Blog Category: Deal News

SSEK Assists Kohler on Land Acquisition and Development for Manufacturing Plant

SSEK has assisted Kohler and its Indonesian subsidiary on the acquisition of approximately 20 hectares of land for the development of a new manufacturing plant in Deltamas-Cikarang, just outside of Jakarta. SSEK advised and assisted Kohler on the land acquisition process and the plant construction documents. Denny Rahmansyah, SSEK’s managing partner and a supervising partner SSEK Assists Kohler on Land Acquisition and Development for Manufacturing Plant

SSEK Advises on Acquisition of GE’s Transportation Business

SSEK has acted as Indonesian counsel to General Electric in connection with the acquisition by Wabtec Corporation of GE’s Transportation business. The global value of the acquisition was USD 11 billion, as has been reported. The SSEK team advising on the transaction was led by partner Dewi Savitri Reni. SSEK, with DLA Piper (Singapore), assisted SSEK Advises on Acquisition of GE’s Transportation Business

SSEK Indonesian Legal Consultants Advises on Real Estate JV

SSEK recently acted as Indonesian counsel to a foreign sovereign wealth fund that specializes in real estate investment and management services in connection with a contemplated joint venture with JustCo, Singapore’s largest co-working space provider, to develop co-working spaces across Asia. Specifically for the Indonesian aspect of the transaction, the client sought to acquire a SSEK Indonesian Legal Consultants Advises on Real Estate JV

SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

SSEK has acted as Indonesian counsel to KEB Hana Bank Korea, South Korea’s largest bank by assets, and the largest foreign exchange bank in South Korea, in connection with the acquisition by LINE Corporation, through its subsidiary LINE Financial Asia, of a 20 percent stake in PT Bank KEB Hana Indonesia through a Share Subscription SSEK Assists KEB Hana Bank Korea on LINE Acquisition of PT Bank KEB Hana Indonesia Stake

SSEK Advises on Acquisition of GE’s Distributed Power Business

SSEK has acted as Indonesian counsel to General Electric in connection with the acquisition by global private equity firm Advent International of GE’s Distributed Power business. The global value of the acquisition was USD 3.25 billion, as has been reported. SSEK, with DLA Piper (Singapore), assisted GE in structuring and handling the formation of the SSEK Advises on Acquisition of GE’s Distributed Power Business

SSEK Advises Pertamina on Creation of Indonesian Oil and Gas Holding Company

SSEK has advised on the formation of the Indonesian Oil and Gas Holding SOE, a USD 4 billion deal that results in the creation of Indonesia’s largest state-owned holding company. The deal closed on December 28, 2018. SSEK worked on this two-stage deal since 2012. We represented the Indonesian Ministry of State-Owned Enterprises in the SSEK Advises Pertamina on Creation of Indonesian Oil and Gas Holding Company

SSEK Assists on Acquisition of Luxury Resort in Bali

SSEK has assisted Minor International, one of the largest hospitality and leisure companies in the Asia-Pacific region, and Anantara Vacation Club on the acquisition of a luxury resort in Bali, Indonesia’s premier tourist destination. Anantara Vacation Club, one of Minor International’s brands and a leader in Asia’s shared vacation ownership industry, acquired the resort in SSEK Assists on Acquisition of Luxury Resort in Bali

SSEK Advises Shinhan Investment Corp. on Acquisition of Indonesian Securities Company

SSEK has acted as Indonesian counsel to Shinhan Investment Corporation, one of South Korea’s leading securities brokerage and investment banking houses, in its acquisition of Indonesian securities company PT Makinta Securities. Jonathan M. Streifer, a foreign legal advisor at the firm, led the SSEK team advising on the transaction. Kim & Chang was Shinhan Investment SSEK Advises Shinhan Investment Corp. on Acquisition of Indonesian Securities Company