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Mergers and Acquisitions
Hiswara Bunjamin & Tandjung is widely acknowledged as the leading Indonesian firm for cross-border Indonesian M&A.
We act for some of the largest and most active Indonesian and global corporates in one of the most active M&A markets in the region. We advise our clients on the acquisition and disposal of Indonesian companies and assets across a broad range of market sectors. We also act for a number of leading Indonesian conglomerates. The experiences representing our clients over the last 15 years have shaped our understanding of the concerns and risk mitigation strategies that are likely to drive negotiations and commercial solutions to address the clients’ concerns, with a focus on investor protection.
In addition, our longstanding and uniquely integrated relationship with Herbert Smith Freehills, tested over 15 years, sets us apart as it enables us to deliver international standard M&A deal-execution which is fully integrated with local Indonesian law expertise. We have a proven track record of fielding a bilingual team (combining both Indonesian lawyers and a full team of Jakarta-based Herbert Smith Freehills lawyers experienced working in a truly collegiate manner) on complex structural aspects of Indonesian transactions and executing M&A transactions to international standards in Indonesia.
We are at the forefront of M&A trends in Indonesia and our understanding both of the key drivers for domestic Indonesian groups and the focus for international investors equips us with a unique perspective on Indonesian M&A transactions.
Our M&A expertise also includes specialised advice in competition and regulatory issues where we represent a broad cross-section of local and overseas clients on share and asset acquisitions.
Testimonials:
Hiswara Bunjamin & Tandjung ‘gets the balance right between operation and clients expectations'.
Asia Pacific Legal 500, 2015
The M&A team at Hiswara Bunjamin & Tandjung has 'a good set of people who are reliable, responsible and competent,' one client says.  "Speedy and responsive," another client says.
IFLR1000, 2015
"They know the environment well as they have worked in the industry for a long time and have good contacts with regulators."
Chambers Asia Pacific, 2014
  • Asahi Group Holdings Ltd: advising Asahi on its strategic non-alcoholic beverage joint venture with Indofood (an Indonesian listed company and an affiliate of the Salim Group, one of Indonesia's largest conglomerates).
  • Puma Energy (Singapore) Pte Ltd: advising Puma Energy (Singapore) Pte. Ltd. on its acquisition of 63.88% of PT Medco Sarana Kalibaru, the fuel storage and distribution subsidiary of the public-listed integrated energy company PT Medco Energi Internasional Tbk.
  • Mitsubishi Corporation: acting as Indonesia legal counsel on its acquisition of minority stake in Sriboga’s flour mill business.
  • Government of Singapore Investment Corporation: acting as Indonesia legal counsel on its acquisition of a 44-storey office tower in Central Jakarta.
  • Carlyle: assisting Carlyle on its private equity investment in a listed telecommunication sector related company in Indonesia.
  • Pirelli: acting as Indonesia legal counsel on its tyre manufacturing joint venture with Astra Otoparts (an affiliate of Jardine Matheson), and related land acquisition for construction of a factory.
  • Mitsubishi Corporation: acting as Indonesia legal counsel on its (approximately) US$165 million acquisition of a 9.99% interest in Sumber Alfaria Trijaya, listed on IDX and operator of Alfamart minimarkets including due diligence and structuring advice.
  • CVC: acting as Indonesia legal counsel on its partial exit from Matahari Department Store investment by way of re-IPO.
  • CVC acting as Indonesia legal counsel on its proposed private equity investment in a health care sector asset.
  • CVC: acting as Indonesia legal counsel on its private equity investment in Linknet pay TV business with First Media Tbk, in Indonesia.
  • British American Tobacco: acting as Indonesia legal counsel on its US$494 million acquisition of Bentoel, an Indonesian listed company, follow on tender offer and merger with BAT’s existing listed Indonesian subsidiary.
  • Cargill Group: acting as Indonesia legal counsel on its approximately US$300 million acquisition of control of, and subsequent tender offer for, Indonesian listed company Sorini Agro Asia.
  • Mitsubishi Corporation: acting as Indonesia legal counsel on its US$260 million acquisition of an interest in the SenoroÔÇÉToili gas project.
  • Black Platinum Energy: acting as Indonesia legal counsel on its capital raisings with a number of international private equity investors.
  • BP: acting as Indonesia legal counsel on all aspects of the sale process by way of auction of its46% operating interest in the Offshore North West Java PSC in Indonesia concluding in the sale of the interest to Pertamina.
  • China Investment Corporation: acting as Indonesia legal counsel on its US$1,9 billion investment in Bumi Resources.
  • China Resources Holdings: acting as Indonesia legal counsel on the sale of its strategic stake in Lippo Karawaci Tbk.
  • PTT: advising PTT on Indonesian aspects of its acquisition of a controlling interest in Sakari Resources (formerly Straits Asia Resources).
  • GMR Energy: advising GMR Energy on the US$500 million acquisition of a 30 per cent stake in PT Golden Energy Mines.
  • Tata Power: advising Tata Power Company Limited on various aspects of its USD1.1billion acquisition of a 30% stake in the Bumi Resources Indonesian coal mines, including the negotiation of a joint venture agreement and linked Articles of Association to protect the minority foreign shareholder rights and the multijurisdictional bridge financing and subsequent refinancing of the bridge.
IRIL HISWARA

Corporate

T. +62 21 574 4010
iril.hiswara@hbtlaw.com
SAKURAYUKI

Corporate

T. +62 21 574 4010
sakurayuki@hbtlaw.com
TJAHJADI BUNJAMIN

Banking and Finance

T. +62 21 574 4010
tjahjadi.bunjamin@hbtlaw.com
DAVID DAWBORN

Senior International Counsel

Hiswara Bunjamin & Tandjung

T. +62 21 574 4010
david.dawborn@hbtlaw.com
KEY CONTACT

Corporate

T. +62 21 574 4010
iril.hiswara@hbtlaw.com

Senior International Counsel

Hiswara Bunjamin & Tandjung

T. +62 21 574 4010
david.dawborn@hbtlaw.com
Copyright © 2015 Hiswara Bunjamin & Tandjung.