"Makes & Partners are very knowledgeable in the area of capital market in Indonesia and they always provide the best possible solution," a satisfied client comments. Capital markets remain a focal point for this practice and clients "prefer Makes because of their expertise and willingness to provide solutions that really benefits us", says one....
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"Makes & Partners are very knowledgeable in the area of capital market in Indonesia and they always provide the best possible solution," a satisfied client comments. Capital markets remain a focal point for this practice and clients "prefer Makes because of their expertise and willingness to provide solutions that really benefits us", says one.
Leading the team is Yozua Makes along with senior partner Iwan Setiawan, both are highly regarded and appreciated by clients. "We always deal with Makes because of Yozua Makes and Iwan Setiawan, both are very knowledgeable and professional."
The team for the past year has been busy advising an Indonesian state-owned company that is not only the largest steel producer in Indonesia but also one of the largest steel producers in Southeast Asia on the global offering of up to three billion of the company's shares. The value of this deal is approximately Rp2.7 trillion ($315 million).
As the securities were also offered outside of Indonesia, various foreign laws and regulations were also required to be taken into consideration.
The firm also served as legal counsel of Bowsprit Capital as manager of First Real Estate Investment Trust in relation to the acquisition of Mochtar Riady Comprehensive Cancer Centre Indonesia (MRCCC). This matter required completing the master lease of MRCCC and the acquisition of Siloam Hospitals Lippo Cikarang Indonesia.
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"What is particularly exceptional with Makes & Partners is that it is not only the partners that are exceptionally skilled, knowledgeable and trustworthy, there are many layers of staff below partnership level that are equally impressive," comments one satisfied client.The same client also acknowledges: "I know that if I instruct Makes & Partners on a matter, I have absolute trust in them....
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"What is particularly exceptional with Makes & Partners is that it is not only the partners that are exceptionally skilled, knowledgeable and trustworthy, there are many layers of staff below partnership level that are equally impressive," comments one satisfied client.
The same client also acknowledges: "I know that if I instruct Makes & Partners on a matter, I have absolute trust in them. I can be sure that they are focused on solving my problems and caring for my interests; I know I am getting the best result possible".
The past year has seen the firm expand with the key additions of special foreign counsel in Kay Almajeda and Annalyn C Tayag. The two hires are significant move in keeping pace with the market's trend of increasing cross-border transactions.
In February 2011 the team was advising PT Bank Pembangunan Daerah Jawa Barat dan Banten on a Rp2 trillion ($236 million) bond offering.
Other notable highlights included advising on a first Real Estate Investment Trust (Reit) refinancing. The team acted as legal counsel for one of the prominent asset management companies in Singapore in respect of a term loan facility agreement provided by Overseas-Chinese Banking Corporation.
Showing its diversity in the banking practice, the firm advised PT Bank CIMB Niaga in dispute refinancing and debt restructuring. The team also acted as legal counsel for one of the biggest publicly-listed banks in Indonesia on a complex financing and refinancing of a coal company's subsidiary. The loan agreements totalled $55 million.
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