IFLR 1000 (2021)

Banking - Tier 1
Capital markets : Debt - Tier 1
Capital markets : Equity - Tier 1
Mergers and acquisitions - Tier 1
Project development - Tier 2
Project finance - Tier 2
Restructuring and insolvency - Tier 2

Leading lawyers:
Astrid Widyakartika Handaka (Rising Star) - Capital markets, M&A
Bono Daru Adji (Highly Regarded) - Banking, Capital markets, Energy and infrastructure, M&A
Fikri Assegaf (Market Leader) - Banking, Capital markets, Energy and infrastructure, M&A, Project finance
Ibrahim Sjarief Assegaf (Highly Regarded) - Banking, M&A
Kanya Satwika (Highly Regarded) - Islamic finance, Project development, Project finance
Tunggul Utomo (Notable Practitioner) - Banking, Capital markets, M&A, Project finance
Yanu Wiriasmoko (Notable practitioner) - Banking, Restructuring and insolvency

Founded in 2001, Assegaf Hamzah & Partners has established itself as one of the leading firms in the Indonesian legal market. The firm is headquartered in South Jakarta and has extended its presence throughout the region with its membership of the Rajah & Tann Asia network.

The firm excels in banking and finance, capital markets, and M&A work and has formidable projects and restructuring practices. In addition to advising across a spectrum of traditional capital markets and banking and finance transactions, the firm has a special focus on the fintech sector and Shariah-compliant investment and financing transactions.

In M&A the firm has experience across banking and financial services, energy, resources, aviation, automotive, retail, media, and technology and telecommunication. The firm also has a strong track record in representing private equity investors.

The projects team has significant experience in matters such as PPPs, production sharing agreements, power purchase agreements, oil and gas supply agreements and oil and gas supply agreements.

Key clients
The firm’s extensive client list includes Asian Development Bank, DBS, ABN Amro, CIMB, MUFG Bank, IFC, Export-Import Bank of Korea, General Atlantic, XiaoMi and HSBC Bank.

Research period review: 30th edition (2019/2020)
During the research period a high-value acquisition financing highlight saw the firm acting for the arrangers and lenders.

The capital markets team most regularly acted for the issuers on matters such as private placements, rights issues, and bond issuances.

An eye-catching M&A mandate saw the firm advising on the first banking merger OJK’s most recent merger regulation.

A project highlight saw the firm advising Abu Dhabi Future Energy Company on the development of Indonesia’s first floating solar power plant and the largest of its kind in Southeast Asia.

A newsworthy restructuring deal saw the firm advising creditors in Apexindo Pratama Duta’s suspension of debt payment proceedings.

Deal highlights: 30th edition (2019/2020)

  • Bank Tabungan Pensiunan Nasional / Bank Tabungan Pensiunan Nasional merger
  • Cirata 145MW floating solar photovoltaic power plant
  • Makassar-Parepare 142km railway
  • Riau 275MW combined-cycle power plant
  • Ruangguru $150 million Series C funding round
  • Satelit Republik Indonesia
  • SCG Packaging $680 million acquisition of Fajar Surya Wisesa

Client feedback: 30th edition (2019/2020)

“Maintaining relationships and a long and good reputation.”

“Knowledge of Indonesian law and practice as relevant for power project finance.”

“The firm is very experienced in project financing for infrastructure projects in Indonesia. And they always have great answers for practical problems that we encounter in such projects.”

“AHP are very responsive and commercial in their approach. They can think outside the box and provide pragmatic advice in the ever-changing Indonesian regulatory landscape.”

“Very proactive, client-focused, and well versed with Indonesian legal-fiscal context.”

“Responsive, experienced, and give very commercial advice.”

“They are very well versed in the rules and regulations and provide good advice. I like that they always have a positive mindset and show a professional front to the client.”

Project development
“Detail oriented.”

Aisyah Rahmarani Siregar
“Responsible and professional. Not afraid to dig into the slightest problems and always ready to conduct a thorough analysis of complex matters.”

Carol Lim
“Proactive, client-focused, and well versed in the legal-fiscal landscape. Provides clear and valuable advice.”

“Is very responsive, gives commercial advice, and has good client management.”

Fikri Assegaf
“Good reputation and good relationship management.”

“Fikri is outstanding at structuring and problem-solving. He is passionate about the law, and it shows as he always speaks very effusively. He has a great disposition and always tries to make time for us despite his busy schedule whenever we need his advice.”

Kanya Satwika
“Legal and market knowledge in the power sector.”

“Kanya is a brilliant lawyer who is able to quickly identify issues which are important to her clients and provide pragmatic advice. She is charming with clients and in negotiations.”

Wyncent Halim