Dandy Firmansyah

Practice Areas

Dandy is an Indonesia-qualified advocate specialising in capital markets, public M&A and financial services regulatory.

Dandy advises international and Indonesian clients on equity and debt capital markets transactions (which include Rule 144A and Regulation S offerings), public mergers and acquisitions under Indonesia's complex regulatory regime, financial services regulatory issues, and the corporate affairs of public companies. He has many years of experience handling matters relating to Indonesia's Financial Services Authority (OJK) and deep knowledge of OJK regulations and is well-positioned to help clients manage related issues.

Career

Dandy has an accounting background, which benefits clients seeking expertise in business and commercial aspects of equity and debt capital markets transactions, public M&A, and corporate finance matters. Dandy has handled many cross-border transactions and often manages complex investment and transaction structures.

Professional Memberships

Member of Indonesian Bar Association (Peradi)

Member of Indonesian Association of Capital Markets Law Consultants (HKHPM)

Publications

Dandy has co-authored the following recent publications:

• Changes to Reporting Obligation for Share Ownership and Encumbrance in Public Companies

• New OJK Regulation on Share Buybacks by Public Companies

• OJK’s Broad Authority to Stabilize Indonesia’s Capital Markets During Market Fluctuations

• Capital Markets and Securities Law Reform Under Indonesia’s 2023 Financial Omnibus Law

• Indonesian Financial Services Companies Prohibited from Marketing Non-OJK Licensed Investment Products

Work Highlights

• CVC on its acquisition of a controlling stake in Siloam Hospitals

• Elang Mahkota Teknologi (Emtek) on the acquisition of a controlling stake in Cardig Aero Services Tbk (CASS), from Cardig Asset Management, Dinamika Raya Swarna and SATS Singapore

• Kookmin Bank on its acquisition of Bank KB Bukopin Tbk via rights issue and private placement as a series of change of controller transactions

• Bank Danamon on the sale of Adira Insurance to Swiss insurance company Zurich via IPO structure

• Bank Permata on the sale of its shares by controlling shareholders Standard Chartered and Astra to Bangkok Bank

• Temasek on its multi-phased structured divestment of its controlling stake in Bank Danamon to The Bank of Tokyo-Mitsubishi UFJ, Ltd

• Grab on its strategic partnership with Emtek, an Indonesian listed company with TMT as one of its areas of focus

• Indo Premier Sekuritas, Trimegah Sekuritas Indonesia Tbk, UBS Sekuritas Indonesia, UBS AG Singapore Branch, Macquarie Capital Limited and Macquarie Sekuritas Indonesia on the US$600 million IPO of PT Merdeka Battery Materials

• Credit Suisse, Morgan Stanley, BCA Sekuritas and BRI Danareksa Sekuritas on the global offering of Blibli, a prominent omnichannel commerce and lifestyle ecosystem in Indonesia

• Credit Suisse, Deutsche Bank and CLSA on the IPO of Goto Gojek Tokopedia, a major digital ecosystem company in Indonesia

• MINISO Group Holding Limited on its global IPO and listing on HKEX

Languages Spoken

English, Indonesian

Education