UMBRA | Deals

September 20, 2022 In Deals

PT Rekeningku Dotcom Indonesia – US$11 million Series A Fund Raising led by AC Ventures with participation from Coinbase Ventures and Skystar Capital

Congratulations to Reku (Rekeningku), a leading Indonesia-based crypto trader, for their successful Series A fund raising with an investment value of approximately USD11 million. The funding was led by AC Ventures with participation from Coinbase Ventures and Skystar Capital. Founded in 2017, Rekeningku has been...

September 9, 2022 In Deals

The Financing of Tongar Mini-Hydro Power Plant in Kajai, West Sumatra (PLTM Tongar)

Huge congratulations to PT Sarana Multi Infrastruktur (Persero) and PT Optima Tirta Energy for the signing of the facility agreement to finance the development of Tongar mini-hydro power plant located in Kajai, West Sumatra (PLTM Tongar) which is not only expected to contribute to the achievement of...

August 26, 2022 In Deals

New Investment by Telkom in STS and SCC for the Establishment of the Largest Data Center and IT Services Companies in Indonesia

Congratulations to PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom), PT Telkom Data Ekosistem (TDE) and PT Sigma Cipta Caraka (SCC) for the completion of the largest Indonesian data center and IT services restructuring transaction with a total deal value of IDR6.7 trillion. The deal was especially complex...

August 3, 2022 In Deals

Representing PT Telekomunikasi Selular (Telkomsel) in the IDR10.2 trillion Sale & Leaseback of 6,000 Telecommunication Towers and Development of New BTS Towers of Telkomsel

Congratulations to PT Telekomunikasi Selular (Telkomsel) for completing the IDR10.28 trillion sale & lease back of its 6,000 telecommunication towers to PT Dayamitra Telekomunikasi Tbk and development of new BTS towers. Not only that the deal breaks another record in terms of value (being the...

May 17, 2022 In Deals

Telkom and Microsoft Collaborate to Accelerate Digital Transformation and Enable Indonesia’s Digital Sovereignty

Congratulations to PT Telkom Indonesia (Persero) Tbk and Microsoft for kicking off the strategic partnership! Led by Pramudya A. Oktavinanda, our Managing Partner and Head of M&A, TMT and Restructuring practice group, assisted by Dhea G. Pramesti and Rahma H. Amalia, we are proud to assist...

April 20, 2022 In Deals

Successfully Represented a Garment Factory of a Global Fashion Retailer in an Industrial Relations Dispute

We are delighted to announce the recent success of our Litigation & Alternative Dispute Resolution team in representing a garment factory of a global fashion retailer in an industrial relations dispute. The claim was filed by a litigious group that has previously sued the company. After...

March 30, 2022 In Deals

PT Jembatan Nusantara Acquisition – The signing of the Share Sale and Purchase Agreement by PT Mahkota Pratama and PT Indonesia VIP with PT ASDP Indonesia Ferry (Persero)

Congratulations to PT Mahkota Pratama and PT Indonesia VIP for the signing of the Share Sale and Purchase Agreement with ASDP, a State-Owned ferry operator, for the acquisition of PT Jembatan Nusantara by ASDP. Through this transaction, ASDP will have 53 additional ships and therefore...

March 25, 2022 In Deals

The signing of the two Power Purchase Agreements (PPAs) for the development of Solar Power Plant in West and East Bali, with a total capacity of 2 x 25 MWp

Congratulations to PT PLN (Persero) and the consortium of Medco Power Indonesia and Solar Philippines, for the signing of two Power Purchase Agreements (PPAs) for the development of Solar Power Plant in West and East Bali, with a total capacity of 2 x 25 MWp. Led by our Senior Partner Kirana Sastrawijaya and...

January 27, 2022 In Deals

UMBRA Successfully Represented a Global Korean Footwear Manufacturer in a Construction Dispute Before the Garut District Court

We are delighted to announce the recent success of our Litigation & Alternative Dispute Resolution team in representing a global Korean footwear manufacturer in a construction dispute before the Garut District Court. The plaintiff had initially attempted to file the case to a local arbitration...

January 26, 2022 In Deals

The Establishment of the Indonesian Food State-Owned Enterprise Holding Group

We are proud to announce the establishment of the Indonesian Food State-Owned Enterprise Holding Group where our Senior Partners Ahmad Zakaria, and Liyanto Wijaya, Senior Associate Paula Aprijanto, and Associates Putika Nuralida Herdin, Christofer Ruminsar, and Leanna Leonardo assisted the Ministry of SOEs, PT Rajawali Nusantara Indonesia (Persero), PT Perikanan Indonesia,...

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