Active since 2016, Jakarta headquartered TnP Law Firm (Formerly TJAJO & Partners) is recognised for its banking, capital markets, M&A and restructuring and insolvency work.
Focusses / specialisms
The banking team advises both lenders and borrowers on project financing mandates, with a focus on the energy sector.
The firm acts for corporations, underwriters, private equity firms and investment banks across domestic and cross-border capital markets transactions.
In its M&A practice, the firm has experience in acting for clients such as buyers, sellers, and special committees across the spectrum of M&A matters.
Key clients
Clients include Bank Royal Indonesia, Bank J Trust Indonesia, Berau Coal Energy, Bakrie Telecom, Bukalapak.com and Tencent.
Research period review: 32nd edition (2022/2023)
The banking team was active on cross-border financing transactions.
In the capital markets area, the firm advised on debt and equity transactions. On the debt side it mainly acted for issuers on bond issuances, while advising issuers on rights issues and IPOs on the equity side.
In its M&A and restructuring practice, the firm acted for sellers and investors on deals in various sectors including oil and gas and food and beverage.
The firm recruited partner Ken Prasadtyo for its capital market, corporate and merger and acquisitions, financial services, technology and media and telecommunications team. Yogie Sugiharto, who was partner of the banking and finance, corporate and M&A, projects and infrastructure and restructuring and insolvency team, departed the firm.
Deal highlights: 32nd edition (2022/2023)
Mayora Group acquisition of Bank Mayora
Apexindo Pratama Duta $215 million mandatory convertible bonds issuance
Perusahaan Pengelola Aset sukuk issuance
Waskita Karya Realty and Waskita Fim Perkasa medium-term notes issuance
Indika Energy and Fourth Partner Energy joint venture
Client Feedback: 32nd edition (2022/2023)
Capital markets
"The team are very knowledgeable on the capital markets and very responsive. "
"Their knowledge on healthcare sector regulation and their very support and fast response."
Investment funds
"They are very experienced in investment funds and this gives comfort for both us and our counterparties. They are also practical and provide us with practical advisory that helps us in making decisions when completing the transaction."
M&A
"The firm provides solutions to legal problems in each transaction, and resolves legal issues related to the implementation of the GMS, but can still maintain compliance with laws and regulations."
"Tjajo & Partners has a unique and tailored approach that always builds their value proposition as a strategic catalyst instead of being a legal stopper for each client initiative."
Project development
"They are very responsive."
Melissa Butarbutar
"She is very efficient and provides on-point advice. The team is happy working with her for her legal knowledge and solutions provided to the case. "
"Really has 'know how' and knowledge about clients, so she can build a position as an initiative catalyst that can provide some way forward by providing risk mapping."
Brahmantyo Jatiwidianto
"Very responsive and helpful."
Ken Prasadtyo
"He can provide good solutions to every legal problem but still prioritizes compliance with laws and regulations so that legal risks can be mitigated."
"He has extraordinary experience and very supportive on client's concerns. He will try to give his very best knowledge to his clients."
"He is very responsive and very knowledgeable on the capital markets sector. "