Acted for the local branch of an offshore bank in its US$120 million term and revolving facilities to a Singapore borrower in the palm oil business, the proceeds of which are to be applied towards refinancing existing liabilities, working capital and pre-export financing needs. The facilities are guaranteed by several Indonesian Borrowers and secured primarily against land and other assets in Indonesia.
Advised a PRC based genco and EPC company in their investment in an Indonesian project company, and the sale of a US$175 million, 2 X 55 MW turnkey coal fired power plant to the project company in Indonesia (Batam), and advising on the procurement of financing.
Advised an Indonesian financial institution in the facilities to an Indonesian listed energy group of secured facilities aggregating US$238,000,000.
Advised a British Virgin Island seller in a US$59,520,000 acquisition of 100% stakeholding in a Singapore subsidiary company which has investments in various Indonesian coal mining companies by a Japanese listed commodities trading group.
Advised a Singapore seller in a US$60 million acquisition of 25% stakeholding in a listed Indonesian infrastructure company.
Advised a Hong Kong seller in a US$210 million acquisition of 75% stakeholding in an Indonesian coal mining company with coal mining concessions by an Indonesian publicly listed integrated coal mining and energy company.
Involved with advisory work for an EPC contractor and investor on a 3 x 130 MW coal-fired steam power plant in Indonesia including undertaking due diligence, EPC contract, operation and maintenance contract, power purchase agreement.
Involved with advisory work for a bidding consortium on PLN’s 2 x 1000 MW coal fire power plant in Central Java, Indonesia, including pre-qualification documents, request-for-proposal documents, power purchase agreement.
Acted for a Singapore branch of an offshore financial institution in its US$25 million secured loan to a Singapore company for its rubber production.
Acted for a company listed on the TexDAX of the German Stock Exchange, on the purchase of the entire issued and paid-up share capital of an Indonesian IT company. The consideration comprises cash payments of approximately EUR39.7million and earn-out components of up to approximately EUR4.7 million, dependent on the operational profit of the acquired company in the years 2012 to 2014.