Putika is an associate at UMBRA – Strategic Legal Solutions who have assisted local and major multinational institutions in transactional and advisory matters involving mergers & acquisition, capital market & securities, power, energy & infrastructure, and general corporate.

Putika Nuralida Herdin

Associate
+62 21 5082 0999

putika@umbra.law

Practice Focus

Banking and Finance, Mergers and Acquisition, General Corporate

 

Sub-Practice & Industry

Debt Restructuring, Corporate Finance, Project Finance, Regulatory Compliance

 

Language

Indonesian & English

Honors & Awards

  • Recipient of CPG Summer School Scholarship – Faculty of Law, Goethe University, Frankfurt (2017).
  • Best Outstanding Student – Faculty of Law, Universitas Gadjah Mada (2016).

 

Education

  • Universitas Gadjah Mada, Faculty of Law, International Undergraduate Program, Bachelor of Laws (2013-2017).

Mergers and Acquisitions

  • Assisting PT Kereta Api Indonesia (Persero) in its cooperation and partnership with PT Jakarta Propertindo (Perseroda) for the establishment of DKI Jakarta Transportation Holding Company which will fully integrate the DKI Jakarta mass rail transportation (ongoing).
  • Representing PT Telkom Indonesia (Persero) Tbk. (Telkom) and Mitratel in the Rp4.3 trillion 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).
  • Assisting an international private equity fund management company in its proposed acquisition of an international web hosting group company (2018).
  • Assisting a European Transformer Company based in German in its proposed asset acquisition in Indonesia (ongoing).
  • Assisting PT Perusahaan Gas Negara (Persero) (PGN) in the formation of Indonesian Oil and Gas Holding Company, and in this connection, assisting the client in its Rp 20.18 Trillion acquisition of PT Pertamina Gas and its subsidiaries (2018) (nominated as M&A Deal of the Year by Asian Legal Business – Thomson Reuters in 2018).
  • Assisting a major Chinese company in the proposed joint venture with an Indonesian local conglomerate for establishing a local insurance company (ongoing).
  • Assisting a major port company in its proposed acquisition of an integrated coal, port, and road company through complex IPO restructuring (ongoing).
  • Assisting a major Indonesian telecommunication company in its proposed US$100 million acquisition of a foreign business process outsourcing company listed in the New York Stock Exchange (ongoing).
  • Assisting a major listed pharmaceutical company in its proposed acquisition of one of the oldest local pharmaceutical company.
  • Assisting a major oil & gas company in a proposed acquisition of a major gas trading company to place PGN as a market leader in the gas distribution sector.
  • Assisting Motherson, the largest Indian automotive company, in conducting due diligence on local assets of Reydel Automotive Group, an international automotive group, and performing Indonesian compliance review of transaction documents as part of its global acquisition process from Cerberus Capital.

 

Capital Market & Securities

  • Assisting a prominent mining company in its proposed Rights Issue process with a value of Rp2.3 trillion (ongoing).
  • Assisting PT PLN (Persero) (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 Esta Multi Usaha Tbk in its pre-Initial Public Offering restructuring and Initial Public Offering process of IDR20 billion new shares on the Indonesia Stock Exchange (2020).
  • Assisting a prominent real estate company in its proposed Initial Public Offering process (ongoing).
  • Assisting a state-owned telecommunication company in its offering of bonds as part of its continuous local bonds offering (ongoing).
  • Assisting a budget hotel chain company in its pre-Initial Public Offering restructuring and Initial Public Offering process (ongoing).
  • 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 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 Reuters in 2018).

 

State-Owned Enterprises

  • 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 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 Len Industri (Persero), PT Dirgantara Indonesia (Persero), PT Dahana (Persero), PT PAL Indonesia (Persero), and PT Pindad (Persero) for the proposed establishment of Indonesian State-Owned Defence Industry Holding (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, 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).
  • Assisting Ministry of State-owned Enterprises, PT Hutama Karya (Persero), PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, and PT Wijaya Karya (Persero) Tbk for the proposed establishment of Indonesian State-Owned Infrastructure Holding (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 and PGN for the establishment of Indonesian State-Owned Oil and Gas Holding (2018).
  • Advising Jasa Marga on various corporate compliance and governance matters (ongoing, 2018-2021).
  • Assisting PGN for its annual and extraordinary general meeting of shareholders (2018-2019).
  • Assisting 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).

 

Power, Energy & Infrastructure

  • Assisting PT Pembangkitan Jawa Bali in cooperation with PT Indonesia Power for tender, procurement, and road show process of development of two mine-mouth power projects in Kalimantan area (including preparation of summary of Power Purchase Agreement and term sheets for shareholders agreement and coal supply agreement) having a combined capacity of at least 600 MW (ongoing).
  • Assisting a subsidiary of IP 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 the sponsors and project company for development of the 800 MW Sumbagut 1, 3, 4 gas-cycled power plant projects (ongoing).
  • Assisting the sponsors and project company for the development of 2×300 MW Sumut-II coal-fired power plant project (ongoing).

 

Oil and Gas

  • Assisting PT Pertamina EP Cepu in its USD 1.85 billion project financing through a Trustee Borrowing Scheme for the development of the Jambaran Tiung Biru Project (2019).
  • Assisting PT Chevron Pacific Indonesia in its compliance on environmental permits (ongoing).
  • Assisting PLN in the preparation of model of gas sales agreement (ongoing).
  • Speaker in legal discussion on “Protection of Data Privacy and Its Legal Impact” by PT XL Axiata Tbk. (October 2018).
  • Speaker in legal discussion on “Data Privacy: Regulation and Practical Perspective in Indonesia” by PT Telekomunikasi Indonesia (Persero) (July 2018).
  • Speaker in workshop on “Global Bonds Training” by PT Pertamina (Persero) (September 2019).
ABOUT

Putika is an associate at UMBRA – Strategic Legal Solutions who have assisted local and major multinational institutions in transactional and advisory matters involving mergers & acquisition, capital market & securities, power, energy & infrastructure, and general corporate.

Putika Nuralida Herdin

Associate
+62 21 5082 0999

putika@umbra.law

Practice Focus

Banking and Finance, Mergers and Acquisition, General Corporate

 

Sub-Practice & Industry

Debt Restructuring, Corporate Finance, Project Finance, Regulatory Compliance

 

Language

Indonesian & English

PROFILE DETAILS

Honors & Awards

  • Recipient of CPG Summer School Scholarship – Faculty of Law, Goethe University, Frankfurt (2017).
  • Best Outstanding Student – Faculty of Law, Universitas Gadjah Mada (2016).

 

Education

  • Universitas Gadjah Mada, Faculty of Law, International Undergraduate Program, Bachelor of Laws (2013-2017).
REPRESENTATIVE DEALS

Mergers and Acquisitions

  • Assisting PT Kereta Api Indonesia (Persero) in its cooperation and partnership with PT Jakarta Propertindo (Perseroda) for the establishment of DKI Jakarta Transportation Holding Company which will fully integrate the DKI Jakarta mass rail transportation (ongoing).
  • Representing PT Telkom Indonesia (Persero) Tbk. (Telkom) and Mitratel in the Rp4.3 trillion 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).
  • Assisting an international private equity fund management company in its proposed acquisition of an international web hosting group company (2018).
  • Assisting a European Transformer Company based in German in its proposed asset acquisition in Indonesia (ongoing).
  • Assisting PT Perusahaan Gas Negara (Persero) (PGN) in the formation of Indonesian Oil and Gas Holding Company, and in this connection, assisting the client in its Rp 20.18 Trillion acquisition of PT Pertamina Gas and its subsidiaries (2018) (nominated as M&A Deal of the Year by Asian Legal Business – Thomson Reuters in 2018).
  • Assisting a major Chinese company in the proposed joint venture with an Indonesian local conglomerate for establishing a local insurance company (ongoing).
  • Assisting a major port company in its proposed acquisition of an integrated coal, port, and road company through complex IPO restructuring (ongoing).
  • Assisting a major Indonesian telecommunication company in its proposed US$100 million acquisition of a foreign business process outsourcing company listed in the New York Stock Exchange (ongoing).
  • Assisting a major listed pharmaceutical company in its proposed acquisition of one of the oldest local pharmaceutical company.
  • Assisting a major oil & gas company in a proposed acquisition of a major gas trading company to place PGN as a market leader in the gas distribution sector.
  • Assisting Motherson, the largest Indian automotive company, in conducting due diligence on local assets of Reydel Automotive Group, an international automotive group, and performing Indonesian compliance review of transaction documents as part of its global acquisition process from Cerberus Capital.

 

Capital Market & Securities

  • Assisting a prominent mining company in its proposed Rights Issue process with a value of Rp2.3 trillion (ongoing).
  • Assisting PT PLN (Persero) (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 Esta Multi Usaha Tbk in its pre-Initial Public Offering restructuring and Initial Public Offering process of IDR20 billion new shares on the Indonesia Stock Exchange (2020).
  • Assisting a prominent real estate company in its proposed Initial Public Offering process (ongoing).
  • Assisting a state-owned telecommunication company in its offering of bonds as part of its continuous local bonds offering (ongoing).
  • Assisting a budget hotel chain company in its pre-Initial Public Offering restructuring and Initial Public Offering process (ongoing).
  • 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 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 Reuters in 2018).

 

State-Owned Enterprises

  • 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 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 Len Industri (Persero), PT Dirgantara Indonesia (Persero), PT Dahana (Persero), PT PAL Indonesia (Persero), and PT Pindad (Persero) for the proposed establishment of Indonesian State-Owned Defence Industry Holding (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, 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).
  • Assisting Ministry of State-owned Enterprises, PT Hutama Karya (Persero), PT Jasa Marga (Persero) Tbk, PT Waskita Karya (Persero) Tbk, PT Adhi Karya (Persero) Tbk, and PT Wijaya Karya (Persero) Tbk for the proposed establishment of Indonesian State-Owned Infrastructure Holding (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 and PGN for the establishment of Indonesian State-Owned Oil and Gas Holding (2018).
  • Advising Jasa Marga on various corporate compliance and governance matters (ongoing, 2018-2021).
  • Assisting PGN for its annual and extraordinary general meeting of shareholders (2018-2019).
  • Assisting 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).

 

Power, Energy & Infrastructure

  • Assisting PT Pembangkitan Jawa Bali in cooperation with PT Indonesia Power for tender, procurement, and road show process of development of two mine-mouth power projects in Kalimantan area (including preparation of summary of Power Purchase Agreement and term sheets for shareholders agreement and coal supply agreement) having a combined capacity of at least 600 MW (ongoing).
  • Assisting a subsidiary of IP 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 the sponsors and project company for development of the 800 MW Sumbagut 1, 3, 4 gas-cycled power plant projects (ongoing).
  • Assisting the sponsors and project company for the development of 2×300 MW Sumut-II coal-fired power plant project (ongoing).

 

Oil and Gas

  • Assisting PT Pertamina EP Cepu in its USD 1.85 billion project financing through a Trustee Borrowing Scheme for the development of the Jambaran Tiung Biru Project (2019).
  • Assisting PT Chevron Pacific Indonesia in its compliance on environmental permits (ongoing).
  • Assisting PLN in the preparation of model of gas sales agreement (ongoing).
PUBLIC SPEAKING & ACADEMIC ACTIVITIES
  • Speaker in legal discussion on “Protection of Data Privacy and Its Legal Impact” by PT XL Axiata Tbk. (October 2018).
  • Speaker in legal discussion on “Data Privacy: Regulation and Practical Perspective in Indonesia” by PT Telekomunikasi Indonesia (Persero) (July 2018).
  • Speaker in workshop on “Global Bonds Training” by PT Pertamina (Persero) (September 2019).