Practice Focus

Corporate & Capital Market

 

Sub-Practice & Industry

General Corporate, Capital Market and Securities, Power, Energy & Infrastructure, Merger & Acquisitions, State Owned Enterprises.

 

Language

Indonesian & English

Putika Nuralida Herdin

ASSOCIATE
+62 21 5082 0981
putika@umbra.law

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.

PROFILE DETAILS

Education

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

 

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).

REPRESENTATIVE DEALS

Mergers and Acquisitions

  • Assisting a major Indonesian telecommunication company in its proposed acquisition of tower business of one of the largest telco companies in Indonesia (ongoing).
  • 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 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 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 Reuters in 2018).

 

State-Owned Enterprises

  • Assisting the Ministry of State-owned Enterprises and various State-owned Companies from the financial, infrastructure, pharmacy, and oil & gas industries (including but not limited to PT Hutama Karya (Persero), PT Jasa Marga (Persero) Tbk., PT Wijaya Karya (Persero) Tbk., PT Pelabuhan Indonesia (Persero), PGN, PT Danareksa (Persero), PT Waskita Karya (Persero) Tbk., and PT Adhi Karya (Persero) Tbk. for the proposed establishment of Indonesian State-Owned Holding Company (BUMN Holding Project) which will create the largest state-owned holding companies in Indonesia (ongoing).
  • 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).
  • Assisting PGN on various corporate compliance and governance matters (ongoing, 2017-2018).

 

Power, Energy & Infrastructure

  • Assisting PT Pembangkitan Jawa Bali (“PJB”) in cooperation with PT Indonesia Power (“IP”) 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 (“PPA”) 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 project (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).