Soemadipradja & Taher "has a team that can deliver quality and market-relevant advice", says one client. With a strong reputation in corporate work the firm has been "one of the most active firms in Indonesia M&A", according to a rival partner....
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Soemadipradja & Taher "has a team that can deliver quality and market-relevant advice", says one client. With a strong reputation in corporate work the firm has been "one of the most active firms in Indonesia M&A", according to a rival partner.
The firm advised BHP Billiton (BHPB) in relation to a strategic review of the Maruwai Coal Project, which includes seven contracted companies and combined resources of 774 million tonnes of coal. Following the review, BHPB entered into binding agreements to create a new joint venture with a subsidiary, which acquired 25% interest in the joint venture. The deal required extensive due diligence of the seven contracted companies as well as drawing up the transaction documents.
Another highlight was advising Vallar on the $3 billion acquisition in 75% of PT Berau Coal Energy and 25% of PT Bumi Resources through its subsidiary company Vallar Investments UK.
The representation includes advising on all aspects of the acquisition procedure, including deal structure and the transaction documentation, capital markets rules and the mandatory tender offer. Other matters included the preparation of the prospectus in relation to the application a listing on the LSE.
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"I rate very highly their banking practice, particularly their ability to be innovative in finding solutions," says one client of Soemadipradja & Taher.The team, led by Dezi Kirana and Linda Widyati, has been busy in advising on banking and project finance transactions....
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"I rate very highly their banking practice, particularly their ability to be innovative in finding solutions," says one client of Soemadipradja & Taher.
The team, led by Dezi Kirana and Linda Widyati, has been busy in advising on banking and project finance transactions. Recognised by peers as having "a good finance practice" in Indonesia, the team undertakes work for major national and international companies.
Recent notable roles have seen the firm advise ANZ Banking Group on various structured financing transactions and PT Bank Muamalat Indonesia on its Rights Issue IV, which included conducting due diligence.
International work involved advising the International Finance Corporation (IFC) on the financing of various projects in Indonesia, including a project for an oleo-chemical company.
The biggest highlight in the past year for Soemadipradja was advising PT Newmont Nusa Tenggara on the project financing of infrastructure for the expansion of the Batu Hijau mine. Indonesian firm PT Newmont Nusa Tenggara (NNT) secured a $600 million credit facility to fund its expansion plan at its Batu Hijau gold and copper mine in West Nusa Tenggara, Indonesia. NNT received the loan from a syndicate of 16 banks led by Bank Mandiri, France's BNP Paribas and Japan's Sumitomo Mitsui Banking Corporation.
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