Showcasing impressive activity in the energy, healthcare and pharmaceuticals sectors, Ginting & Reksodiputro in association with A&O Shearman is instructed by a range of premium multinationals, sponsors, state-owned enterprises and sovereign wealth funds on significant and high-value transactions across the Asian continent. Harun Reksodiputro and Sugianto Osman co-lead the team, with the former particularly well known for his capabilities in public and private M&A and the latter for his cross-border PE practice and understanding of the TMT space. Alamanda Daud and Prasetyo Sukirno continue to be a crucial supporting presence across a number of mandates.

A team praised as ‘outstanding in terms of knowledge and ability’, Hadiputranto, Hadinoto & Partners is particularly active in the TMT sector, overseeing complex M&A, spin-offs and joint ventures for some of the market’s largest players. The firm also possesses a strong private equity offering, and helps clients with transactions alongside fund formation and management. Team head Mita Djajadiredja handles a steady stream of sophisticated domestic and international M&A and is active across a range of sectors. Daniel Pardede is a go-to in the practice for TMT-related transactions, and co-head Erwandi Hendarta is a trusted adviser to an enviable roster of banks and financial institutions. Co-head Iqbal Darmawan’s far-reaching offering spans M&A, PE and corporate governance work. Gerrit Jan Kleute relocated to Singapore in July 2023, but saw the arrival of Bima Sarumpaet in January 2024.

Acting for a range of multinationals, sponsors and financial institutions, Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills offers expertise across the full range of corporate matters and demonstrates excellent cross-border capabilities. Recent areas of focus include the financial services sector, where the firm has managed both buy-side and sell-side M&A for banks and digital banks, and the healthcare sector, overseeing several complex, high-value transactions. Vik Tang leads the team and brings specialist expertise in public and private M&A. Co-head David Dawborn is a go-to for investment funds and PE sponsors, while co-head Sakurayuki is highly active in the telecoms sector. Cellia Cotan Cognard handles M&A, PE, and joint venture matters, and Irfan Ghazali is highly adept handling infrastructure and digital infrastructure-related transactions.

SSEK Law Firm advises clients across a wide array of sectors on the full range of corporate transactions. The firm is also frequently sought out by international clients for regulatory advice and is able to navigate complex commercial issues. Ira Eddymurthy leads the practice and acts on M&A and foreign investments, particularly in the healthcare and pharmaceuticals arenas. Co-head Rusmaini Lenggogeni continues to advise clients in the TMT and manufacturing sectors, while Michael Carl, who has a strong track record in handling digital infrastructure and tech-related transactions, is highlighted for his ‘expert, practical and commercial advice’. Fransiscus Rodyanto and Dewi Savitri Reni have recently handled substantial acquisitions in the energy sector. Mutiara Kasih Ramadhani also comes recommended for the depth of her corporate and commercial practice.

‘Responsive, professional and always adopting a commercial approach’, ABNR Counsellors at Law handles a range of high-end transactions across a multitude of sectors, including multi-billion dollar acquisitions and carveouts in the telecoms, healthcare and financial services arenas. The firm also brings its debt finance expertise to the fore on a number of transactions. Agus Ahadi Deradjat is praised for his ‘hard working, flexible, commercially oriented and problem solving mentality’ and advises on M&A and PE deals. Emir Nurmansyah and Ayik Candrawulan Gunadi are both particularly active in the infrastructure and digital infrastructure spaces and skilled in M&A and foreign direct investment transactions. Adri Dharma has a strong track record in life sciences, logistics and manufacturing matters.

Assegaf Hamzah & Partners is a one-stop shop for the full gamut of corporate work, handling a range of inbound and outbound investments, joint ventures, disposals and corporate restructurings. The firm collaborates closely with its strong competition, tax, and customs teams, enabling them to guide clients through every aspect of transactions, from regulatory compliance and due diligence to commercial support. Eko Basyuni leads the team and has recently been active on M&A and joint venture deals in the automotive, infrastructure and healthcare sectors. Bono Daru Adji is well regarded for his corporate expertise and has been a key part of the firm’s most substantial transactions, while Tunggul Purusa Utomo provides trusted counsel to both multinationals and state-owned enterprises. Angelica Ayu Maharani comes recommended for her skill in public and private M&A, and Ahmad Fikri Assegaf remains a key contact in the team.

Housing a team of ‘strong lawyers with deep knowledge of local laws and practices’, Makarim & Taira S. competently advises on a range of corporate matters, including M&A, joint ventures, and restructurings for a series of multinationals, domestics and state-owned enterprises. Despite its wide sector focus, the firm has notable activity in the real estate, energy and natural resources, and banking and financial services arenas. Rahayu Ningsih Hoed and Hilton King co-lead the team, with the former reputed for her skill in M&A, and the latter for his ‘unparalleled experience in mining and telecommunications work’. Maria Sagrado is a key name for foreign direct investment mandates and has a strong track record on fintech transactions, while Stephanie Kandou provides further M&A capabilities.

Makes & Partners has a strong reputation for corporate advice in Indonesia and is highlighted for its skill in M&A, recently handling substantial transactions in the TMT, energy and real estate sectors. The firm is also praised for its ability ‘navigating the regulatory landscape in Indonesia’ and retains close connections with a number of governmental bodies and regulators. Yozua Makes leads the team and is a proficient cross-border adviser. Co-head Iwan Setiawan is well-reputed for his capital markets expertise, while co-head Fransisca leverages an astute understanding of the banking and finance and real estate sectors when advising on complex transactions. Bernardus Billy provides a wealth of venture capital and fintech expertise and experience to an extensive roster of clients. Co-head Niki Satyapeni joined from Ginting & Reksodiputro in association with A&O Shearman in November 2023.

Widyawan & Partners has a deep bench of practitioners who can expertly advise an array of industry players on domestic and cross-border transactions, including M&A, spin-offs and carve-outs, joint ventures, and corporate restructurings. Alongside its proven track record in the oil and gas sector, the firm is also highly active on financial services and digital infrastructure deals. Helming the practice is Karen Phang who is a proficient M&A adviser with a wealth of experience across multiple industries. Co-head Yolanda Hutapea counts multinationals, funds, state-owned enterprises and start-ups as part of a diverse client roster, and David Holme is well-reputed for his energy sector expertise. Teguh Arwiko is another kay name for PE and venture capital deals. Tengku Almira Adlinisa also comes recommended for her far-reaching practice.

Sought out by high-end multinationals and state-owned enterprises for its extensive corporate offering, Hanafiah Ponggawa & Partners – Dentons HPRP not only handles M&A, joint ventures, and restructurings but also manages a wide range of commercial matters, including contract drafting and negotiation, market analysis and regulatory guidance, and business expansion initiatives. Practice head Andre Rahadian is a key figure for deals involving the tech, IT and telecoms arenas. Co-head Maurice Maulana Situmorang, who also has a strong understanding of the TMT sector, is also well-regarded for his energy acumen.

Oentoeng Suria & Partners in association with Ashurst ‘boasts a team of highly experienced attorneys with a track record of handling numerous M&A transactions’, with a particular focus on the energy and natural resources sector. The firm also has an active venture capital offering, retaining a client roster that includes both strategic investors and start-ups and SMEs. Ratih Nawangsari leads the group and is active on high-end M&A and foreign investment mandates. Co-head Ratih Nawangsari has an extensive cross-border practice and covers the full gamut of corporate instructions. Frédéric Draps focuses on the energy and infrastructure sector. Adhika Aditya  also comes recommended.

TnP Law Firm advises a diverse client base, including state-owned enterprises, financial institutions, and leading corporations, on a wide array of domestic and cross-border public and private M&A, divestitures, joint ventures, restructurings, and other corporate matters. The team remains active in energy, natural resources, and digital infrastructure, with a growing focus on banking and finance-related work. Rambun Tjajo spearheads the practice and is instructed on both buy side and sell side deals across a variety of sectors. Co-head Melissa Butarbutar is a key adviser to clients active in the fintech, e-commerce and tech spaces, while co-head Ken Prasadtyo has an extensive offering that includes both public and private M&A and corporate governance and regulatory advice.

TNB & Partners in association with Norton Rose Fulbright works closely with its Singapore and Sydney offices to advise on complex, cross-border M&A and investments, often instructed by a host of multinationals, funds, and strategic investors. Benny Bernarto and Kresna Panggabean co-head the practice. Bernarto is recognised for his skill in M&A and understanding of a variety of sectors including healthcare, energy and TMT. Panggabean is highly reputed for her understanding of the regulatory landscape alongside her experience in the energy and natural resources space. Jeremiah Purba also comes recommended.

Energy and infrastructure deals form the cornerstone of the corporate practice at UMBRA – Strategic Legal Solutions. The firm has recently been active on multi-billion spin-offs in the telecoms space, cross-border acquisitions and investments in conventional and renewable energy assets, and substantial company takeovers. Department head Pramudya Oktavinanda covers the full range of corporate services and is highlighted for his entrenched connections with regulators and state-owned enterprises. Co-head Reggy Firmansyah is the chief lead for energy and infrastructure deals. Ajeng Ayuningtyas is noted for her work in highly regulated industries, and Dhea Gita Pramesti is a TMT specialist.

A ‘capable, strong M&A practice that is able to navigate difficult local law issues’, Witara Cakra Advocates (WCA) in exclusive association with White & Case LLP Indonesia works closely with its overseas counterparts in Singapore, Hong Kong and Sydney to advise a host of strategics, funds and multinationals on domestic and cross-border deals. Kristo Molina leads the team and is active on both buy-side and sell-side M&A and PE transactions, operating in a multitude of sectors. Rika Rusman advises a growing roster of funds and PE firms on inbound investments, while Fatah Adzkia has supported a variety of practice mandates. Cindy Riswantyo joined from Ginting & Reksodiputro in association with A&O Shearman in October 2023 and brings further M&A capabilities.

Demonstrating continued activity in the energy, infrastructure and TMT sectors, Adnan Kelana Haryanto & Hermanto (AKHH) is active on buy-side and sell-side M&A, joint ventures, spin-offs and carve-outs, and corporate restructurings. Andy Kelana helms the practice and is a trusted adviser to an impressive roster of Indonesian and international corporates. Co-head Helena Adnan has a broad corporate and commercial remit and has a strong understanding of the energy, real estate, pharmaceuticals and manufacturing industries. Erline Herrmann is praised for her ‘strong technical and communication skills’.

Roosdiono & Partners (a member firm of the KPMG Law network) showcases wide corporate capabilities and is instructed by domestic and overseas industry players. The firm’s workload is split between inbound and outbound transactions, in-house training, and commercial, regulatory and compliance counsel. Team head Hanim Hamzah operates in both Singapore and Indonesia. Co-head Barryl Rolandi has particular strength in banking and finance transactions, while co-head Achimi Athia Anita has a wide sector understanding honed from previous in-house experience.

Demonstrating ‘great work ethic, outstanding responsiveness, and great skills’, Santoso, Martinus & Muliawan Advocates counts multinational companies, investment banks, local conglomerates, and local and foreign private equity firms among its key roster of clients, showcasing expertise in investments, transactional mandates reorganisations and licensing work. Elvino Martinus leads the team and maintains a track record in public M&A, while Wincen Santoso is compared to by clients as a ‘chess grandmaster; he considers every potential move and chooses the best for his clients’. Karin Sungkono also comes recommended.

Soemadipradja & Taher’s team is well versed in cross-border M&A, foreign direct investments, joint ventures, disposals and restructurings. Recent work has focused on the telecoms, retail, and maritime sectors, where the team has managed a variety of commercial matters alongside its corporate work. Department head Emalia Achmadi provides trusted counsel to a number of the firm’s key clients which includes a mix of multinationals, funds and state-owned enterprises. Avindra Yuliansyah co-heads the team and primarily focuses on TMT deals.

Walalangi & Partners in association with Nishimura & Asahi demonstrates established strength in the fintech, consumer goods and manufacturing sectors, working with top clients such as MUFG, Mitsubishi Corporation, and Mitsui & Co. The team is active on M&A, joint ventures, fund raisings, corporate restructurings, and corporate governance instructions. Luky Walalangi leads the team and is an M&A specialist with an extensive cross-border practice. Miriam Andreta supports across the full range of matters. Hans Adiputra Kurniawan and Siti Kemala Nuraida also come recommended for their skill in M&A.

Azwar Hadisupani Rum & Partners is recognised for its expertise in energy, infrastructure, natural resources, and transport sectors, handling a broad spectrum of corporate matters. The firm advises on M&A, joint ventures, and disposals, while also providing support in commercial contracts and corporate advisory work. Irawady Azwar and Abdul Haris Rum co-lead the practice and are both highly active in the projects and energy space. Aryangga Pradana Febrianto and Fadra Heryndra also come recommended.

Bagus Enrico & Partners (BE Partners) acts for a variety of clients, including domestic and multinational corporates, state-owned enterprises, and start-ups, on M&A, investments, restructurings and commercial contracts work. Team head Bagus Nur Buwono handles cross-border transactions, while co-head Enrico Iskandar is noted for his skill in TMT matters. Co-head Debu Batara Lubis is active for a range of overseas clients, particularly from Singapore, and co-head Wisnu Aji Wiradyo is recognised for his M&A and foreign direct investment work in the projects and energy space. Co-head Jeany Tabita has experience in the real estate and property sectors.

Hogan Lovells in association with Dewi Negara Fachri & Partners works closely with its overseas counterparts to advise an extensive roster of multinational industry players on M&A and foreign direct investment mandates. The firm also has a robust commercial, regulatory and due diligence offering. Team head’s Mochamad Kasmali primary area of focus is energy and infrastructure deals. Karina Antonio is skilled in M&A and joint ventures, and Fakharsyah Hanif Sugiyartomo has experience on global restructurings.

Hutabarat Halim & Rekan's corporate practice provides a full service offering to a range of pan-Asian clients, with established strength in the shipping, real estate, manufacturing and infrastructure sectors. Team head Pheo Hutabarat is recognised for his project-related transactions, and co-head Nini Halim is skilled in M&A and investment work. Co-head Rosna Chung has recently led on joint ventures, licensing, and corporate governance mandates, while co-head Milanti Kirana is strong in the energy, infrastructure and tech spaces. Co-head Bunga Wijayanti is a prolific cross-border adviser.

Showcasing an impressive sector breadth and a comprehensive corporate and commercial offering, IABF Law Firm (IABF) is a trusted adviser to multinationals, state-owned enterprises, start-ups and funds. Practice head Ivan Baely is well placed to advise on M&A, foreign investment, and restructuring mandates. Almaida Askandar and Robert Hasan handle a steady stream of commercial and corporate instructions. Tubagus Bambang Chaeruman also comes recommended.

Rifdaan Novarazka & Prabowo is experienced in acting on large scale acquisitions and investments in the Indonesian market. In recent months, the firm has had a large focus on the projects, energy and natural resources industries, particularly deals involving mining and minerals. Team head Randy Rifdaan has an extensive track record acting on M&A, joint ventures, and corporate reorganisations. Rika Salim is recognised for her knowledge of the regulatory landscape. Kasthya Rizqita Siburian also comes recommended.