Makes & Partners > Jakarta, Indonesia > Firm Profile
Makes & Partners Offices
MENARA BATAVIA 7TH FLOOR
JL KH MAS MANSYUR KAV 126
JAKARTA 10220
Indonesia
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:
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 | 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 |
---|---|---|---|
Mr Bernardus Billy | Partner of Makes & Partners Law Firm | View Profile | |
Dr Yozua Makes | Founder and Managing Partner of Makes & Partners Law Firm | View Profile | |
Ms Fransisca S.H. | Partner of Makes & Partners Law Firm | View Profile | |
Mr Iwan Setiawan | Senior Partner of Makes & Partners Law Firm | View Profile |
Staff Figures
Number of lawyers : 30+Languages
English IndonesianOther
Contacts : Yozua Makes SH, LLM, MM, PhD (Managing Partner) Contacts : Iwan Setiawan SH (Senior Partner) Contacts : Ms Fransisca SH (Partner) Contacts : Bernardus Billy (Partner) :Legal Briefings
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