Founded in 1993 by Yozua Makes, Makes & Partners delivers professional legal services and has grown to become a law firm at the forefront of the Indonesian corporate legal profession. Since its founding, Makes & Partners has had a history of forward thinking. As a trendsetter, Makes & Partners has achieved a number of firsts in Indonesia, including – to give just a few examples of the pioneering work of the firm – advising on the first IPO of an Indonesian real estate investment trust on the Singapore Stock Exchange; advising in the first privatisation of an Indonesian state-owned company; the first voluntary tender offer; and the first non-cash settlement rights issue. With a track record that shows a propensity for innovation and groundbreaking achievement, Makes & Partners is, undeniably, a formidable player in the Indonesian legal landscape.
In 2014, Makes & Partners entered into a strategic alliance with WongPartnership, one of the largest top-tier Singaporean firms, for seamless integrated services in the greater Asia region. By virtue of this pan-Asian strategic alliance, all of Makes & Partners’ clients will have full access to the professional and excellent legal services offered by WongPartnership’s branch offices and alliance law firms in Singapore, Malaysia, China, Myanmar and the Middle East. In the same vein, the clients of WongPartnership and its other alliance law firms in its Asian network will also have the benefit of commercially oriented legal results and services from Makes & Partners’ renowned practice in Indonesia. Makes & Partners is a law firm of business-minded and result-oriented lawyers. The firm undertakes projects and transactions with a sense of urgency and thorough processes, resulting in a faster completion rate without compromising on quality. The firm’s success, and its reputation as one of the premier Indonesian law firms, are together based on the firm’s philosophy that “solving legal problems is more than just knowing the law”. Makes & Partners takes a collaborative approach that focuses on the client and on the business situation. This philosophy guides the firm to provide tailored legal solutions with innovative structures that is commercially viable and fulfils the objectives of the clients.
In the firm’s years of practice in Indonesia, it has developed a growing roster of loyal clients and cultivated solid relationships with government agencies and the Indonesian legal community. The firm’s lawyers are assisted by special counsel attorneys who have served as senior officials in government ministries and the Supreme Court. Makes & Partners has also developed solid relations with a number of top-tier law firms in the US, the UK, Europe, Asia Pacific, Singapore and Australia.
Capital markets: Maintaining a position as a prominent legal player in the field of capital markets for more than 22 years, Makes & Partners continues to deliver excellent and professional services that have been widely acknowledged by the legal community. In late 2015, Makes & Partners received an award for its role in the massive global IPO of PT Mitra Keluarga Karya Sehat Tbk. This involved overcoming challenges posed by the stringent application of Indonesian capital market laws and regulations, in addition to issues encountered in the highly regulated field of healthcare. The global IPO of said company is considered the largest Indonesian IPO for private companies in recent years, raising approximately US$344 million.
Areas of practice
Mergers and acquisitions: Having extensive experience in the field of mergers and acquisitions, Makes & Partners has advised various reputable publicly listed companies in their M&A transactions. Makes & Partners has also carried out and overseen completion various M&A projects for both national and multinational companies, with several deals requiring ingenuity, originality and innovation.
Restructuring and reorganisation: Makes & Partners Law Firm has advised on some of the largest and most complex loan syndications and debt restructuring transactions in Indonesia. The firm has routinely advised corporate clients on their commercial borrowings and related matters, such as the granting of security interests. Makes & Partners’ client portfolio of international financial institutions includes leading players such as Goldman Sachs, Merrill Lynch, UBS AG, Credit Suisse First Boston (CSFB), Hong Kong and Shanghai Banking Corporation (HSBC), Raiffeisen Zentralbank Oesterreich AG (RZB) Singapore, United Overseas Bank Limited (UOB), DBS Bank Ltd, BNP Paribas Peregrine, Morgan Stanley, Barclays Bank, Deutsche Bank AG, West LB, Rothschild and Ancora Capital Management (Asia) Limited.