UMBRA’s Merger and Acquisition Experience

Representing Telkom, the largest telco company group in Indonesia, in its proposed investment in a joint venture company with Bank Mandiri group (via Telkom subsidiary, PT Metra Digital Investasi (MDI)) for the development of new integrated digital health and fitness apps via innovative in-kind contribution
Representing a global provider of software and services for the process industries in its proposed acquisition of a leading mining software company from its private equity investors
Representing Telkom in the IDR6.6 trillion corporate restructuring for the establishment of the largest data center and IT service companies in Indonesia
Representing PT Telekomunikasi Selular (Telkomsel), the largest mobile telecommunication operator in Indonesia, in its IDR10.28 trillion sale and leaseback of its 6,000 telecommunication towers to PT Dayamitra Telekomunikasi Tbk. and development of new BTS towers
Representing Ruangguru group, the largest edutech start-up company in Indonesia, in its acquisition of Schoters group, one of Indonesia’s fastest growing online education platform companies
Representing an integrated online food and beverages (F&B) start-up company in its material business and corporate group restructuring for the purpose of establishing its own digital marketplace, online trading, and payment system which involved acquisition and shares transfer ownership, estate planning, and streamlining
Representing PT Dayamitra Telekomunikasi (Mitratel) in its IDR16.488 trillion sale & leaseback transaction of 10,050 telecommunication towers of Telkomsel. It is the largest telco assets M&A transaction in Southeast Asia to date
Representing PT Telekomunikasi Seluler (Telkomsel) in its additional USD300 million equity investment and conversion of its initial USD150 million hybrid securities in PT Aplikasi Karya Anak Bangsa (Gojek) following the completion of Gojek merger with Tokopedia Group
Representing PT Metra Digital Investama as a leading investor in the USD65.5 million Series B investment in Tanihub Group, a major Indonesian agritech start-up
Representing PT Dayamitra Telekomunikasi (Mitratel) in the proposed sale & leaseback transaction of 4,100 telecommunication towers of PT Indosat Ooreedoo (IO) via competitive bidding
Representing Telkom as Mitratel’s majority and controlling shareholder in the strategic cooperation with Indonesia Investment Authority (INA) in relation to INA’s strategic investment in Mitratel’s IDR18.79 trillion initial public offering of shares which included innovative structuring for enhancement of corporate governance structure in Mitratel
Representing PT Perusahaan Pengelola Aset (Persero) (PPA), the specialized turnover state owned enterprise (SOE), as a minority shareholder with special right in PT Indosat Ooredo Tbk. (IO) in the USD6 billion merger of IO and PT Hutchison 3 Indonesia which created the second largest telecommunication company in Indonesia
Representing Mitratel in its acquisition of 798 telecommunication towers from Telkom via complex capital injection mechanism
Representing PT Multimedia Nusantara (TelkomMetra) in its acquisition of PT Teltranet Aplikasi Solusi, the joint venture company owned by Telkom Group and Telstra Group for the development of Network Application and Services Program for corporate clients, via complex debt restructuri
Representing Mitratel in its proposed acquisition of a fiber optic company with 7,700 km fiber optic network via pre-acquisition restructuring and complex acquisition scheme combining assets, business and share purchase
Representing Mitratel in its proposed acquisition of 900 km fiber optic assets from a local telecommunication infrastructure company
Representing Telkomsel in the Series B investment in and development of LinkAja with participation from Grab Technology
Representing PT Persada Sokka Tama in the proposed acquisition of telco tower assets from a prominent telco tower company
Representing a foreign data analytic and processing company in the acquisition of an Indonesian market and data research company. The deal involved complex acquisition structure and payment mechanism requiring innovative structure to deal with multiple shareholders (including minority shareholders in the form of venture capitals and angel investors)
Representing PT Telekomunikasi Indonesia (Persero) Tbk. (Telkom) in a 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
Representing Indonesian financial technology and payment group company in its corporate restructuring and fundraising for its offshore and onshore investment vehicles, including by way of acquisition and transfer of shares for the streamlining of its local business entities
Representing Telkom and Telkomsel in the strategic investment in and development of LinkAja, the first state-owned enterprises supported financial technology, e-money and e-wallet company, involving complex business reorganization of Telkomsel’s e-money flag business, T-Cash, and creating one of the largest e-money companies in Indonesia
Representing PT Dayamitra Telekomunikasi (Mitratel) in its IDR1.2 trillion takeover of a major local telecommunication tower company having 1,000 telecommunication towers
Representing Telkom in its proposed acquisition of a major local tech marketplace and B-to-B e-commerce company
Representing Telkom and Mitratel in its proposed acquisition of a major foreign telecommunication tower company
Representing Mitratel in the proposed acquisition of telecommunication tower business and assets from a major local telecommunication tower company
Representing a major telecommunication company in its proposed acquisition of a local data center and IaaS (Infastructure as a Service) company
Representing Warburg Pincus in the USD25 million Series B Funding of Online Pajak, an Indonesian fintech company specializing in tax services
Representing Telkom in its proposed acquisition of a Singapore payment gateway service company (focusing on online game support)
Representing PT Telekomunikasi Indonesia International (Telin) in the acquisition of Telin Malaysia pursuant to the new approval from the foreign investment agency of Malaysia
Representing Grab and OVO Group in an acquisition of a peer-to-peer lending company and profiling as a service business
Representing Mitratel in the proposed acquisition of telecommunication tower business and assets from three major local telecommunication tower companies
Representing Mitratel in the proposed USD12.5 million acquisition of telecommunication tower business and assets from a major local telecommunication tower company
Representing Ekuinas Berhad, Malaysia’s government-linked private equity fund, in the MYR44 million acquisition of Exabytes Capital Group, a prominent cloud hosting companies with business footprint in Southeast Asia, including Indonesia
Representing a major telecommunication company in its proposed acquisition of a US listed business process outsourcing company (2018).
Representing a major telecommunication company in its USD35 million proposed acquisition of an international payment system provider company
Representing Telkom in its proposed acquisition of a foreign business process outsourcing company listed in the New York Stock Exchange
Representing Telkom in its USD30 million acquisition of TSGN Global, a Malaysian VSAT provider company
Representing Telkom in its proposed USD400 million acquisitions of a foreign major fintech company that provides integrated and secured payment system technology for major global and local financial institutions
Representing a major Indonesian telecommunication company in its proposed USD5 billion acquisition of a foreign telecommunication provider company