SSEK Advises on Acquisition of GE‚Äôs Distributed Power Business
SSEK Legal Consultants 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 Indonesian entity to be acquired as part of the global transaction. This Indonesian entity engages in the importation of gas engines.
The SSEK team advising on the transaction was led by partner Dewi Savitri Reni, with associate Greita Anggraeni.
GE\'s Distributed Power business is best known for manufacturing the Jenbacher and Waukesha gas engines, which generate electricity for towns and factories around the world.
SSEK Legal Consultants is a leading full-service corporate and commercial law firm based in Jakarta, Indonesia. Since its founding in Jakarta in 1992, SSEK has grown to one of the largest and most highly regarded corporate law firms in Indonesia. SSEK is recognized by independent legal directories including Chambers & Partners, The Legal 500 and Asia Law as a leading law firm in Indonesia across all major practice areas including banking and finance, capital markets, corporate law and mergers and acquisitions, construction and real estates, energy and natural resources, IT and telecommunications, labor and employment, project finance, restructuring and insolvency, and shipping. SSEK has been named the Indonesian Law Firm of the Year on multiple occasions.