Active since 1993, Makes & Partners excels in capital markets and has formidable banking and finance, corporate, and M&A and restructuring practices. Founder and name partner Yozua Makes leads the firm as managing partner. In 2014, it strengthened its regional presence by entering into a strategic alliance with WongPartnership in Singapore.
The firm successfully executed Indonesia's first go-private transaction under OJK Regulation 3/2021. The firm pioneered a novel solution by combining the OJK process with the Afwezigheid (absentee) procedure from the Indonesian Civil Code. After obtaining a court decree to transfer unreachable shares to the Heritage Office, Makes coordinated with regulators and securities companies to implement the ruling. This groundbreaking approach resolved a long-standing market challenge, establishing an efficient precedent for future go-private transactions in Indonesia.
Other highlights include advising a client on the strategic acquisition of Mahkota Prima Properti, the owner of Jakarta's prominent Capital Place Tower. This high-stakes transaction required navigating multiple legal challenges. A key complexity involved the building's integration with the Four Seasons hotel under an Indonesian condominium association (P3SRS), requiring sophisticated navigation of shared facility governance.
OMS Group, Summarecon Agung, Agung Podomoro Land, Lippo Mall Indonesia Retail Trust, TIS Petroleum (Asia), Profesional Telekomunikasi Indonesia, Indonesian Paradise Property, Lippo Karawaci, Bank Syariah Indonesia, and Bank Mandiri (Persero).
