Practice Focus

Corporate, Capital Market

 

Sub-Practice & Industry

Merger & Acquisition, Banking and Finance, Power and Energy

 

Language

Indonesian & English

Btari Divergensi

ASSOCIATE

+62 21 5082 0973

btari@umbra.law

Btari has assisted local and major multinational institutions in transactional and advisory matters involving capital market, mergers & acquisition, power and energy, and general corporate.

PROFILE DETAILS

Education

  • Universitas Indonesia, Faculty of Law, Bachelor of Laws (SH) (cum laude) (2017).

REPRESENTATIVE DEALS

Power and Energy

  • Assisting a subsidiary of PT Indonesia Power and Golden Concord Ltd, PT GCL Indo Tenaga, in the financing of 2×100 MW Kalbar-1 coal-fired power plant project, a project financed by China Construction Bank and backed by China Export & Credit Insurance Corporation (Sinosure) (ongoing).
  • Assisting PJB and sponsor in the development of 840MW Sumbagut 134 combined cycle gas turbine power project (ongoing).
  • Assisting Indonesia Power in the drafting and negotiation of contracts with its strategic partner for reinvestment, operation and maintenance of two major power plants having capacity of more than 1,000 MW (ongoing).

 

Capital Market

  • Assisting a property company in its proposed initial public offering and pre-IPO restructuring program (ongoing).
  • Assisting advisory, negotiation, conducting due diligence, preparing legal opinion for Indonesian Financial Services Authority (Otoritas Jasa Keuangan), and drafting of transaction documents. One of the largest PT PLN (Persero)’s shelf offerings for local bonds and sukuk ijarah offering to support the financing of the Government of the Republic of Indonesia’s national project on 35,000 Mega Watt National Electricity Program. (ongoing)
  • Assisting PT Jasa Marga in its first time legal audit for internal & regulation compliance (ongoing).

 

Mergers & Acquisition

  • Assisting proposed acquisition of a major gas trading company by PT PGN to place PT PGN as a market leader in the gas distribution sector (ongoing).
  • Assisting acquisition of food and beverages company through complex combination of assets transfer and new shares subscription. (ongoing)
  • Assisting a listed pharmacy company in its proposed acquisition of four hospital group companies (ongoing)

 

Corporate

  • Preparing and reviewing corporate documents for initial due diligence.
  • Addressing client inquiries related to laws and regulations on corporate matters.