IFLR 1000 (2017)
Banking – Tier 2
Capital markets – Tier 1
Energy and infrastructure – Tier 3
Mergers and acquisitions – Tier 1
Project Finance - Tier 2
Restructuring and insolvency – Tier 3
Fikri Assegaf, Bono Daru Adji, Ibrahim Sjarief Assegaf, Eri Hertiawan,
Since joining the Southeast Asia regional network of Rajah & Tann in 2013, Assegaf Hamzah & Partners keeps expanding in Indonesia with recent new offices in Surabaya and East Java.
The banking and finance team has close relations with the Indonesian government and regulatory authorities and state-owned financial institutions in addition to many Korean and Japanese banks. Deal highlights include work for Bumi Suksesindo (BSI) in the financing of the Bukittujuh gold mine in Banyuwangi, East Java, by BNP Paribas, Societe Generale Asia and HSBC.
Elsewhere in project finance, the firm acted for the project sponsors and lenders on the financing of the development of new power plants, sea and airports, expressways and rail networks. The firm also advised Penjaminan Infrastruktur Indonesia on the granting of government guarantees for the Palapa Ring Project, which involves the construction of a fibre optic cable network that will connect all of Indonesia.
In the capital markets, one highlight saw the firm act for the arrangers and dealers on the $2 billion sukuk wakala (agency contract) issued by the government of Indonesia. In another deal, the firm assisted the government with its Islamic GMTN program.
The M&A practice is one of the firm’s strongest suits, its experience and expertise can be seen in sectors like banking andfinancial services, energy, resources, aviation, automotive, retail, media and TMT sectors. Some of its regular clients include Saratoga, Pacific Harbour Group, Argyle Street Management, Triputra Investindo Arya and Treasure Capital.
During the research period the firm represented Itochu Japan in relation to the sale of a portion of its shares in SFI to Indomobil Multi Jasa. The firm also advised Anshan Iron and Steel Group on the set up of an Indonesian mining and smelting entity by way of a joint venture.
The restructuring and insolvency practice has been busy in a number of deals, including work for Multinitrotama Kimia as it filed for voluntary bankruptcy.