Makes & Partners is involved in a wide range of issuances, including conventional, Shariah-compliant, and green bonds. The firm plays a key role in major IPOs and take-private transactions, areas where team head Iwan Setiawan has a strong track record, and excels in managing internal restructurings and corporate governance matters. Yozua Makes is a proficient cross-border adviser and is skilled in take-privates and public M&A. Bernardus Billy is the chief lead on global bond transactions and has a broad portfolio of IPOs. Cynthia Eltania is active on both debt and equity instructions, while Damar Ariotomo is recognised for his expertise in take-privates. Niki Satyapeni joined the firm from Ginting & Reksodiputro in association with A&O Shearman in November 2023.

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Key clients

  • PT Bank Mandiri Tbk
  • PT Lippo Karawaci Tbk
  • Lippo Mall Indonesia Retail Trust
  • PT Bentoel International Investama
  • PT Bank Syariah Indonesia Tbk
  • PT Dian Swastatika Sentosa Tbk.
  • PT Nusantara Infrastructure Tbk
  • PT Summarecon Agung Tbk
  • PT Profesional Telekomunikasi Indonesia
  • PT Global Digital Niaga Tbk

Work highlights

  • Acted as the legal consultant for both PT Bank Mandiri Tbk concurrent transactions; covering the issuance of Green Bonds under the framework of shelf registration for continuous bonds issuance and the issuance of MTN.
  • Acted as the legal counsel for PT Bentoel International Investama in the first successful Go-Private process under OJK Regulation No. 3/POJK.04/2021 on the Implementation of Capital Market Activities.
  • Assisting PT Lippo Karawaci Tbk. in the offer to purchase for cash: (a) 8.125% guaranteed senior notes due 2025 and (b) 6.75% guaranteed senior notes due 2026.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Iwan Setiawan

Other key lawyers

Yozua Makes, Bernardus Billy, Cynthia Eltania, Damar Ariotomo