Practice Focus

Corporate

 

Sub-Practice & Industry

Capital Market, Merger & Acquisitions

 

Language

Indonesian & English

Christofer Ruminsar

ASSOCIATE

+62 21 5082 0971

christofer@umbra.law

Christofer joins to UMBRA – Strategic Legal Solutions on May 2018 and has assisted local and major multinational institutions in transactional and advisory matters involving capital market, mergers & acquisition, and general corporate.

PROFILE DETAILS

Education

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

REPRESENTATIVE DEALS

Capital Market 

  • Representing PLN in its offering of Rp30 trillion bonds and Ijarah Sukuk as part of its 2020-2022 shelf offering program (Penawaran Umum Berkelanjutan) (2020-2022).
  • Assisting PT Jasa Marga (Persero) Tbk (Jasa Marga) in its offering of Commercial Paper with a maximum value of Rp500 billion (2020).
  • Assisting PT PLN (Persero) (PLN) in its offering of Rp20 trillion bonds and Ijarah Sukuk as part of its 2018-2020 shelf offering program (Penawaran Umum Berkelanjutan) (2018-2020) (nominated as top three finalist of Debt Market Deal of the Year by Asian Legal Business – Thomson Reutres).
  • Assisting PT Pertamina (Persero) (Pertamina) in its offering of USD10 billion Global Medium-Term Notes program (2019) (nominated as Debt Market Deal of the Year by Asian Legal Business – Thomson Reuters in 2019).
  • Assisting a budget hotel chain company in its pre-Initial Public Offering restructuring and Initial Public Offering process (2019).
  • Assisting PT Permodalan Nasional Madani (Persero) in its offering of Rp2,5 trillion bonds as part of it 2017-2018 shelf offering program (Penawaran Umum Berkelanjutan) (2017-2018).

 

M&A of Public and Private Corporations

  • Assisting PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) in a complex sale & leaseback transaction of 2,100 telecommunication towers of PT Indosat Tbk through a competitive bidding process. We completed the deal within a challenging timeline and assist Telkom in making the winning bid to IO (2019).
  • Assisting Telkom in its divestment of PT Jalin Nusantara Pembayaran, a prominent payment gateway system company, to PT Danareksa (Persero) as part of the establishment of Indonesian State-Owned Banks Holding Company (2018-2019).
  • Assisting PT Dayamitra Telekomunikasi (Mitratel) in its Rp1.2 trillion takeover of a major local telecommunication tower company (2019).
  • Assisting PT Perusahaan Gas Negara Tbk (PGN) in its proposed US$2.8 billion acquisition of PT Pertamina Gas (a subsidiary of PT Pertamina (Persero)) (2018) (nominated as M&A Deal of the Year by Asian Legal Business – Thomson Reuters in 2018).
  • Assisting Mitratel in the proposed acquisition of assets telecommunication tower from a major local telecommunication tower company (2018).
  • Assisting Warburg Pincus, one of the largest private equity companies in the world, in the US$25 million Series B investment in Online Pajak, a tax financial technology company (2018).
  • Assisting a several companies in Lippo Group in its proposed divestment of assets or subsidiaries in several cities in Indonesia (2018).

 

State-Owned Entities Practice and Corporate Compliance

  • Advising several State-Owned Enterprises in relation to the revision of its Board Manual, internal procurement and/or cooperation guidelines, among others: PGN, Jasa Marga, PT Geo Dipa Energi (Persero), and PT Semen Baturaja (Persero) Tbk (2018-ongoing).
  • Assisting Ministry of State-owned Enterprises, PT Bio Farma (Persero), PT Kimia Farma Tbk, and PT Indofarma Tbk for the establishment of Indonesian State-Owned Pharmaceutical Holding (2020).
  • Assisting Ministry of State-owned Enterprises, PT Rajawali Nusantara Indonesia (Persero), PT Pertani (Persero), PT Perikanan Nusantara (Persero), Perum Perikanan Indonesia, PT Sang Hyang Seri (Persero), PT Bhanda Ghara Reksa (Persero), PT Perusahaan Perdagangan Indonesia (Persero), PT Berdikari (Persero), and PT Garam (Persero) for the proposed establishment of Indonesian State-Owned Food Holding (ongoing).
  • Assisting Ministry of State-owned Enterprises, PT Barata Indonesia (Persero), PT Boma Bisma Indra (Persero), PT Dok Perkapalan Kodja Bahari (Persero), PT Dok Perkapalan Surabaya (Persero), PT Industri Kapal Indonesia (Persero), and PT Rekayasa Industri for the proposed establishment of Indonesian State-Owned Manufacture Holding (ongoing).
  • Assisting Ministry of State-owned Enterprises, PT Bio Farma (Persero), and PT Industri Nuklir Indonesia (Persero) for the establishment of Indonesian State-Owned Pharmaceutical Holding Phase II (ongoing).
  • Assisting Ministry of State-owned Enterprises, PT Hotel Indonesia Natour (Persero), PT Patra Jasa (Persero), PT Pegadaian (Persero), PT Aero Wisata, and PT Wijaya Karya Realty for the proposed establishment of Indonesian State-Owned Hotel Holding (ongoing).
  • Assisting Ministry of State-owned Enterprises, Perum Perumnas, PT Pembangunan Perumahan (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Amarta Karya (Persero), PT Indah Karya (Persero), PT Virama Karya (Persero), and PT Bina Karya (Persero) for the proposed establishment of Indonesian State-Owned Housing Holding (ongoing).
  • Assisting Ministry of State-owned Enterprises, PT Perusahaan Pengelola Aset (Persero), PT Nindya Karya (Persero), PT Primissima (Persero), PT Industri Sandang Nusantara (Persero), PT Istaka Karya (Persero), PT Semen Kupang (Persero), PT Industri Gelas (Persero), PT Kertas Leces (Persero), PT Kertas Kraft Aceh (Persero), and PT Survai Udara Penas (Persero) for the proposed establishment of Indonesian State-Owned Asset Management Holding (ongoing).

 

Infrastructure

  • Assisting 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).
  • Assisting a major state-owned airport company in the proposed master strategic cooperation with foreign and local investors for the establishment of new airport facilities and airport city in West Nusa Tenggara area (ongoing).