Indonesia

Jakarta-headquartered firm Hanafiah Ponggawa & Partners’ long history can be traced back to 1953. In September 2018, the firm combined with the world’s largest law firm, Dentons.

Focusses / specialisms

The firm performs consistently in banking, capital markets, M&A, project finance and restructuring.

The firm’s banking clients include financial providers and clients, lenders and debtors, banks and non-bank financial institutions in Shariah and conventional transactions.

The capital markets team is capable of advising on a wide spectrum of debt and equity transactions such as medium-term notes, IPOs, REITs, derivatives, securitisation, and rights issues. 

The projects team is experienced in sectors such as mining, transport, real estate and technology.

Key clients

Recent clients include Nordic Aviation Capital, Bank OCBC NISP, Apple Bank, Chorus Aviation Capital, MRT Jakarta, Shandong Xinhai Technology and Amazon Data Services Indonesia.

Research period review: 30th edition (2019/2020)

The banking team was busy with aircraft leasing mandates and acting for lenders on refinancing and aircraft financing transactions.

Capital markets highlights include assisting Bahana TCW Investment Management on asset-backed securitisation matters.

A standout corporate deal saw the firm advise Shandong Xinhai Technology in its cooperation with Aneka Tambang to build a nickel smelter.

In the projects space, the firm notably acted for MRT Jakarta and Amazon Data Services Indonesia.

An interesting deal saw the firm assist Amazon Data Services Indonesia with electricity supply contracts.

The firm also acted on several debt restructuring mandates, often for confidential clients.

Deal highlights: 30th edition (2019/2020)

Akulaku Silvrr Indonesia $33 million investment in Bank Yudha Bhakti

Bahana TCW Investment Management $91.5 million ABS securitisation

Fajar Surya Wisesa $50 million financing

Industri Kereta Api / Stadler Rail joint venture

Shandong Xinhai Technology / Aneka Tambang joint venture