Cellia Cotan Cognard

Practice Areas

Cellia Cotan Cognard is a corporate partner seconded to Herbert Smith Freehills’ associated Indonesian law firm Hiswara Bunjamin & Tandjung.

With more than 17 years of experience in Sydney and Jakarta, Cellia specialises in cross-border public and private M&A, private equity, joint ventures and foreign investment transactions, with a particular focus on the consumer, healthcare, manufacturing and industrial, and financial services sectors. She also heads the data protection and privacy practice in Jakarta.

Career

Cellia is trilingual (Indonesian, English and French and English) and dual qualified as a solicitor in New South Wales (Australia) and advocate (Peradi) in Indonesia.

Professional Memberships

Member of Indonesian Bar Association (Peradi)

Member of Law Society of New South Wales (Australia)

Publications

Cellia has co-authored the following recent publications:

• Indonesian investment – Six trends to watch

• Data residency laws frustrate Asian banks’ cross border activity (The Banker)

• Indonesia passes historic personal data protection bill

• Reforming Indonesia’s Healthcare System – Key Features of the Health Law

• Future of Indonesian Hospitals Following Recent Regulatory Developments

Work Highlights

Retail / Consumer / Industrials / Manufacturing

• adidas, on various legal and regulatory aspects of their respective business operations in Indonesia

• Mars group, on various legal and regulatory aspects of their respective business operations in Indonesia

• Robertet, French fragrance and flavor manufacturer in relation to its business expansion in Indonesia and shareholding restructure

• Zalora Group, leading fashion e-retailer in Southeast Asia, on its proposed business expansion in Indonesia

• Asia Partners, a South East Asia growth equity firm, on its USD50 million investment in the Series B fundraising of GudangAda, Indonesia’s largest B2B e-commerce platform

• JD.com, a Chinese e-commerce giant, and Singapore's Provident Capital Partners, as lead investors in the US$2 billion Series F investment funding round in Gojek

• Upfield Group (member of KKR) in relation to the legal and regulatory aspects of their margarine and spreads business operations in Indonesia

• Inchcape, a UK-based multinational automotive distribution, retail and services company, on the US$195 million acquisition of majority stake in Mercedes-Benz assembly and distribution operations in Indonesia

• Inchcape on its joint venture with Indonesian automotive group Indomobil to distribute and import Jaguar Land Rover vehicles and spare parts in Indonesia

• AB Volvo on its divestment of the UD Trucks business and termination of joint venture with Indonesian conglomerate Astra group, as part of the US$2.3 billion global divestment of the UD Trucks business by Volvo Group to Isuzu Motors

• Sumitomo Corporation in various Indonesian regulatory advice on the establishment of SMAS Mobility Indonesia, a car leasing business and joint venture with Sumitomo Mitsui Auto Service (SMAS), and acquisition of certain business assets from Indonesian lease financing company

• European based MNC that designs, and manufactures equipment for the aerospace defence, transportation and security sectors, in relation to its proposed strategic collaboration with Indonesian state-owned enterprise in the defence sector

• Indocement Tunggal Prakarsa, HeidelbergCement Group and its subsidiary Dian Abadi Perkasa on their acquisition of all shares in Semen Grobogan, an Indonesian cement manufacturer.

Health and Life Sciences

• Silk Road Fund, a state-owned investment fund of the Chinese government, on its US$120 million investment into Kimia Farma Apotek, an Indonesian pharmaceutical retail business owned by publicly listed PT Kimia Farma Tbk (Biofarma)

• Docta Aspen, Australian healthcare providers, on the proposed US$1 billion healthcare project to build hospitals and provide supporting healthcare services to West Java Province and a joint venture with Indonesian state-owned enterprise PT Jasa Sarana

• Dyson, a British technology company which manufactures household appliances, in relation to the Indonesian regulatory framework applying to the distribution of medical equipment in Indonesia

• Fullerton Healthcare on a proposed joint venture with an Indonesian partner and various regulatory advice on healthcare services in Indonesia

• a Korean multinational in relation to its laboratory clinic establishment in Indonesia

• a leading global food company on the proposed acquisition of an Indonesian traditional medicine business

• CVC Capital Partners in relation to its c.US$167 million acquisition of 15% interest in PT Siloam International Hospitals Tbk, Indonesia’s largest private national healthcare group

• a multinational pharmaceutical company on the proposed establishment of a local presence in Indonesia to commercialize pharmaceutical products

Financial Services and Financial Institutions

• General Atlantic on its first investment in Indonesia (USD145 million) in the food and beverage division of publicly listed Mitra Adiperkasa, Indonesia’s leading retailer and food and beverage operator

• CVC Capital Partners on its USD125 million pre-IPO bond and option investment in the sports related retail business of Jakarta listed Mitra Adiperkasa, one of Indonesia’s largest consumer retail business

• KKR on its acquisition of Unilever’s margarine and spreads business in Indonesia as part of the US$8 billion global acquisition of Unilever’s margarine and spreads business, and subsequent establishment of Upfield group subsidiaries in Indonesia

• Bank Permata, on its c. USD$3 billion acquisition by Bangkok Bank Public Company Limited of approximately 89.12% in listed Indonesian bank PT Bank Permata Tbk from PT Astra International Tbk and Standard Chartered Bank

• Temasek, on its USD4.56 billion 3-step divestment of a 73.8% stake in an Indonesian listed bank, Bank Danamon, to MUFG Bank, Ltd

• a US investment firm on its USD55 million investment (lead investor) as part of the USD150 million Series C fundraising of Ruangguru, Indonesian online education tech platform

• a US investment firm on its USD65 million (lead investor) as part of the USD150 million Series C fundraising of Xendit, Indonesia-based payment gateway service provider

• LinkAja, the Indonesian state-backed digital payment platform, on its US$200million Series B investment funding round from strategic investors including Grab and Gojek

Languages Spoken

English, French, Indonesian

Education