PROFILE

Angela is an Associate at Makes & Partners Law Firm, where she actively engages in capital markets and mergers and acquisitions (M&A), as well as foreign investments and general corporate transactions.

She has developed a strong foundation in Indonesian capital markets law and regulations, and is regularly involved in complex legal due diligence and regulatory research for equity and debt capital markets transactions, including public offerings, private placements, and other corporate actions. Angela’s work focuses on reviewing regulatory compliance, disclosure requirements, and transaction readiness, with particular attention to identifying legal and regulatory risks relevant to listed companies.

In parallel, she is also involved in M&A transactions, primarily through conducting detailed legal due diligence and supporting transaction execution for both domestic and cross-border deals. Her practice is characterized by careful analysis, strong research capabilities, and the ability to translate regulatory and diligence findings into clear, structured input for transaction teams. Angela also assists on foreign investment and general corporate matters, supporting clients in navigating Indonesian regulatory requirements and ongoing compliance obligations.

Relevant Experience

Angela has been involved in several high-profile and complex transactions. Her experience includes representing and advising the following clients, including:

• PT Bank Mandiri (Persero) Tbk (BMRI), Indonesia’s leading state-owned bank, in its continuous public offerings of bonds, reflecting a large-scale and recurring capital markets programme to support national banking liquidity and funding resilience
• PT Dian Swastatika Sentosa Tbk (DSSA) in connection with multiple issuances of rupiah-denominated bonds and sukuk listed on the Indonesia Stock Exchange, supporting the diversified financing requirements of a complex corporate group comprising more than 80 subsidiaries, and underpinning the Group’s long-term capital structure optimization
• Kohlberg Kravis Roberts & Co. (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
• Lim Shrimp Ord. Pte. Ltd., a Singapore-based aquaculture company, in its acquisition of a controlling stake in PT Sumber Mas Konstruksi Tbk (SMKM), a publicly listed company construction company on the Indonesia Stock Exchange, representing a cross-border public takeover transaction and a strategic entry into Indonesia’s capital market
• Sunningdale Tech Ltd., a Singapore-based global manufacturer of precision-engineered plastic components, on its acquisition of Sanwa Plastic Industry Pte. Ltd. and its subsidiaries in Indonesia, resulting in the creation of one of the largest precision plastics engineering groups in the region
• Advantage Partners, a leading private equity investment firm in Japan, in its multi-jurisdiction acquisition of ITS Science and Medical Group, a medical and healthcare equipment distribution business operating across various Southeast Asian markets
• PT Ciliandra Perkasa, a majority-owned subsidiary of First Resources Limited, in its acquisition of controlling stake in PT Austindo Nusantara Jaya Tbk, a publicly listed agribusiness group, representing Indonesia’s largest acquisition in the first quarter of 2025 and a landmark consolidation in the plantation and agri-commodities sector
• PT Bank Victoria International Tbk. and PT Victoria Investama Tbk., in their sale of 99.99% shares in PT Bank Victoria Syariah (BVIS) to PT bank Tabungan Negara (Persero) Tbk (BTN)