Corporate & Finance - Indonesia
What the team is known for Sought out by leading banks, major corporates, and Indonesian conglomerates and listed companies. Works closely with its Indonesian member firm Hadiputranto Hadinoto & Partners to provide comprehensive advice.
Strengths (Quotes mainly from clients)
Problem solving: "They are pretty good in dealing with challenges, and are able to spot issues and find ways to solve them."
Expertise: "Reliable and very knowledgeable."
Work highlights Acted for Rajamandala Electric Power as the borrower and Indonesia Power and Kansai Electric Power as the sponsors on the Rajamandala Hydro IPP in Indonesia.
Advised Medco Energi Internasional on the USD36 million divestment by its subsidiary Medco Downstream Indonesia of a majority stake in Medco Sarana Kalibaru.
Advised Temasek Holdings on its USD300 million investment in Multipolar, granting Temasek the right to a stake in Matahari Putra Prima.
James Huang is described as "a very thorough professional who really knows his stuff." The head of the finance and projects team in Singapore, Huang has substantial experience working with companies and banks in Indonesia-related transactions.
Ashok Lalwani is active in advising issuers and underwriters on public and private securities offerings in Indonesia. Sources highlight his proficiency with US federal securities laws. He recently acted for Bank Negara Indonesia on its USD500 million notes issuance on the Singapore stock exchange.
Chew Chin is well versed in financing and project development in the energy and infrastructure sectors, a recent highlight being the Rajamandala Hydro IPP project. He also has experience in advising governments and regulators in these sectors.
Commentators note that Jon Worsfold has "good knowledge and experience in Indonesia, and gets deals done." The M&A specialist is particularly well versed in the sectors of banking, mining, oil and gas, and private equity. He advised on the divestment of Medco Downstream Indonesia of a majority stake in Medco Sarana Kalibaru.
Significant clients CIMB, Medco Power Indonesia, Mitsui Banking, Standard Chartered Bank, Sumitomo Peabody Energy.