Founded in 2017, up-and-coming law firm
UMBRA is located in Jakarta and is helmed by managing partner Pramudya Oktavinanda.
Focusses / specialisms
The firm has high-quality banking and restructuring practices and is also strong in capital markets, M&A and project development.
The banking team has expertise advising clients on regulatory matters and has also developed capabilities to cater to fintech clients.
In capital markets, the firm advises local and multinational clients, including Indonesia SOEs, on debt and equity offerings.
In M&A, the firm’s industry expertise includes technology and telecommunications, real estate, energy, mining, agriculture, retail, pharmaceuticals and healthcare.
The firm’s restructuring experience includes acting for creditors’ committees, financial institutions, funds and trustees.
Key clients
Notable clients include Euronet Worldwide, Indonesia Eximbank, Bank ICBC Indonesia, Lendable Asset Management, Bumi Resources Minerals, Sentul City, Telekomunikasi Seluler di Indonesia, Celebes Railway Indonesia and The Ministry of State Owned Enterprises.
Research period review:
33rd edition (2022/2023)
The firm’s banking work was primarily corporate finance – predominantly financing – transactions where its clients were the lenders and borrowers. The firm also advised on the lender side of Islamic financing.
The capital markets team was particularly active on equity mandates. It worked for issuers on secondary share offerings.
In M&A, the firm was active on strategic deals on both the buy and sell side.
In a landmark mandate, the firm acted for the seller on the final major tower deal in Indonesia.
A significant project finance mandate saw the firm act for the lender in one of the first geothermal projects which is being funded by an Indonesian bank.
In restructuring and insolvency, the firm recently acted for shareholders in industrials and manufacturing, and food and beverage sectors.
Deal highlights: 33rd edition (2022/2023)
Bank Syariah Indonesia’s $50 million syndicated sharia facility.
Loka Holdings’ $300 million financing.
Semen Indonesia’s rights issue.
The 145 MWac Cirata Floating Solar Power Plant.
Client feedback: 33rd edition (2022/2023)
Capital markets
“They gave our company advice regarding our company’s needs which was good and compliant.”
“UMBRA has a strong track record of involvement in numerous leading deals, major innovative high-profile domestic and international public offerings done by local, multinational and public companies. UMBRA is also experienced in handling equity and debt securities offerings where each offering has special characteristics and market practice, allowing us to assist our company in navigating through the deal until completion.”
M&A
“Creative, knowledgeable, passionate, diligent and dedicated.”
“They are responsive and gave us insights on the peculiarities of doing business in Indonesia.”
“UMBRA's lawyers are dedicated and responsive.”
Project development
“Swift and fast response when it comes to assisting us with the clients, in-depth understanding of matters.”
“They deliver legal advice that meets the client's needs, and they are aware of commercial issues.”
“Timely advice, and deep understanding of the business and industry.”
Project finance
“They have good experience, diligence, good communication, quick response.”
“Quick response, know-how on corporate legal issues, lenders concern, ability to persuade lender counsel of their argument.”
Restructuring
“Knowledge of Indonesian Law and regulations.”
Theresia Azalia
“Easy to contact, good knowledge, giving good advice.”
Pramudya Oktavinanda
“Energic, provision of innovative solutions, able to argue and persuade with lenders counsel.”
“In-depth knowledge of Indonesian laws.”
Dhea Gita Pramesti
“Responsive.”
Putu Raditya Nugraha
“Communicative, responsive, good track record.”
Poppy Rahmasuci
“Excellent corporate lawyer who is responsive and understands the client's needs.”
Christofer Ruminsar
“Christoper Ruminsar's expertise is capital markets and M&A. He's like Ahmad Zakaria's wingman, he was helpful in catering to our company's group.”
“He is a communicative lawyer and could also give our company brand new information that the company needs.”
Kirana Sastrawijaya
“Creative, knowledgeable, diligent, passionate, dedicated.”
“She is a very good lawyer with a deep understanding of law issues, especially with corporate governance issues.”
Liyanto Wijaya
“Timely advice and understanding of the market and industry.”
“Very good and responsive communications, always on hand with solutions, and provides excellent knowledge of the power sector.”
Ahmad Zakaria
“He was very helpful and well experienced in the capital market. He assisted our company group with experience in closing numerous capital market deals, he's familiar with end-to-end capital market transactions in every part.”
