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 Offices
Sampoerna Strategic Square
North Tower, Level 17, Jl. Jend. Sudirman Kav. 45-46
12930
Indonesia
Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia > The Legal 500 Rankings
Indonesia > Foreign firms Tier 1
White & Case Pte. Ltd. has a longstanding presence in Indonesia and in-depth experience advising domestic and international clients on transactions in the country. The firm provides assistance across key practice areas including capital markets, debt finance, M&A, and project finance, while its capabilities in the country are further strengthened by its association with Witara Cakra Advocates (WCA). Kaya Proudian focuses on capital markets across a wide range of jurisdictions, including Indonesia, and co-heads the practice alongside corporate and M&A advisor Jonathan Olier. Alexander McMyn, who advises on Indonesian financings, including general corporate loans in addition to structured and limited-recourse financings, is also part of the leadership team. Jon Bowden departed for Freshfields Bruckhaus Deringer in May 2023.Practice head(s):
Kaya Proudian; Jonathan Olier; Alexander McMyn
Testimonials
‘Jonathan Olier is very hands on with the project.’
‘It is a small but highly competent team. They offer a compelling proposition for Indonesian capital markets deals.’
Key clients
Adivira Capital
Baring Private Equity Asia
China’s Zhejiang Huayou Cobalt Co.
CVC Capital Partners
CIMB Investment Bank Berhad,
CLSA Limited
Credit Suisse (Singapore) Limited
Deutsche Bank AG, Singapore Branch
Global Amines Company Pte. Ltd.
International Finance Corporation
Lotte Chemical Corporation
PT Tudung Putra Putri Jaya
PT Kilang Pertamina Balikpapan
Adivira Capital
Baring Private Equity Asia
Work highlights
- Advised the issuer, PT Trimegah Bangun Persada Tbk. (Harita Nickel), in relation to the IPO of Harita Nickel on the Indonesian Stock Exchange, which includes a Rule 144A/3(c)(7) and Regulation S offshore tranche.
- Advised CVC Capital Partners on the sale of shares in PT Garudafood Putra Putri Jaya Tbk., one of the largest food and beverage companies in Indonesia, to Hormel Foods Corporation, a Fortune500 global branded food company.
- Advised on the c. $850m financing to PT Centratama Telekomunikasi Indonesia Tbk, an Indonesian listed telecommunication, multimedia and internet service provider in connection with the acquisition of PT EPID Menara AssetCo, a subsidiary of Edge Point Singapore which is wholly owned by Digital Colony (renamed as “Digital Bridge”), a leading global digital infrastructure investor.
Indonesia > Banking and finance Tier 2
Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia is well versed in handling debt financing work, with strength in representing lenders, underwriters, and arrangers in a broad range of secured loan and structured finance transactions. Project finance is another key area of instruction for the group, which assists prominent global and domestic energy and natural resources companies with high-value transactions. Fajar Ramadhan is the practice head, and is highly regarded for his solid track record in advising on financings, debt restructurings, security structures, project finance, and international bond offerings. PPP specialist Cindy Riswantyo joined the team from Ginting & Reksodiputro in association with A&O Shearman in October 2023.Practice head(s):
Fajar Ramadhan
Other key lawyers:
Key clients
Asian Infrastructure Investment Bank
Banco Santander, N.A.
BPI France
HSBC Corporation Limited
Korean Development Bank
PT FKS Multi Agro Tbk
Work highlights
- Advising the arrangers on the US$850m financing provided to PT Centratama Telekomunikasi Indonesia Tbk and others in connection with the acquisition of PT EPID Menara AssetCo.
- Advised HSBC Corporation Limited and others on a US$432m debt financing provided to PT Satelit Nusantara Tiga for the PPP Satellite Infrastructure Project.
- Assisted PT FKS Multi Agro Tbk., a leading Indonesian food and agricultural company, as borrower, with the Indonesian law aspects concerning a syndicated financing.
Indonesia > Capital markets Tier 2
Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia advises a range of financial institutions and corporate clients in IPOs, offerings, issuances, and relevant regulatory mandates. Through the firm’s close collaboration with White & Case LLP, the firm is well-placed to handle cross-border matters. Kristo Molina heads up the firm’s practice in this area, covering the full scope of the firm’s work in this space, working alongside Fajar Ramadhan, who has particular strengths in international bond offerings and work around debt capital markets.Practice head(s):
Kristo Molina
Other key lawyers:
Testimonials
‘WCA has great knowledge and experience in capital markets.‘
‘The team has good experience and a valuable point of view.’
‘WCA consistently produces good work and they find the solution to any issue.’
‘Kristo Molina is knowledgeable and experienced in Indonesia capital markets regulations and market practices. Responsive and thorough in advising clients.’
Key clients
CLSA Limited
Credit Suisse
CIMB Investment Bank Berhad
CVC Capital Partners
Deutsche Bank AG
PT Ciptadana Sekuritas Asia
PT Era Graharealty Tbk.
PT Mandiri Sekuritas
PT Trimegah Bangun Persada Tbk.
Work highlights
- Represented PT Trimegah Bangun Persada Tbk. (Harita Nickel), in its IPO on the Indonesian Stock Exchange, including a Rule 144A/3(c)(7) and Regulation S offshore tranche.
- Represented the lead domestic underwriters and the international selling agents in the IPO of PT Jayamas Medica Industri Tbk (OneMed) on the Indonesian Stock Exchange.
- Advised IPAC on its mandatory tender offer due to the acquisition made by its new controller, APAC Investment 2 Pte. Ltd.
Indonesia > Corporate and M&A Tier 3
Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia combines an ‘efficient team that is accustomed to sophisticated deal structures‘ with particular expertise in assisting finance and private equity clients. Working with a number of other regional firms under the White & Case LLP network, the group has an extensive track record in handling complex, multijurisdictional M&A for multinational clients seeking to invest in SE Asia. Kristo Molina and counsel Rika Rusman are key contacts.Practice head(s):
Kristo Molina
Other key lawyers:
Testimonials
‘WCA deploys an efficient team that is accustomed to sophisticated deal structures. Given their familiarity with local requirements, their lawyers are able to offer options that help clients in making strategic decisions.’
‘The individuals we worked with are easy to approach and particularly commercial.‘
‘The team collaborates well internally and each team member is kept updated on the latest progress. Good gender diversity within the team and overall strong competence to deliver good work.‘
‘Partners and team are equipped by excellent knowledge and have always been helpful to solve the problems beyond the expectation.‘
‘They always try to provide advice and solutions which can be a win-win solution in the deals handled by them.‘
Key clients
Zhejiang Huayou Cobalt Co.
CVC Capital Partners
Global Amines Company Pte. Ltd.
PT Tudung Putra Putri Jaya
Work highlights
- Advised CVC Capital Partners and the relevant shareholders on the sale of shares in PT Garudafood Putra Putri Jaya to Hormel Foods Corporation.
- Advised China’s Zhejiang Huayou Cobalt on a collaboration agreement with Ford Motor and PT Vale Indonesia Tbk to invest in an acid leaching project.
- Advised China’s Zhejiang Huayou Cobalt on a tripartite collaboration agreement with global automaker Ford Motor and nickel producer PT Vale Indonesia Tbk to jointly invest in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project.
Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia > Firm Profile
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Photo | Name | Position | Profile |
---|---|---|---|
Kristo Molina | Association Partner | View Profile |
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