Makes & Partners is renowned for its strength in capital markets and M&A transactions, but this year also earned a name in the project finance sector. "They are small, but stable and are also seen in big deals," says a rival....
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Makes & Partners is renowned for its strength in capital markets and M&A transactions, but this year also earned a name in the project finance sector. "They are small, but stable and are also seen in big deals," says a rival. One client rated the firm's service as "comparatively excellent", adding: "They have a better standard operating procedure in serving clients."
Name partner Yozua Makes, who is well recognised by clients, led a number of corporate transactions. Of note was the acquisition of shares of Bank Ekonomi Rahardja by HSBC Asia Pacific Holdings, where Makes advised the purchaser in the $631 million deal.
The firm has recently worked for Kestrel Wave Investment in its Rp4 trillion ($393 million) voluntary tender offer for 15.2% of Citra Tubindo. More examples include acting for Nusantara Infrastruktur on its Rp400 billion acquisition of Jakarta Lingkar Barasatu and representing Bahana TCW Investment Management as fund manager in the Rp325 billion acquisition of Pelabuhan Penajam Banua Taka. In addition, the firm acted for Saratoga Investama Sedaya on a $30 million offshore loan facility for the local company's acquisition of shares in a listed mining company.
HSBC Institutional Trust Services mandated the firm to advise on its role as trustee in two loan facilities, including a S$120 million ($83.8 million) loan facility for First Reit Singapore and a S$350 million ($244.5 million) credit facility agreement for Lippo Mapletree Indonesia Retail Trust.
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