Merger & Acquisitions
- Mergers, acquisitions and divestitures – both
- Joint ventures and strategic alliances
- Corporate counseling and governance
- Foreign direct investment
- Pre-transaction restructurings, including spin-offs or separation of a division, line of business or other assets into a separate corporate structure
- Post-acquisition integrations and post-divestiture reorganization
- Corporate restructurings and reorganizations
- General commercial advice
- Compliance/regulatory matters
What we can offer
Longstanding experience in handling M&A transactions
With more than a decade of experience, our lawyers have successfully closed numerous leading and major innovative high profile domestic and cross-border M&A transactions by local, multinational and public companies (including state-owned). Our experiences include performing complex structuring and document drafting, conducting discussion and coordination with multiple corporations, other professional advisors, and regulatory authorities, and completing the deal under a tight time constraints.
Clear understanding of specific industry needs
As we continue to advise on some of the largest M&A deals in Indonesia, our lawyers are cross trained in various industry sectors, covering state owned companies, telecommunication, media and technology (TMT), property, plantation and agriculture, private equity, health care, finance and fintech, energy, power, and infrastructure.
Specialist in structuring and managing complex deals
Due to their experience over the years, our lawyers are familiar with and can offer various structures and strategies for completing different types of M&A transactions, ranging from pre-assessment of the deal (strategic fit), execution of the target, dealing with post-completion matters, and exit strategy once the target matures.
A selection of our lawyers’ M&A experience
Client
PT Bakrie & Brothers Tbk. (“BNBR”)
Description
Representing BNBR and PT Recapital Advisors in relation to the US$3.2 billion takeover of PT Bumi Resources Tbk. and PT Berau Coal Energy Tbk. by Vallar Plc., a vessel of the Rothschild family. This is one of the biggest Indonesian corporate transactions by value to date, creating the first Indonesian vessel to be listed at the London Stock Exchange
Client
PT Telekomunikasi Indonesia (Persero) Tbk (“Telkom”)
Description
Representing Telkom, the largest telecommunication services company in Indonesia, in Framework Agreement with Telstra Corporation Limited, Australia’s largest telecommunication and media company, for the development of a joint venture engaging the business of network application and services solutions in Indonesia.
Representing Telkom in relation to the US$200 million restructuring and sale of the Telkom Flexi business to PT Telekomunikasi Seluler, a subsidiary of Telkom and the largest provider of mobile telecommunication services in Indonesia.
Representing Telkom in the proposed US$200 million acquisition of majority stake in Cambodia’s largest mobile operator CamGSM from Three Star Investment Cambodia Limited.
Representing Telkom in connection with its proposed US$300 million acquisition of AP Teleguam Holdings, Inc. from Advantage Partners, a Japanese private equity firm.
Client
DBS Group Holdings Ltd. (“DBS”)
Description
Representing DBS, the holding company for DBS Bank, on the share purchase agreement with Fullerton Financial Holdings Pte. Ltd. owned by Temasek Holdings Pte to acquire 100% of its wholly-owned subsidiary Asia Financial (Indonesia) Pte. Ltd. (AFI), which holds a 67.37% stake in PT Bank Danamon Indonesia Tbk (Danamon) for a total consideration of IDR45.2 trillion (approximately SGD6.2 billion)
Client
A major Indonesian private broadcasting holding companies
Description
Representing one of the major Indonesian private broadcasting holding companies in its proposed US$600 million sale of a national private broadcasting company to another major Indonesian private broadcasting holding company through issuance of mandatory exchangeable bonds