Makes & Partners has a strong reputation for corporate advice in Indonesia and is highlighted for its skill in M&A, recently handling substantial transactions in the TMT, energy and real estate sectors. The firm is also praised for its ability ‘navigating the regulatory landscape in Indonesia’ and retains close connections with a number of governmental bodies and regulators. Yozua Makes leads the team and is a proficient cross-border adviser. Co-head Iwan Setiawan is well-reputed for his capital markets expertise, while co-head Fransisca leverages an astute understanding of the banking and finance and real estate sectors when advising on complex transactions. Bernardus Billy provides a wealth of venture capital and fintech expertise and experience to an extensive roster of clients. Co-head Niki Satyapeni joined from Ginting & Reksodiputro in association with A&O Shearman in November 2023.
Legal 500 Editorial commentary
- Profile
Mentions
Testimonials
Collated independently by Legal 500 research team.
‘The Makes team can meet client needs both in terms of finding best solutions and within time constraints.’
‘They are fast, very experienced and can give us a several option with its risks factor and protective factors. Always on time to deliver everything.’
‘Bernardus Billy is very good. He is the leader, very innovative but somehow very prudent.’
‘The firm understands our business (and our risk appetite) very well and even more so, the regulatory landscape where we operate. The collaboration with my team and the firm is long, close and personal. We have successfully navigated our M&A deals and other projects to completion with the support from the firm's proficient team of lawyers. To simply say that we are very pleased with their service is an understatement.’
‘Yozua Makes has a profound understanding of the legal regime in Indonesia. He is creative and inventive in providing legal solutions that are practical and responsive to our business needs.'
‘Their best asset is their people and how they collaborate with their clients and other advisers. The lawyers and partners are experts in navigating the regulatory landscape in Indonesia. Their legal expertise and skills coupled with deep understanding of the TMT industry make the firm a formidable ally in our deals and projects.’
‘Iwan Setiawan and Fransisca are quality legal advisers.'
Key clients
- PT Pembangunan Jaya
- PT Mandiri Cipta Gemilang
- PT Jakarta Propertindo
- PT Aldmic COOPN Digital
- PT Pakar Digital Global
- PT Konimex
- PT Wisma Nusantara Internasional
- Kentjana Group
- Hankyu Hanshin Properties Corp.
- Affinity Equity
- Kholberg, Kravis, and Roberts Group
- Temasek Capital Management Pte. Ltd.
- De Heus Indonesia – PT Universal Agri Bisnisindo
- PT Agung Podomoro Land Tbk.
- PT Lippo Karawaci Tbk.
- PT Bundamedik
- PT Surya Semesta Internusa Tbk.
- Lippo Malls Indonesia Retail Trust ManagementLtd.
- PT Profesional Telekomunikasi Indonesia
- PT Plaza Indonesia Realty Tbk.
- PT Ciputra Development Tbk.
- PT Plaza Indonesia Investama
- PT Summarecon Agung Tbk.
- Golden Energy and Resources Limited
- PT Kawasan Industri Jababeka Tbk.
- PT JTD Jaya Pratama
- PT Soechi Lines Tbk.
- PT Bundamedik Tbk.
- PT Multipolar Tbk.
- Citigroup Global Markets Singapore Pte. Ltd
Work highlights
Assisted PT Profesional Telekomunikasi Indonesia in the acquisition of majority shares in PT Inti Bangun Sejahtera Tbk by its direct subsidiary, PT iForte Solusi Infotek in a competitive bid process against other notable and prominent players in the Indonesian telecommunications industry.
Advised PT Surya Semesta Internusa Tbk. and PT Suryacipta Swadaya in relation to the sale of SSIA shares in SCS to PT Puri Bumi Lestari as well as subscription of newly issued shares in SCS by PBL, with the value transaction of USD190,401,246.81.
Advised PT Global Berkat Usahatama to acquire 100% shares in 2 operating Indonesian companies engaging in palm oil plantation by way of purchasing all existing shares of each of the Target Company’s shareholders.