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Makes & Partners

Capital Markets

3 ranked lawyersBand 1IndonesiaAsia-Pacific 2022 View ranking table
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Ranked Lawyers
chambers review
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Ranked Lawyers

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What the team is known for

Makes & Partners is a premier capital markets law group, predominantly acting for leading Indonesian corporates on both debt and equity offerings. 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. Ciputra Development, Soechi Lines and Golden Energy Mines are clients.

Strengths

Makes & Partners is recognised for its "strong capital markets and OJK work" by market sources.

An interviewee observes that "Makes & Partners has qualified expertise in Indonesian capital market transactions."

Work highlights

Makes & Partners advised a subsidiary of Lippo Malls Indonesia Retail Trust on a USD200 million issuance of 7.5% guaranteed senior notes due in 2026.

Notable practitioners

Bernardus Billy 's practice focuses on domestic and international debt issuances in Indonesia, including medium-term notes and senior notes. He frequently acts for issuers and is described by one market source as "one of the very bright up-and-coming lawyers at Makes & Partners" and by another as "responsive and reasonable."

Iwan Setiawan is an established capital markets lawyer in Indonesia. He continues to be highly active handling IPOs, rights issues and bond offerings. Market sources say that he is "very experienced, good to deal with and well regarded."

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.

Department Information

This content is provided by Makes & Partners.

Overview

Makes & Partners is the recognized leader in capital markets transactions in Indonesia, and the legal counsel of choice for issuers and underwriters. Its lawyers have in-depth knowledge of capital markets laws and proven experience in working with the regulators.

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 Regulation S.

Recently, Makes & Partners was involved in all and every aspect of the multi-sided Public Offering of Dana Investasi, Real Estat (Real Estate Investment Fund or “DIRE”) Simas Plaza Indonesia by PT Sinarmas Asset Management (the “Issuer”). DIRE Simas Plaza Indonesia is the largest DIRE that has ever been offered in Indonesia. This deal is considered as a landmark deal in the sphere of capital markets and has attracted other Indonesian property tycoons to adopt a similar structure for their assets.

Currently, the Makes team is involved in two proposed IPOs that are expected to be the largest and the second-largest IPOs to be carried out in Indonesia.


Recent work highlights

Capital Markets

Makes & Partners

firm
Location

Menara Batavia, 7th Floor

Jalan KH Mas Mansyur Kav 126

Jakarta

Special Capital Region of Jakarta

Indonesia

10220

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Indonesia

Capital Markets


Bernardus Billy
Up and Coming
Iwan Setiawan
Band 1
Yozua Makes
Eminent Practitioners