INDONESIA Law and Practice Contributed by: Melissa Butarbutar, Ken Prasadtyo, Kevin Yehezkiel and Cindy Caroline, TnP Law Firm
TnP Law Firm is one of Indonesia’s leading law firms, with four partners, three associate part - ners and 22 associates. The firm offers a com - prehensive range of services related to mergers and acquisitions, covering various aspects of corporate and commercial matters. Its exper - tise includes providing corporate and regula - tory advice, ensuring compliance, facilitating restructuring and reorganisation, overseeing foreign investments and joint ventures, and handling complex M&A transactions. Notable
recent M&A work includes representing (i) PT Jasa Marga (Persero) Tbk in a USD1 billion eq - uity financing transaction supporting the devel - opment of the 1,184 km Trans-Java Toll Road; (ii) PT Dayamitra Telekomunikasi Tbk (Mitratel) in Indonesia’s largest telecoms tower acquisi - tion – a USD720 million deal for 6,000 towers from Telkomsel; and (iii) Mayora Group, one of Indonesia’s largest conglomerates, in the acqui - sition of its subsidiary, PT Bank Mayora, by the state-owned PT Bank Negara Indonesia Tbk.
Authors
Melissa Butarbutar is a managing partner at TnP Law Firm and is a seasoned legal professional specialising in M&A and general corporate; capital markets; ports and shipping;
Ken Prasadtyo is a partner at TnP Law Firm who has over 16 years of experience specialising in M&A and general corporate, financial services, capital markets, and technology, media
banking and finance; and energy and infrastructure. She has extensive experience handling major transactions, representing state-owned enterprises, private companies and multinationals. Notably, she played a key role in a landmark M&A deal in the banking sector, representing Mayora Group (and PT Bank Mayora) in PT Bank Mayora’s acquisition by PT Bank Negara Indonesia Tbk, a transaction valued at approximately IDR3.5 trillion.
and telecommunications. Since joining as a partner in January 2022, he has strengthened the firm’s operations and made a positive impact on colleagues and clients. He played a key role in landmark M&A transactions, representing (i) Bumi Resources in its acquisition by Salim Group, a deal widely recognised in the Indonesian market, and (ii) PT Jasa Marga (Persero) Tbk in its USD1 billion equity financing for the 1,184 km Trans-Java Toll Road.
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