PROFILE

Arminta is an Associate at Makes & Partners Law Firm, where she focuses on mergers and acquisitions (M&A), capital markets, general corporate matters, and real estate transactions. Her practice is distinguished by a strong transactional foundation supported by deep industry knowledge, particularly in real estate and property-driven transactions. 

She began her career predominantly in M&A and capital markets, developing strong capabilities in complex legal due diligence, especially for transactions involving real estate assets and regulated entities. Arminta regularly conducts detailed reviews of corporate structures, land and property documentation, licensing regimes, contractual arrangements, and regulatory compliance, enabling transaction teams to identify and address execution risks early. 

Building on this foundation, she has expanded her practice to include corporate governance and post-transaction compliance work, including the strategic preparation of internal governance “white books” for regulated entities and competition law compliance arising from M&A transactions. This end-to-end capability allows her to support clients across the full transaction lifecycle – from acquisition and diligence through to regulatory alignment and governance implementation. 

In addition to her practice, Arminta has been part of the teaching team for the international program at the Faculty of Law, Universitas Indonesia since 2023.

Recent Publications

• Legal 500 – Overview and Recent Developments in Indonesia’s Real Estate Laws (2023)

Relevant Experience

Arminta has been involved in several high-profile and complex transactions. Her experience includes representing and advising clients in general corporate transactions, acquisitions, bonds/sukuk issuance and competition law, including:

• PT Agung Podomoro Land Tbk. (APLN), in the sale of strata title units of Neo Soho Mall and Deli Park Mall Medan, two iconic and landmark retail destinations in Indonesia, to entities controlled by Hankyu Hanshin Properties Corp., representing a high-profile cross-border acquisition of prime commercial real estate assets by one of Japan’s leading property groups.
• PT Summarecon Agung Tbk (SMRA) in a strategic corporate and asset reorganisation involving the divestment of subsidiaries, internal restructuring through asset inbreng, and the acquisition of PT Duta Wahana Asri to support expansion of large-scale property developments in Parung, West Java.
• MedcoEnergi in its acquisition of PT Mahkota Prima Properti, an investment vehicle of GIC Private Limited and the owner and operator of Capital Place Tower, a premium commercial landmark in Jakarta
• PT Garudafood Putra Putri Jaya Tbk. (GOOD), one of Indonesia’s leading fast-moving consumer goods companies, in connection with the acquisition of its joint venture companies from Suntory Group, a leading Japan-based family-owned global beverage and spirits group.
• Euromedica Group, the owner and operator of the first international beauty and aesthetic clinic in the Sanur Special Economic Zone, in the sale of a stake held by its founding shareholders to Adivira Capital.
• Kohlberg Kravis Roberts & Co. Inc. (KKR), one of the world’s leading global investment firms, in connection with Indonesian competition law advisory and compliance for its multiple acquisitions in the education, health, laboratory, and technology sectors.
• MedcoEnergi, in its strategic acquisition of major subsidiaries of PT TBS Energi Utama Tbk, supporting TBS’s 2030 coal phase-out and decarbonization agenda while enabling MedcoEnergi to diversify its energy portfolio and pilot a pragmatic, commercially viable energy-transition strategy.
• PT Bali Towerindo Sentra Tbk (BALI), one of the leading players in Indonesia’s telecommunications infrastructure sector, in connection with the issuance of its third series of rupiah-denominated bonds and sukuk listed on the Indonesia Stock Exchange, reflecting a mature and repeat-capital-markets programme supporting long-term infrastructure financing and balance sheet optimisation.
• PT Samator Indo Gas Tbk (AGII), one of Indonesia’s pioneer and leading industrial gas groups, in connection with the issuance of rupiah-denominated bonds and sukuk listed on the Indonesia Stock Exchange, reinforcing its role as a consistent issuer in Indonesia’s debt capital markets and supporting the continued growth of its industrial gas operations.
• PT Bank Mandiri (Persero) Tbk (BMRI), Indonesia’s leading state-owned bank, in its continuous public offerings of green bonds, representing a large-scale and recurring capital markets programme designed to support sustainable financing, strengthen national banking liquidity, and advance the Bank’s ESG and green financing agenda in line with Indonesia’s sustainable development objectives.