Indonesia

Indonesian IPO of PT Trimegah Bangun Persada Tbk. (Harita Nickel)
Representation of PT Trimegah Bangun Persada Tbk. (Harita Nickel), an Indonesian pure-play nickel company, in relation to its initial public offering (IPO) on the Indonesian Stock Exchange (IDX), which includes a Rule 144A/3(c)(7) and Regulation S offshore tranche. The transaction, which raised approximately IDR 10 trillion (US$672 million) in gross proceeds, represents (1) Indonesia's largest IPO so far in 2023 and (2) the first electric vehicle (EV)-related IPO in the country, in line with the Indonesian government's plans to capitalize on Indonesia's strategic position as the worlds largest nickel producer, to encourage the development of a domestic EV industry.

Republic of Indonesia's largest-ever global US-dollar sukuk transaction
Representation of the arrangers and managers in the update of the Republic of Indonesia's (ROI) Rule 144A/Regulation S US$35 billion Trust Certificate Issuance Program and the subsequent US$3.25 billion dual-tranche sukuk offering under the Program, which closed successfully in June 2022. This transaction represents 1) the largest-ever global US-dollar sukuk transaction by the Republic of Indonesia, 2) the largest green sukuk tranche ever printed globally, 3) the largest issuance from Indonesia year-to-date, and 4) the first green sukuk tranche with a ten-year maturity by the ROI. White & Case has been advising on numerous sovereign bond issuances for the Republic of Indonesia since 2008.

US$850 million financing for PT Centratama Telekomunikasi Indonesia Tbk.
Representation of the arrangers in the approximately US$850 million financing to (among others) PT Centratama Telekomunikasi Indonesia Tbk., an Indonesia-listed telecommunication, multimedia and internet service provider, in connection with the acquisition of PT EPID Menara AssetCo, a subsidiary of Edge Point Singapore, which is wholly owned by global digital investor Digital Colony (renamed as "Digital Bridge").

Indonesia's first telecommunications satellite PPP project
Representation of the lenders in the financing for PT Satelit Nusantara Tiga for the US$545 million Indonesian Government Multifunction Satellite Public Private Partnership (PPP) Project.

US$6 billion merger of PT Indosat and PT Hutchison 3 Indonesia
Representation of Ooredoo Group, a leading international telecommunications company, in the US$6 billion merger of PT Indosat Tbk. (Indosat Ooredoo), an Indonesian subsidiary of Ooredoo Group, with PT Hutchison 3 Indonesia (H3I), an Indonesian subsidiary of CK Hutchison Holdings Ltd., to form PT Indosat Ooredoo Hutchison Tbk.

US$2.5 billion business combination with FinAccel
Representation of VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a SPAC sponsored by Victory Park Capital, on its US$2.5 billion business combination with FinAccel, the parent company of Indonesian digital consumer credit and "buy now, pay later" platform Kredivo.

Investment in Indonesian nickel production project
Representation of China's Zhejiang Huayou Cobalt Co. on a tripartite collaboration agreement with global automaker Ford Motor Co. and nickel producer PT Vale Indonesia Tbk. to jointly invest in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project. This is the first integrated joint venture between a leading Chinese mining company and a western automaker.

Sale of shares to Hormel Foods Corporation

• Representation of CVC Capital Partners on its pre-IPO investment, and subsequent sale of shares, in PT Garudafood Putra Putri Jaya Tbk. (Garudafood), one of the largest food and beverage companies in Indonesia, to Hormel Foods Corporation.
• Representation of the shareholders of PT Garudafood Putra Putri Jaya Tbk., one of the largest food and beverage companies in Indonesia, on their sale of shares to Hormel Foods.

Indonesian IPO of PT Bukalapak.com Tbk.
Representation of the underwriters in the US$1.5 billion IPO of PT Bukalapak.com Tbk. (Bukalapak) on the IDX, which includes a Rule 144A/Regulation S offshore tranche. Bukalapak is a leading Indonesian e-commerce company and the first Indonesian unicorn technology startup company listed on the IDX.

Rights offering by PT Bank Rakyat Indonesia (Persero) Tbk.
Representation of the international joint global coordinators and the domestic joint global coordinators in the approximately IDR 95.92 trillion (US$6.7 billion) rights issue by PT Bank Rakyat Indonesia (Persero) Tbk., an Indonesian state-owned enterprise.

Bangkok Bank's acquisition of Bank Permata Tbk.
Representation of Bangkok Bank Public Company Limited in its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk. from Standard Chartered Bank and PT Astra International Tbk.

Indonesian IPO of Avian
Representation of PT Avia Avian Tbk. (Avian) and certain selling shareholders in the IPO of Avian on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately IDR 10.951 billion (US$771 million). Avian is the market leader in the decorative paint and coating industry in Indonesia.

Indonesian IPO of PT Archi Indonesia Tbk.
Representation of the underwriters in the IDR 2.79 trillion (approx. US$194 million) IPO of PT Archi Indonesia Tbk., an Indonesian gold mining company, including a Rule 144A/Regulation S offshore tranche. It is the first IPO with an international tranche to be conducted using the new e-book build system on the IDX platform.

Arbitration related to a coal mine in Indonesia
Representation of the US subsidiary of a global engineering company in connection with a potential US$75 million SIAC arbitration relating to the design and construction of equipment for a coal mine in Indonesia.

Insurance claim related to an Indonesian company
Representation of a Chinese bank in an arbitration before the Singapore International Arbitration Centre with respect to a dispute arising out of an insurance claim. The claim relates to a loan provided to an Indonesian company.