PROFILE

Akram is an Associate at Makes & Partners Law Firm, where he is actively engaged in the Firm’s Capital Markets and Mergers and Acquisitions (M&A) Practice Group.

Since joining the Firm in 2021, Akram has built a strong transactional practice grounded in rigorous capital markets and M&A work. In the early stages of his career, he was extensively involved in complex capital markets transactions and M&A matters, equipping him with a robust ability to conduct thorough and sophisticated legal due diligence, particularly for transactions involving public companies and regulated entities. Akram now focuses primarily on capital markets transactions, where he regularly handles a broad range of corporate actions, including public offerings, private placements, and debt issuances.

Leveraging his capital markets expertise, Akram is also actively involved in high-profile M&A transactions, particularly those involving listed companies. In such matters, he takes a leading role in complex legal due diligence exercises and transaction documentation.

In 2024, Akram also pursued his studies at Penn Carey Law at the University of Pennsylvania, where he earned his Master of Laws (LL.M.) degree. During his studies, he served as one of the Class Representatives of the Penn Carey Law Capital Market Law Association (PCLCMA), where he fostered collaboration in the field of capital market law between students and faculty members.

Akram is a member of the Indonesian Advocates Association (PERADI).

Relevant Experience

Akram has been involved in several high-profile and complex transactions. His experience includes representing and advising clients in public offerings, bonds issuance, acquisitions, and general corporate transactions, among others:

• PT Global Digital Niaga Tbk. (BELI), one of the Indonesia’s leading e-commerce “blibli.com”, on its historical second-largest Initial Public Offering (IPO) in Indonesia of 2022 and fifth-largest in Indonesian Stock Exchange history
• 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
• PT Sejahteraya Anugrahjaya Tbk (SRAJ) (Mayapada Hospital Group), one of Indonesia’s leading integrated healthcare groups, in a bond issuance structured to support long-term capital planning and the expansion of hospital and healthcare infrastructure, involving layered regulatory and disclosure considerations under Indonesian capital markets regulations
• PT Tunas Baru Lampung Tbk (TBLA), a key member of the Sungai Budi Group, in the establishment and implementation of a shelf bond offering programme, requiring ongoing compliance with issuer obligations, disclosure standards, and capital markets governance for a diversified agribusiness group
• PT Summarecon Agung Tbk (SMRA), one of Indonesia’s leading publicly listed property developers, in the formation of a strategic joint venture with PT Setiawan Dwi Tunggal (SouthCity) for the development of an integrated retail and residential project, involving public-company governance considerations and complex joint venture structuring
• PT Agung Podomoro Land Tbk (APLN) in the landmark sale of selected strata title units at Central Park Mall and Neo Soho Mall to Hankyu Hanshin Properties, a leading Japanese real estate group, representing a sophisticated cross-border real estate transaction involving foreign investment and public-company disclosure considerations
• PT Bundamedik Tbk (BMHS), a prominent publicly listed healthcare group, in the strategic acquisition of a cardiovascular specialty hospital in West Java, involving complex legal due diligence, healthcare-sector regulation, and post-transaction capital markets compliance
• Sanctuary City 2 Pte. Ltd, a Singapore-based real estate developer, in its acquisition of PT Bangun Inti Abadi, a subsidiary of the Harita Group, involving cross-border investment structuring, regulatory approvals, and complex due diligence in the Indonesian real estate sector