lestari.
  • Acting as lead counsel for Etiqa (as the purchaser) on the approximately IDR220bn acquisition of Asuransi Asoka Mas.
  • Advising Pacific Star Holdings (as the purchaser) on the approximately $70m acquisition of 100% of the shares in an Indonesian company.

Hogan Lovells in association with Dewi Negara Fachri & Partners

Hogan Lovells DNFP leverages its international offices and is very skilled in advising on general corporate and commercial issues for international and domestic clients. Anthony Woolley is a key figure and advises on acquisitions and joint ventures. Noor Meurling has retired.

Practice head(s):

Anthony Woolley

Key clients

C88 Financial Technologies (Group) Pte Ltd

PT Polyplex Films

International Games Broadcast Services AG

Work highlights

  • Acting as Indonesian counsel in a $28m series C equity funding for C88 Financial Technologies (Group) Pte Ltd led by Experian, a global information services company based in Dublin.
  • Advising PT Polyplex Films Indonesia on the acquisition of several plots of land in an industrial estate for the establishment of its factory in Indonesia.
  • Advising International Games Broadcast Services (IGBS) in relation to the broadcasting contracts and licences procurement for the 2018 Asian Games.

Hutabarat Halim & Rekan

Hutabarat Halim & Rekan has expertise in M&A, joint ventures, corporate governance and restructurings. Foreign legal consultant Peter Fanning is a key figure and very active in the natural resources sector. Nini Halim is also highly recommended and is an expert in M&A and corporate restructuring.

Practice head(s):

Peter Fanning; Nini Halim

Leks&Co

Leks&Co is an expert in corporate and commercial matters pertaining to the real estate sector. Managing partner Eddy Leks leads the team and has extensive experience in the aforementioned areas.

Practice head(s):

Eddy Leks

Testimonials

‘Compared to other firms, their price is more reasonable with the same service quality.’

‘They are cooperative and willing to discuss and adjust based on our needs.’

Key clients

Takenaka Indonesia

Deltamas Group

China Railway Group

Ciputra Group

Metropolitan Development

Creed

Gojek

China Harbour Group

Country Garden Indonesia

TJ Silvanus Group

Work highlights

  • Represented Creed Group in the acquisition of shares in a target company.
  • Assisting TJS Group with due diligence, transactional documents and negotiation, as well as with the acquisition of property in Central Jakarta.
  • Represented TJS Group in the acquisition of land located in Jakarta’s central business district.

Tjajo & Partners

Tjajo & Partners regularly advises on deals involving state-owned entities and the financial services sector. Founding partner Rambun Tjajo jointly leads the practice and is highly skilled in M&A and general corporate matters. Also leading the team is Melissa Butarbutar, who also specialises in M&A transactions.

Practice head(s):

Rambun Tjajo

Other key lawyers:

Melissa Butarbutar

Work highlights

  • Advising Semen Indonesia as the buyer in the acquisition of an 80.6% interest in Holcim Indonesia held by Holderfin BV.
  • Representing Danareksa as the seller in the sales of shares of Danareksa Sekuritas and Danareksa Investment Management to Bank Rakyat Indonesia Tbk.
  • Representing Bank Agris Tbk in the sale of a majority stake to Industrial Bank of Korea.
  • Acting for Minna Padi Investama Sekuritas on the proposed acquisition of Bank Muamalat.
  • Representing Danareksa in the purchase of 67% of the shares in Jalin Pembayaran Nusantara.

UMBRA – Strategic Legal Solutions

UMBRA – Strategic Legal Solutions continues to grow its presence in the Indonesian corporate market and is handling transactions in the TMT, public, energy and natural resources, property, consumer and healthcare sectors. Managing partner Pramudya Oktavinanda is an expert in M&A, private placements and joint ventures. He is supported by Putu Raditya Nugraha, who primarily focuses on M&A transactions concerning fintech and financial services. Another key member of the team is Reggy Firmansyah, who is known for his work in the energy and natural resources space. Poppy Cut Rahmasuci joined from Roosdiono & Partners.

Practice head(s):

Pramudya Oktavinanda

Testimonials

‘UMBRA provides an end-to-end legal service from the initiation until the execution stage.’

‘Pramudya Oktavinanda has extensive and deep knowledge of M&A, whether in the M&A process or details of the transaction agreement.’

Key clients

Telkom Indonesia

Jasa Marga

Perusahaan Gas Negara

PLN

Indonesia Power

Pembangkitan Jawa Bali

Telekomunikasi Indonesia International

Dayamitra Telekomunikasi

Sentul City Tbk.

Citra Multi Energy

Kodeco Group

PT Danatama Sekuritas

Crowe Horwarth Indonesia

Kimia Farma

Visionet Internasional

Grab Indonesia

Work highlights

  • Representing Telkomsel in a proposed strategic investment and JV arrangement with multiple state-owned enterprises for the acquisition and development of LinkAja, the Indonesian e-money and e-wallet company to be co-owned by Indonesian state-owned enterprises.
  • Representing and assisting the Ministry of State-Owned Enterprises and a number of state-owned businesses with the proposed establishment of an Indonesian state-owned infrastructure holding company (BUMN Holding Project), creating the biggest construction holding group in Indonesia.
  • Representing Mitratel in its proposed acquisition of a major telco tower company with more than 1,000 towers
  • Acting for RNI in its proposed divestment of PT Phapros Tbk, a major listed pharmaceutical company, to PT Kimia Farma (Persero) Tbk, another major listed pharmaceutical company
  • Advising Perusahaan Gas Negara Tbk on the proposed acquisition of government majority shares ownership by PT Pertamina (Persero).