Expertise: Mergers & Acquisitions

SSEK Acts for Indonesian Conglomerate in Acquisition by Singapore Holding Company

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SSEK acted for The Gesit Companies, a diversified Indonesian conglomerate that operates in the property, trading and services, manufacturing and natural resources sectors, in a transaction with MEA Commercial Holdings Pte. Ltd. (MEACH), a leading Singapore holding company that focuses on real estate investments. SSEK assisted The Gesit Companies in the successful sale to MEACH … SSEK Acts for Indonesian Conglomerate in Acquisition by Singapore Holding Company

SSEK Indonesia Leads Legal Training for Pertamina

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SSEK partner Dewi Savitri Reni and associate Aldilla Stephanie Suwana recently provided legal training for employees of PT Pertamina (Persero), the Indonesian state-owned oil and natural gas corporation based in Jakarta. The legal training covered joint venture agreements, the merger and acquisition process in Indonesia, and liquidations. About SSEK SSEK is a leading full-service corporate … SSEK Indonesia Leads Legal Training for Pertamina

Corporate M&A in Indonesia – Scope of Due Diligence

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There are no specific requirements or procedures for due dil­igence before acquiring a company. However, it is common and best practice for a bidder to perform due diligence on the target company before proceeding with an acquisition. In practice, the due diligence will cover the following:   corporate organization and general information; compliance with general … Corporate M&A in Indonesia – Scope of Due Diligence

SSEK Acts for Ovolo Group in Bali Resort Acquisition

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SSEK has assisted Ovolo Group, an award-winning luxury boutique hotel brand headquartered in Hong Kong, with the acquisition of a resort hotel in Bali. Ovolo acquired Citadines Kuta Beach Bali, an upmarket serviced apartment/hotel development located near the popular tourist areas of Seminyak and Legian. This is the group’s first property outside of Hong Kong … SSEK Acts for Ovolo Group in Bali Resort Acquisition

SSEK Leads Training Sessions for Pertamina

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SSEK recently led separate training sessions for new legal officers at PT Pertamina, the Indonesian state-owned oil and natural gas corporation. SSEK partner Dewi Savitri Reni (Vitri) and Indrawan Dwi Yuriutomo, as associate at the firm, led a session on joint venture agreements and M&A transactions. Vitri led a second session on liquidation, bankruptcy and … SSEK Leads Training Sessions for Pertamina

SSEK Advises Malaysia’s RII Holdings on Investment in Indonesian Courier and Logistics Industry

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SSEK has advised Malaysian investment holding company RII Holdings Sdn Bhd (RII) on its acquisition of a substantial equity interest in leading Indonesian logistics company PT Pandu Siwi Sentosa (PSS). SSEK assisted RII with drafting and negotiating the transaction documents. RII signed on October 1 the definitive agreements with PSS and its individual shareholders, and … SSEK Advises Malaysia’s RII Holdings on Investment in Indonesian Courier and Logistics Industry

Indonesian Competition Body Aims Fines at Companies Late to Report Merger or Acquisition

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Indonesia’s Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha or “KPPU“) is seen to be more strictly enforcing fines for companies that are late in notifying the KPPU of a merger or acquisition that meets a certain threshold. KPPU Notification Requirement The requirement to notify the KPPU of a merger or acquisition is regulated under … Indonesian Competition Body Aims Fines at Companies Late to Report Merger or Acquisition

SSEK Partner Moderates Panel on M&A Transactions in Indonesia

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SSEK partner Dewi Savitri Reni (Vitri) moderated a panel on M&A transactions in Indonesia during a recent IBA and PERADI conference. The IBA-PERADI Corporate Counsel Conference: Indonesia – a Global and Local Legal Perspective in Investment was held in Bali. Vitri moderated the panel on Mergers & Acquisitions – Asset Purchase Versus Stock Purchase.