We provide both strategic and tactical advice with respect to cross-border mergers, acquisitions, divestitures, reorganizations and restructurings. Our focus is often related to creating or unwinding strategic investment relationships between Asian-based enterprises and their international investment partners. We deliver results not only because of our long standing business relationships across SE Asia, but also because of the breadth of our expertise in industries relevant to this region.
|PT Indonesia Power
Advised state-owned Indonesia Power, Indonesia’s largest power producer with 127 power plants under management, in the development of a medium term financing plan.
|PT Perusahaan Pertambangan Minyak dan Gas Bumi Negara (Pertamina)
Advised PLN in restructuring and arranging external financing for PT Geo Dipa Energy, a geothermal power company owned jointly by PLN and Pertamina.
|Global Process Systems, Inc.
Advised Global Process Systems, Inc. (GPS), an oil & gas equipment provider and member of the Abu Dhabi-based Al Jaber Group, with respect to acquiring a 17.5% stake in PAE (Thailand) Public Company Limited, an oil and gas platform company.
Also advised GPS in its subscription of new shares and stock warrants issued by PAE, increasing GPS’ stake in PAE to 49%.
|Consumer & Industrial|
|Ballarpur Industries Limited
Advised Ballarpur Industries Limited (“BILT”), India’s largest manufacturer of writing and printing paper, with respect to acquisitions of pulp, paper, and plantation assets in Malaysia and Indonesia, with an aggregate value in excess of US$150 million.
|Stora Enso Oyj
Advised Stora Enso, Finland’s largest and world’s second largest paper products company, in the sale of its 18.8% interest in SET-listed Advanced Agro Public Company Limited (“Advanced Agro”) to a group of Hong Kong investors.
|Oji Paper Co., Ltd
Advised Oji Paper, Japan’s largest and world’s sixth largest producer of pulp and paper by revenue, in the sale of its 5.5% stake in Advanced Agro.
|Netherlands Development Finance Company
Advised FMO, the development bank of the Netherlands, in the restructuring and sale of its minority stake in PT Kabil Indonusa Estate, an industrial estate operator owning 180 hectares of prime land on Batam Island, to the Citramas Group.
|Leading Indonesian beverage can company
Advised shareholders of one of Indonesia’s largest producers and distributors of beverage cans and related canning products, with respect to a divestment of their stake in the company.
|Leading Indonesian consumer products company
Advised Indonesia’s and one of the region’s largest manufacturer and distributor of branded beverages, with respect to regional acquisition strategy.
||International Paper, Inc.
Advised International Paper with respect to a contemplated divestment of non-core assets in the Southeast Asia region.
|Banks & Financial Services |
|Actis Capital LLP
Performed financial analysis of Stock Exchange of Thailaid (“SET”) listed assets of Actic Capital, a leading Asian private equity investor.
|PT Bina Danatama Finance Tbk
Advised Actis, Lazard Capital, and a consortium of development banks, including the IFC and Netherlands Development Finance Company (FMO), in their divestment of a controlling interest in PT Bina Danatama Finance, a leading Indonesian finance company.
Advised ING Groep, a leading Dutch banking and insurance conglomerate, with respect to Asian acquisition targets.
|Credit Suisse AG
Provided financial and valuation analysis to Credit Suisse in relation to an Asian commodity company investment.
|Telenor Asia Pte Ltd
Advised Telenor Group (“Telenor”), one of the world’s major mobile operators (127 million subscribers), with respect to its Asian portfolio and investment strategy.
Advised Telenor in acquiring shares of United Communication Industry PCL (“UCOM”) another Thai telecommunications provider, from members of the Bencharongkul family, for total price of THB 9.2 bn.
|Mitsui & Co., Ltd.
Advised Mitsui & Co., Ltd (“Mitsui”) with respect to its successful acquisition of minority investments in Loxbit Public Company Limited, a leading Thai telecommunications and electronics provider.
Advised Mitsui with respect to the successful restructuring of outstanding liabilities of affiliate Asia Wireless Communication Company Limited.
|TOT Public Company Limited
Served as commercial and financial advisor to TOT, a state-owned Thai telecommunications company, for two (2) successive years.
December 2004, December 2005
|Total Access Communication Public Company Limited (DTAC)
Advised DTAC, a subsidiary of Telenor, with respect to a delisting tender offer for the shares of UCOM.