Capital Markets
Asia-Pacific Guide 2025 : Indonesia
Band 1
Email address
[email protected]Contact number
+62 21 574 7181About
Provided by Makes & Partners
Makes & Partners is the recognized leader in capital markets transactions in Indonesia, and the legal counsel of choice for notable issuers and underwriters since 1995. Our lawyers have in-depth knowledge of capital market laws and proven experience in working and negotiating with the regulators and have acted for both international & domestic clients.
We have acted as legal counsels in numerous global public offerings (debt and equity) for Indonesian companies listed on international private placements by way of Rule 144A and Regulation S, as well as domestic offerings (debt and equity) by Indonesian companies which include initial public offering, high yields and Islamic finance.
Makes always assists with the end-to-end strategic formulation to help the clients through the entire process and not just provide a mechanical or template solution as our ultimate priority is to protect the issuer's interest in each step of the way. Our Firm has developed deep and meaningful connections with the OJK, IDX, DPR, and other government and regulatory authorities and SROs.
Some of our notable deals include:
- Public Offering of PT Global Digital Niaga Tbk. (Blibli) (hailed as the second largest IPO in Indonesia of 2022 and the fifth biggest IPO in the history of the Indonesia Stock Exchange to date)
- Public Offering of Dana Investasi, Real Estat (DIRE) Simas Plaza Indonesia
- mega IPO of PT Dayamitra Telekomunikasi Tbk., (second-largest IPO in the history of Indonesia)
Chambers Review
Makes & Partners is a premier capital markets law group, predominantly acting for leading Indonesian corporates on both debt and equity offerings. The team regularly handles big-ticket IPOs, rights issues and bond offerings, advising clients from numerous sectors including real estate and telecoms. The firm's senior lawyers are recognised by commentators for their longstanding experience and Indonesian market connections.
Work Highlights
- Makes & Partners acted as the legal consultant for bothBank Mandiri’s concurrent transactions, covering the issuance of green bonds under the framework of shelf registration for continuous bonds issuance and the issuance of MTN.
Strengths
Provided by Chambers
"The firm has successfully structured and negotiated deals based on our commercial considerations and risk appetite."
"It is a notable firm in Indonesia that has been in this market for quite some time. Makes & Partners has an impressive track record."
"The firm has successfully structured and negotiated deals based on our commercial considerations and risk appetite."
"It is a notable firm in Indonesia that has been in this market for quite some time. Makes & Partners has an impressive track record."
Notable Practitioners
Yozua Makes is one of Indonesia's pre-eminent capital markets law experts. He is best known for advising on initial public offerings in Indonesia, particularly those in highly regulated industries.
Iwan Setiawan is an established capital markets lawyer in Indonesia. He continues to be highly active handling IPOs, rights issues and bond offerings.
"Iwan Setiawan is a well-known and reputable lawyer in the Indonesian market who is always open-minded in entertaining novel ideas from clients."