Makes & Partners > Jakarta, Indonesia > Firm Profile

Makes & Partners Offices

Makes & Partners
MENARA BATAVIA 7TH FLOOR
JL KH MAS MANSYUR KAV 126
JAKARTA 10220
Indonesia
Visit website 62 21 574 7181 62 21 574 7180

Makes & Partners > The Legal 500 Rankings

Indonesia > Capital markets Tier 1

Makes & Partners couples in-depth local law expertise with end-to-end capabilities in the capital markets arena, acting for a number of Indonesian clients in respect of a number of innovative mandates. Yozua Makes, founding and managing partner, lends his extensive experience to this practice, working alongside practice head Iwan Setiawan, who has led the team in a number of high-profile IPOs. Bernardus Billy is another key contact, acting in a number of key equity and debt capital market transactions including major re-IPO deals and global bond transactions.

Practice head(s):

Yozua Makes; Iwan Setiawan; Bernardus Billy

Key clients

PT Bank Mandiri (Persero) Tbk

PT Global Digital Niaga Tbk

PT Lippo Karawaci Tbk

PT Profesional Telekomunikasi Indonesia

Golden Energy and Resources Limited

PT Kawasan Industri Jababeka Tbk

PT Bentoel International Investama Tbk

PT Victoria Investama Tbk

PT Bali Towerindo Sentra Tbk

PT Ferron Par Pharmaceuticals (Dexa Medica Group)

PT Bank Ganesha Tbk

PT Tunas Baru Lampung Tbk

PT Mora Telematika Indonesia Tbk.

PT Sejahteraraya Anugrahjaya Tbk. (Mayapada Hospital)

PT Grahaprima Suksesmandiri Tbk.

Work highlights

  • Advised PT Kawasan Industri Jababeka Tbk in an exchange offer transaction amounting to USD185,856,000 of 6.50% Notes Due 2023.
  • Advised PT Global Digital Niaga Tbk in the second largest IPO in Indonesia of 2022 and the fifth largest in the history of the Indonesian Stock Exchange.
  • Assisting PT Bentoel International Investama Tbk in the first Go-Private transaction in Indonesia under POJK 3/2021.

Indonesia > Real estate Tier 1

Makes & Partners advises major real estate conglomerates on a wide range of matters, including the acquisitions of commercial, residential and healthcare properties. In addition, its close connection with government and regulatory authorities ensures the firm can effectively and efficiently navigate the complex regulations surrounding real estate transactions. Fransisca, the practice leader for the firm, regularly advises multi-national corporations on acquisitions regarding hospitality properties. Also of note for her work across the real estate sector is Angela Epiphani Reformanda. In May 2023, Sabrina Fauzanazila joined the firm from an in-house position.

Practice head(s):

Fransisca

Other key lawyers:

Angela Epiphani Reformanda; Sabrina Fauzanazila

Key clients

PT Agung Podomoro Land Tbk.

PT JTD Jaya Pratama

PT Lippo Karawaci Tbk.

PT Plaza Indonesia Realty Tbk and PT Plaza Indonesia Investama

PT Kawasan Industri Jababeka Tbk.

PT Multipolar Technology Tbk

PT Summarecon Agung Tbk

PT Royal Pacific Nusantara

PT Pakuan Tbk.

Work highlights

  • Advised PT Agung Podomoro Land Tbk, a giant real estate developer in Indonesia, in the sale of its ownership over Central Park Mall.
  • Assisted PT Kawasan Industri Jababeka Tbk in an exchange offer transaction, amounting to USD185,856,000, of 6.50% Notes due 2023 and a consent solicitation exercise.
  • Advised PT Lippo Karawaci Tbk. (the “Company”) in connection with the consent solicitation and notes tender offer of the Company.

Indonesia > Corporate and M&A Tier 2

Makes & Partners covers a wide range of corporate transactions, acting across high-profile M&A, joint ventures, and investments, with strengths in respect to clients active in the real estate, telecoms, and natural resources spaces. Fransisca heads up the team, working alongside founding partner Yozua Makes, who brings his expertise in corporate matters and transnational mergers to the group. Bernardus Billy is noted for his track record in handling corporate matters for technology and telecoms clients. Senior partner Iwan Setiawan is another name to note.

Practice head(s):

Yozua Makes; Fransisca; Bernardus Billy; Iwan Setiawan

Testimonials

‘The team is very good at communicating the legal aspects to accommodate commercial deals.’

‘Very responsive and always deliver an excellent service.’

Key clients

PT First Media Tbk

Asia Link Dewa Pte. Ltd

PT Anugerah Surya Pacific Resources

PT Samator Indo Gas Tbk

PT Victoria Investama Tbk

PT Sarana Sakti Pratamadaya

PT Fliptech Lentera Inspirasi Pertiwi

Almar Water Solutions B.V

Kohlberg Kravis Roberts & Co. L.P.

PT Lasmana Swasti Prashida

PT Technindo Global Fortace

PT Royal Pacific Nusantara

PT Griyainsani Cakrasadaya

PT Dwiguna Putra Harapan

PT Sinarsurya Harmoni

PT Pakuan Tbk.

Anderson Investments Pte. Ltd.

Penske Truck Leasing Co., Ltd.

Sanctuary City 2 Pte. Ltd.

PT Tatamulia Nusantara Indah

PT Link Net Tbk.

PT Horizon Internusa Persada

PT Agung Podomoro Land Tbk.

PT Lippo Karawaci Tbk.

PT Bundamedik Tbk

PT Surya Semesta Internusa Tbk.

Lippo Malls Indonesia Retail Trust Management Ltd.

PT Plaza Indonesia Realty Tbk.

PT Gajah Tunggal Tbk.

PT Multipolar Tbk.

PT Estika Tata Tiara Tbk.

Citigroup Global Markets Singapore Pte. Ltd.

Work highlights

  • Advised PT Link Net Tbk on the $606m sale of its shares to Axiata, a Malaysian multinational telecoms conglomerate.
  • Advised PT Agung Podomoro Land Tbk on the $350m acquisition of the Central Park Mall by Hankyu Hanshin Properties’ Indonesian subsidiary.
  • Advised PT Anugerah Surya Pacific Resources on the sale of the majority shares in two of its subsidiaries engaged in nickel mining.

Indonesia > IT, Telecoms and Fintech Tier 2

Makes & Partners combines an expertise in capital markets, where it provides a full suite of related services, with sector expertise relating to telecoms and fintech; the firm is accordingly active in advising a number of Indonesian-based clients in the crypto and telecom infrastructure spaces in their IPOs, bond issuances, and related mandates, while also providing advisory services in relation to the launch of new fintech projects. Yozua Makes is noted for his experience in acting across fintech and TMT sectors, while Iwan Setiawan lends his expertise as the lead of the capital markets practice. Bernardus Billy is the other key contact with a specialism in the fintech industry.

Practice head(s):

Yozua Makes; Bernardus Billy

Other key lawyers:

Iwan Setiawan

Testimonials

‘They are keen to take into account business needs in their handling of our transactions. Their advice is always solid and reliable, which is rooted from their deep expertise in the market coupled with strong legal skills of the lawyers.’

‘To say that they are well-versed in the legal and regulatory landscape in Indonesia is an understatement.‘

Key clients

PT First Media Tbk.

Asia Link Dewa Pte. Ltd.

PT Profesional Telekomunikasi Indonesia

PT Bali Towerindo Sentra Tbk.

Venezio Investments Pte. Ltd.

PT Mora Telematika Indonesia Tbk.

PT Multipolar Technology Tbk.

Kohlberg Kravis Roberts & Co. L.P.

PT Horizon Internusa Persada (Travelio)

Ajaib Group

PT Fliptech Lentera Inspirasi Pertiwi

Boston Consulting Group

PT Lasmana Swasti Prashida

PT Technindo Global Fortace

Temasek Capital Management Pte. Ltd., through Dahlia Investments Pte. Ltd.

PT Profesional Telekomunikasi Indonesia (Protelindo)

PT Net Visi Media Tbk.

Gemini Trust LLC

Apex Fintech Solutions LLC

Work highlights

  • Advised PT Global Digital Niaga Tbk on its IPO.
  • Advised PT Profesional Telekomunikasi Indonesia for its offer and sale of a continuous public offering of shelf-registered bonds valued $337m.
  • Advised PT Bali Towerindo Sentra Tbk. in the issuance of Sukuk shelf public offering of Bonds with the remaining ijarah fee of $132m.

Indonesia > Banking and finance Tier 3

The team at Makes & Partners leverages its corporate, capital markets and regulatory expertise when assisting clients with corporate finance matters. Firm managing partner Yozua Makes is active on banking work, and co-heads the department with Fransisca, a highly regarded practitioner in the finance and M&A arenas.

Practice head(s):

Yozua Makes; Fransisca

Key clients

PT JTD Jaya Pratama

PT Lippo Karawaci Tbk

Golden Energy and Resources Limited

PT Agung Podomoro Land Tbk

PT Profesional Telekomunikasi Indonesia

PT Plaza Indonesia Realty Tbk

PT Plaza Indonesia Investama

PT Kawasan Industri Jababeka Tbk

PT Bali Towerindo Sentra Tbk

PT Victoria Investama Tbk

PT Tunas Baru Lampung Tbk

PT Bank Ganesha Tbk

PT Bank Victoria International Tbk

PT Sejahteraraya Anugrahjaya Tbk

PT Bundamedik Tbk

PT Gajah Tunggal Tbk

PT Multipolar Tbk

Kohlberg Kravis Roberts & Co.

Citigroup Global Markets Singapore Pte Ltd

PT Ciputra Development Tbk

Hankyu Hanshin Properties

Work highlights

  • Advised PT Agung Podomoro Land Tbk on the sale of its ownership over “Central Park” Mall to PT CPM Assets Indonesia.
  • Advised PT Plaza Indonesia Realty Tbk and PT Plaza Indonesia Investama on the refinancing of a prominent investment fund by PT Sinarmas Asset Management, via a syndicated facility and accordion facility.

Indonesia > Foreign firms Tier 4

WongPartnership LLP contains experienced practitioners in dispute resolution and M&A transactions that arise in Indonesia and collaborates with Makes & Partners to handle matters in the region. Manoj Pillay Sandrasegara, who regularly advises on cross-border restructuring matters, leads the Indonesia practice alongside Mark Choy and James Choo.

Practice head(s):

Manoj Pillay Sandrasegara; Mark Choy; James Choo

Testimonials

‘Billy Bernadus is superior to other lawyers for his ability to explain and resolve issues, while conscious of the corporate governance requirements of publicly listed companies.’

‘The team is able to manage matters efficiently and professionally and the lawyers have a good understanding of local law. ’

‘The team is knowledgeable in both Singapore and Indonesian companies law. They keep the client informed with any changes promptly and take comments seriously.’

‘The team is well versed in the needs of foreign clients, particularly in the areas where Indonesian law is different from common law jurisdictions.’

Key clients

Go-Ventures Investments Pte. Ltd.

Broom

Ionic Global Holding Pte. Ltd.

KitaBeli

Kitalulus

EQT Partners Singapore Pte Ltd

Work highlights

  • Advised a global investment company in their investment in Sociolla.
  • Advising Go-Ventures in the series seed funding round of Fairatmos, an Indonesian-based carbon technology platform.
  • Advised on the investment of EQT Partners in PT Indesso Primatama.

Makes & Partners > Firm Profile

The firm: Makes & Partners is an independent, innovative and creative Indonesian law firm and a leader in the Indonesian corporate finance and corporate commercial legal services market. The firm promotes the commercial interests of clients by providing high-quality legal services to Indonesian and international clients.

The market recognises Makes & Partners as a strategic leader for integrated commercial business and legal solutions. Since its inception, the firm has adopted and inculcated the philosophy: ‘solving a legal problem means more than knowing the law’, to achieve a result-oriented commercial approach and high-completion rate for all of its transactions.

The firm adopts a practical business approach in all its dealings with clients in order to provide meaningful legal solutions. Established in the early 1990’s, Makes & Partners maintains solid relationships with the government, as well as legal and business communities in Indonesia. It currently has approximately 30 lawyers, including foreign attorneys. Its lawyers are also assisted by special counsels who have previously served in senior capacities in the academy, private practice and with various government ministries and institutions and the Indonesian Supreme Court. The lawyers’ work is based on a co-ordinated team approach and its client’s personnel are considered integral members of our team.

Makes & Partners welcomes the era of greater ASEAN and pan-Asian economic cooperation and integration with leading Singapore firm, WongPartnership LLP. Through its recent strategic alliance, the excellent legal services of the firm complemented by WongPartnership’s strengths will reach far and wide into ASEAN and beyond. Recognising the increasing number of deals taking advantage of Indonesia’s burgeoning investment climate and China’s position as one of the world’s largest economic powers, Makes & Partners has established a China desk for corporate and commercial legal services, with a dedicated team especially tasked to provide assistance to Chinese investors for complex transactions developing within the Indonesian business landscape. It’s strategic alliance with WongPartnership, with its award-winning China practice, also boosts its resources in providing support for cross-border matters.

Makes & Partners is comprised of Indonesian and international lawyers (on full employment and not on a seconded basis) who work as a team. It has a wealth of experience in international work, having represented major multinational companies and international strategic and institutional investors in connection with their investments in Indonesia. Several of its practitioners have lived, studied and worked in the United States, Europe and various parts of Asia,

Makes & Partners represents major multinational companies, strategic and institutional investors, banks and investment houses in connection with their investment in Indonesia. The firm’s portfolio of clients also includes Indonesian and international issuers, underwriters, banks and investors, as well as Indonesian borrowers, the government of Indonesia and other public entities.

Areas of practice: Capital markets; corporate finance and banking; mergers and acquisitions; privitisations and divestments; capital investment (including joint ventures); energy, resources and mining (including power plants); project finance, public utilities, and infrastructure; restructurings, reorganisation, workouts and bankruptcy; real property development; media and broadcasting; telecommunications and information technology; fintech, environment; general corporate and commercial; international trade; corporate governance; anti-monopoly and competition; and litigation and dispute resolution.

Main Contacts

Department Name Email Telephone
Capital markets Iwan Setiawan
Corporate finance and banking Fransisca
Mergers and acquisitions Yozua Makes
Privatisations and divestments Yozua Makes
Capital investment (including joint ventures)
Energy, resources and mining (including power plants)
Project finance, public utilities and infrastructure
Restructurings, reorganisation, workouts and bankruptcy
Real property development
Media and broadcasting
Telecommunications and information technology
Environment
General corporate and commercial
International trade
Corporate governance
Anti-monopoly and competition
Litigation and dispute resolution; and Fintech Rangin Prabowo

Lawyer Profiles

Photo Name Position Profile
Bernardus Billy photo Mr Bernardus Billy Partner of Makes & Partners Law Firm View Profile
Yozua Makes photo Dr Yozua Makes Founder and Managing Partner of Makes & Partners Law Firm View Profile
Fransisca S.H. photo Ms Fransisca S.H. Partner of Makes & Partners Law Firm View Profile
Iwan Setiawan photo Mr Iwan Setiawan Senior Partner of Makes & Partners Law Firm View Profile

Staff Figures

Number of lawyers : 30+

Languages

English
Indonesian

Other

Contacts : Yozua Makes SH, LLM, MM, PhD (Managing Partner)
Contacts : Iwan Setiawan SH (Senior Partner)
Contacts : Ms Fransisca SH (Partner)
Contacts : Bernardus Billy (Partner)
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