Capital Markets

Makes & Partners is often ranked among the top tier Indonesian law firms in the area of capital markets law. In addition to the domestic transactions, Makes & Partners has acted in numerous global public offerings (debt and equity) by Indonesian companies listed on international exchanges and international private placements, by way of Rule 144A and Regulations S. Some of the capital markets deals that Makes & Partners advised on till year 2011 are as follows:

Issue of conventional and Syaria Bonds with values IDR 300 billion and IDR 200 billion, respectively, by PT Mitra Adiperkasa Tbk a publicly listed company in Indonesia with a diversified portfolio that includes sports, clothes, fashion, kids, food & beverage and lifestyle products.
Makes & Partners acted as the counsel for Initial Public Offering of more than 500,000,000 shares of PT Pelat Timah Nusantara a tinplate producer in Indonesia.
Initial Public Offering of shares of PT Dian Swastatika Sentosa, an Indonesian company with a diversified portfolio which includes trading, infrastructure, telecommunication towers, properties and mining. The offering comprised of more than 1,000,000,000 shares, representing 13% of the total issued capital of the company.
Limited Tender Offer of shares of PT Tempo Scan Pacific by PT Bogamulia Nagadi, with a deal value approximately IDR 729 billion.
Rights issue by PT Surya Semesta Internusa Tbk, with a deal value of approximately IDR 153.7 billion.
Issuance of Syaria Bonds by PT Metrodata Electronics Tbk, with a deal value of IDR 90 billion.
Makes & Partners represented the issuing company PT TITAN Petrokimia Nusantara on its combined offering of debt instrument by way of issuance of Sukuk Ijarah and Conventional Bonds with respective values of IDR 100 billion and IDR 200 billion.
Combined offering comprising of (a) shares divestment by government of Republic of Indonesia in BNI 46 and (b) rights issue of BNI 46, with a deal value of IDR 7 trillion.
Initial Public Offering of PT Media Nusantara Citra Tbk, with a deal value of IDR 3.7 trillion.
Initial Public offering of units by the Real Estate Investment Trust (REIT) listed on Singapore Stock Exchange (SGX) with underlying Indonesian Assets comprising of hotels and hospitals valued at USD64 million. This deal also won the Mundial award from ALB publishing.
Lippo Mappletree REIT which is the second REIT transaction listed in the SGX with retail malls as underlying assets, with a deal value of USD 422.3 million.
The issuance of the USD 125 million 9% Senior Notes due 2015 of PT Lippo Karawaci Tbk. to be issued by Sigma Capital Pte. Ltd.
Initial Public Offering of Shares of PT Harum Energy Tbk., a coal mining company with the deal value of IDR 2.6 trillion.
Initial Public Offering of newly-issued ordinary shares sale with a total of 1,166,191, shares of PT Indofood CBP Sukses Makmur Tbk one of the country's biggest local Consumer Brand Product Company.
Initial Public Offering of shares of PT Bank Pembangunan Daerah Jawa Barat Tbk, the first and the largest Indonesian regional bank to be listed in the Indonesian Stock Exchange with a total of 1.812.154.500 shares for a value of IDR 1.4 trillion.
The sale of multinational company 65.1% stake in PT Multi Bintang Indonesia Tbk, a public listed company which is a leading beer manufacturer in Indonesia with the purchase price of approximately IDR 2 trillion.
Initial Public Offering of PT Krakatau Steel Tbk, the largest steel producer in Indonesia for up to 3,155,000,000 shares with the value of IDR 2.681 trillion.
Initial Public Offering of PT Sarana Menara Nusantara, a holding company of the biggest national telecommunication tower company provider.
Sale of a total of 3,163,260,000 newly issued ordinary shares of PT Salim Ivomas Pratama Tbk with the applicable rules and regulations of the Republic of Indonesia concerning capital markets and solicits foreign investors residing outside the Republic of Indonesia to subscribe to the Offering Shares.