Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia > Jakarta, Indonesia > Firm Profile

Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia
Sampoerna Strategic Square
North Tower, Level 17, Jl. Jend. Sudirman Kav. 45-46
12930
Indonesia

Indonesia > Banking and finance Tier 1

Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia advises on a wide range of secured loan and structured finance transactions and represents a variety of clients including lenders, underwriters and arrangers. Project finance is a key area of focus which the team is regularly instructed by international and domestic energy and natural resource companies, investors, lenders and traders. Fajar Ramadhan heads the practice and has a top tier banking practice that covers debt restructurings, security structures and enforcement. Kristo Molina is another name to note.

Practice head(s):

Fajar Ramadhan

Other key lawyers:

Key clients

Bangkok Bank PCL

BDO Unibank, Inc.

Credit Suisse AG

Standard Chartered Bank

ING Bank

Natixis

Deutsche Bank AG

MUFG Bank Ltd.

Work highlights

  • Advised Deutsche Bank AG, Singapore Branch, ING Bank N.V., Singapore Branch, Natixis and Standard Chartered Bank (as arrangers and lenders) on a financing granted to PT EPID Menara Assetco for the acquisition of 4,247 towers from Indosat with an aggregate amount of an up to $350m.
  • Acted for Bangkok Bank Public Company Limited on its $2.3bn acquisition of a majority shareholding in Bank Permata Tbk, from Standard Chartered Bank and PT Astra International Tbk.
  • Advised HSBC Corporation Limited, Asian Infrastructure Investment Bank, the Korean Development Bank, BPI France, Banco Santander, N.A., as senior lenders, export credit agencies, providers and/or arrangers of debt finance to PT Satelit Nusantara Tiga for an up $432m financing for the PPP Satellite Infrastructure Project.

Indonesia > Foreign firms Tier 1

White & Case Pte. Ltd. stands out for its ‘deep topic knowledge and collaborative ways of working with clients‘. It has a leading corporate and M&A practice and a particularly active presence in the financial institutions, energy and real estate sectors. Jonathan Olier heads the M&A and private equity practice which also includes the highly regarded Jon Bowden. The Asia capital markets team has a full-service offering and is led by Kaya Proudian, a debt and equity capital markets specialist who is both US and English law qualified. Alexander McMyn leads the debt finance and restructuring practice and has substantial experience advising lenders, sponsors, and borrowers on a broad range of transactions and financings. Key changes to the team include the arrival of projects and infrastructure partners Tim Fourteau and Jamie Franklin who joined from Latham & Watkins LLP in 2020.

Practice head(s):

Kaya Proudian; Jonathan Olier; Alexander McMyn

Other key lawyers:

Jon Bowden; Hendy Handoko; Tim Fourtea; Jamie Franklin; Charles McConnell

Testimonials

‘Deep knowledge of the local Indo laws; great coordination with the global/English Law team and able to come up with solid advice.’

The team has very deep knowledge of specific market regulations and market practices. The team is very collaborative to understand client needs and support, and adjust the output accordingly.’

‘Charles McConnell – really good client management and able to network and connect the client to other clients; in-depth knowledge of banking and capital markets in Asia.’

Key clients

Bangkok Bank Plc

BNP Paribas

CIMB Investment Bank

CLSA Limited

Credit Suisse

CVC Asia Pacific Limited

Deutsche Bank AG

Korea Electric Power Corporation

The Government of Republic of Indonesia

Ooredoo Group

Work highlights

  • Advising Ooredoo Group on the merger of PT Indosat, an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia, an Indonesian subsidiary of CK Hutchison Holdings Ltd.
  • Advised the Arrangers and Managers (CIMB Investment Bank Berhad, Citigroup Global Markets Inc., Dubai Islamic Bank P.J.S.C., The Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered Bank) on the update of the Government of the Republic of Indonesia (RoI)’s Rule 144A/Reg S $25bn trust certificate issuance program and the subsequent $3bn multi-tranche sukuk offering under the program.
  • Advised Deutsche Bank AG, Singapore Branch as mandated lead arranger of a $350m debt financing to an Indonesian subsidiary of Edgepoint Group, an Asia-focused towers business sponsored by the $25bn infrastructure investor, Digital Colony.

Indonesia > Capital markets Tier 2

Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia advises a range of leading financial institutions and corporates on IPOs, rights issues, notes offering, and regulatory issues. Practice head Kristo Molina has extensive experience advising issuers and underwriters on international capital markets offerings, while Fajar Ramadhan specialises in international bond offerings, debt financings and restructuring.

Practice head(s):

Kristo Molina

Other key lawyers:

Key clients

BNP Paribas

CIMB Investment Bank Berhad

Citigroup

CLSA Limited

Credit Suisse

Deutsche Bank

Nomura Singapore Limited

PT BNI Sekuritas

PT BRI Danareksa Sekuritas

PT Mandiri Sekuritas

Work highlights

  • Advised Deutsche Bank, BNP Paribas, Credit Suisse, CIMB Investment Bank Berhad and Shanghai Pudong Development Bank Co., Ltd. on LMIRT Capital Pte. Ltd.’s Regulation S offering of $200m 7.500% guaranteed senior notes due 2026.
  • Advising the underwriters on the IPO of PT Archi Indonesia Tbk, an Indonesian gold mining company, including a Rule 144A/Regulation S offshore tranche.
  • Advising Citigroup Global Markets Singapore Pte. Ltd., CLSA Singapore Pte Ltd, Mandiri Securities Pte. Ltd. on Golden Energy and Resources Limited’s issuance of $285m aggregate principal amount of 8.5% senior secured notes due 2026.

Indonesia > Corporate and M&A Tier 3

Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia has a strong corporate offering and advises both Indonesian and international buyers, sellers, advisers and financial intermediaries on a broad range of corporate, private equity and M&A transactions. Practice head Kristo Molina has extensive experience advising clients on M&A transactions including public and private transactions, exits on public markets and FDI. Counsel Rika Rusman is also noted and has experience advising clients in the financial services and infrastructure sectors on corporate acquisitions and joint ventures.

Practice head(s):

Kristo Molina

Other key lawyers:

Testimonials

The team has been very helpful and knowledgeable. They are very committed and flexible in working with us through a series of online meetings since most of our dealings have been during the COVID-19 pandemic. It is also evident that they have a good working relationship within their team.’

Kristo Molina and counsel Rika Rusman were very hands-on from the beginning. They were very patient in guiding us through our first M&A dealing and explained aspects of it in a practical manner as well as looking out for our best interest.’

The team has been very flexible during the pandemic in regards to online meetings and other methods of communications.’

Kristo Molina and Rika Rusman are very knowledgeable and are patient in explaining legal aspects of M&A to us.’

Key clients

Bangkok Bank Public Company Limited (Thailand)

CVC Capital Partners

Ooredoo QPSC

Pacific Century Group Holdings (PCG)

PT Avia Avian

PT Diamond Food Indonesia Tbk.

PT Garudafood Putra Putri Jaya Tbk

Puma Energy

International Finance Corporation

Work highlights

  • Advised Ooredoo Group on the merger of PT Indosat, an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia.
  • Advised Bangkok Bank Plc on the integration of its Indonesian branch business (Bangkok Bank Indonesia) with PT Bank Permata Tbk (Bank Permata), an Indonesian public listed bank.
  • Advised the receivers in the bankruptcy of CG Power System Belgium N.V., a global engineering company on the auction sale of its 95% stake in its subsidiary, PT CG Power Systems Indonesia.

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PhotoNamePositionProfile
Kristo Molina photo Kristo MolinaAssociation Partner
Fajar Ramadhan photo Fajar RamadhanAssociation Partner