Andika Setia Budi is a Senior Associate of UMBRA – Strategic Legal Solutions. He has involved in various research, legal memos drafting, due diligences and transactions mainly related to power, mining, infrastructure, and oil and gas. He also has been a part of the team handling various M&A transactions, power and infrastructure projects, general corporate matters and foreign investment.
In less than 5 years of his career, Andika has handled the country’s various significant transactions with an aggregate value of more than USD 8 billion involving prominent clients. Andika is also featured as a Notable Practitioner by IFLR 2019, particularly through his deal, the proposed Rp20.1 trillion acquisition of PT Pertamina Gas by PT Perusahaan Gas Negara Tbk.
Practice Focus
Corporate & Securities
Sub-Practice & Industry
Private M&A, Restructuring, Corporate Governance, State-Owned Enterprises, Power, Energy & Infrastructure, Environment
Language
Indonesian & English
Professional Affiliations
- Member of the Association of Indonesian Advocates (PERADI)
- Member of the Indonesian Receiver and Administrator Association (Asosiasi Kurator dan Pengurus Indonesia)
Education
- University of Indonesia, Bachelor of Laws (SH) (2015)
- Erasmus Universiteit Rotterdam, Exchange Semester (2014)
Awards & Accolades
- IFLR1000 (2019 and 2020): Notable Practitioner in M&A
M&A
- Representing a major Indonesian conglomerate family in its proposed corporate and asset restructuring with business value of more than USD1 billion for the purpose of revamping the entire business & improve synergy among their group companies (ongoing).
- Representing PT Kereta Api Indonesia (Persero) in its cooperation and partnership with PT MRT Jakarta (Perseroda) for the establishment of DKI Jakarta Transportation Holding Company which will fully integrate the DKI Jakarta mass rail transportation (ongoing).
- Representing a major Indonesian conglomerate group in its proposed joint venture and corporate restructuring with foreign investors for the purpose of developing up to 2,000 MW power plant in Indonesia (ongoing).
- Representing PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) in a complex sale & leaseback transaction of 2,100 telecommunication towers of PT Indosat Tbk. (IO) through a competitive bidding process. We completed the deal within a challenging timeline and assist Telkom in making the winning bid to IO (2019).
- Representing PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) and PT Telekomunikasi Selular (Telkomsel) in the strategic investment in and development of LinkAja, the first state-owned enterprises supported financial technology, e-money and e-wallet company, involving complex business reorganization of Telkomsel’s e-money flag business, T-Cash, and creating one of the largest e-money companies in Indonesia (2019).
Power and Infrastructure
- Representing PJB and sponsor in the development of 840MW Sumbagut 134 combined cycle gas turbine power project (2019).
- Representing PJB and sponsor in the development of 2x300MW Sumut-II coal fired power project (2019).
- Representing PJB in the development of 2x100MW Kalselteng mine-mouth power project (2019).
- Representing PJB in the development of 500MW Gas Turbine Mobile Power Plant Projects in several areas in Indonesia (2018).
- Representing PT Jasa Marga (Persero) Tbk in relation to divestment and restructuring of toll road companies (2018).
- New Implementing Regulations to Implement OSS System, UMBRA – Strategic Legal Solutions Newsletter (Co-Author) (August 2018)
- Compliance and Governance from A-Z, Second Edition, C.H. Beck in association with LexisNexis SA (Co-Author) (2017)
- New Presidential Regulation to Accelerate Indonesian 35GW Power Generation Program, Baker & McKenzie Newsletter (Co-Author) (February 2016)
- ABOUT
-
Andika Setia Budi is a Senior Associate of UMBRA – Strategic Legal Solutions. He has involved in various research, legal memos drafting, due diligences and transactions mainly related to power, mining, infrastructure, and oil and gas. He also has been a part of the team handling various M&A transactions, power and infrastructure projects, general corporate matters and foreign investment.
In less than 5 years of his career, Andika has handled the country’s various significant transactions with an aggregate value of more than USD 8 billion involving prominent clients. Andika is also featured as a Notable Practitioner by IFLR 2019, particularly through his deal, the proposed Rp20.1 trillion acquisition of PT Pertamina Gas by PT Perusahaan Gas Negara Tbk.
Practice Focus
Corporate & Securities
Sub-Practice & Industry
Private M&A, Restructuring, Corporate Governance, State-Owned Enterprises, Power, Energy & Infrastructure, Environment
Language
Indonesian & English
- PROFILE DETAILS
-
Professional Affiliations
- Member of the Association of Indonesian Advocates (PERADI)
- Member of the Indonesian Receiver and Administrator Association (Asosiasi Kurator dan Pengurus Indonesia)
Education
- University of Indonesia, Bachelor of Laws (SH) (2015)
- Erasmus Universiteit Rotterdam, Exchange Semester (2014)
Awards & Accolades
- IFLR1000 (2019 and 2020): Notable Practitioner in M&A
- REPRESENTATIVE DEALS
-
M&A
- Representing a major Indonesian conglomerate family in its proposed corporate and asset restructuring with business value of more than USD1 billion for the purpose of revamping the entire business & improve synergy among their group companies (ongoing).
- Representing PT Kereta Api Indonesia (Persero) in its cooperation and partnership with PT MRT Jakarta (Perseroda) for the establishment of DKI Jakarta Transportation Holding Company which will fully integrate the DKI Jakarta mass rail transportation (ongoing).
- Representing a major Indonesian conglomerate group in its proposed joint venture and corporate restructuring with foreign investors for the purpose of developing up to 2,000 MW power plant in Indonesia (ongoing).
- Representing PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) in a complex sale & leaseback transaction of 2,100 telecommunication towers of PT Indosat Tbk. (IO) through a competitive bidding process. We completed the deal within a challenging timeline and assist Telkom in making the winning bid to IO (2019).
- Representing PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) and PT Telekomunikasi Selular (Telkomsel) in the strategic investment in and development of LinkAja, the first state-owned enterprises supported financial technology, e-money and e-wallet company, involving complex business reorganization of Telkomsel’s e-money flag business, T-Cash, and creating one of the largest e-money companies in Indonesia (2019).
Power and Infrastructure
- Representing PJB and sponsor in the development of 840MW Sumbagut 134 combined cycle gas turbine power project (2019).
- Representing PJB and sponsor in the development of 2x300MW Sumut-II coal fired power project (2019).
- Representing PJB in the development of 2x100MW Kalselteng mine-mouth power project (2019).
- Representing PJB in the development of 500MW Gas Turbine Mobile Power Plant Projects in several areas in Indonesia (2018).
- Representing PT Jasa Marga (Persero) Tbk in relation to divestment and restructuring of toll road companies (2018).
- PUBLIC SPEAKING & ACADEMIC ACTIVITIES
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- New Implementing Regulations to Implement OSS System, UMBRA – Strategic Legal Solutions Newsletter (Co-Author) (August 2018)
- Compliance and Governance from A-Z, Second Edition, C.H. Beck in association with LexisNexis SA (Co-Author) (2017)
- New Presidential Regulation to Accelerate Indonesian 35GW Power Generation Program, Baker & McKenzie Newsletter (Co-Author) (February 2016)