Kristo Molina

Kristo's experience includes advising:

Capital Markets

Harita Nickel's IDR 10 trillion IPO
PT Trimegah Bangun Persada Tbk. (Harita Nickel) on its IPO on the Indonesia Stock Exchange (IDX), which included a Rule 144A/3(c)(7) and Regulation S offshore tranche. The transaction raised approximately IDR 10 trillion (US$672 million). This IPO represented the first EV-related IPO in Indonesia, in line with the Indonesian government's plans to capitalize on Indonesia's strategic position as the world's largest nickel producer to encourage the development of a domestic EV industry.

Cinema XXI's US$150 million Indonesian IPO
The joint global coordinators and international selling agents as well as the joint lead domestic underwriters on the IPO of PT Nusantara Sejahtera Raya Tbk ("Cinema XXI") on the IDX, which raised approximately IDR 2.25 trillion (US$150 million) and represented one of the largest IPOs in 2023 from the consumer sector in Indonesia. Cinema XXI is the largest cinema chain operator in Indonesia and its shareholders include an affiliate of GIC Private Limited, Singapore's sovereign wealth fund.

High yield offering guaranteed by PT Medco Energi Internasional Tbk
The initial purchasers in Medco Maple Tree Pte. Ltd.'s issuance of US$500 million Senior Notes, due 2029, with a coupon of 8.960% (under Rule 144A and Regulation S of the United States Securities Act).  The notes were irrevocably guaranteed by PT Medco Energi Internasional Tbk and listed on the Singapore Stock Exchange. The proceeds of the notes will be used for refinance of repay existing indebtedness and potential acquisition of oil and gas asset.

Avian's US$771 million Indonesian IPO
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 IDR10.951 billion (US$771 million). Avian is the market leader in the decorative paint and coating industry in Indonesia.

PT Bukalapak.com Tbk's US$1.5 billion Indonesian IPO
The joint global coordinators, international selling agents and joint lead managing underwriters in the IPO of PT Bukalapak.com Tbk on the IDX, which included a Rule 144A/Regulation S offshore tranche. The transaction raised approximately US$1.5 billion. This deal was named "IPO Deal of the Year" at the ALB Indonesia Law Awards 2022.

PT Bank Rakyat Indonesia (Persero) Tbk's US$6.7 billion rights offering
The international and domestic joint global coordinators in the approximately IDR95.92 trillion (US$6.7 billion) rights issue by PT Bank Rakyat Indonesia (Persero) Tbk., an Indonesian state-owned enterprise. This deal was named "Equity Market Deal of the Year" at the ALB Indonesia Law Awards 2022.

PT Archi Indonesia Tbk's US$194 million Indonesian IPO
The underwriters in the IDR2.79 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 was the first IPO with an international tranche to be conducted using the new e-book build system on the IDX platform.

LMIRT Capital's Regulation S senior notes offering
The joint lead managers in LMIRT Capital Pte. Ltd.'s Regulation S offering of US$250 million 7.25% Senior Guaranteed Notes due 2024. LMIRT Capital Pte. Ltd. is a subsidiary of Lippo Malls Indonesia Retail Trust ("LMIRT"). The Notes are guaranteed by Perpetual (Asia) Limited, as the trustee of LMIRT.

Secondary offering of shares in PT MAP Aktif Adiperkasa Tbk
The joint global coordinators and joint bookrunners in the secondary offering of ordinary shares in PT MAP Aktif Adiperkasa Tbk, a company listed on the IDX, with an offer price of IDR 6,500 per share (total offering size of IDR 4.15 trillion or approximately US$291 million), by a selling shareholder.

Mergers & Acquisitions

US$6 billion merger of Indosat Ooredoo and H3I
Ooredoo Group, a leading international telecommunications company, on 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. As of YTD 2021, this transaction is the: (1) largest IDX M&A deal in Indonesia, (2) second-largest M&A deal in Indonesia, and (3) second-largest telecommunications deal in Southeast Asia.

Investment in PT ABC Kogen Dairy
A Singapore headquartered private equity firm in its investment in PT ABC Kogen Dairy, a vertically integrated dairy manufacturer producing yogurt and milk products under the brand "KIN" which also operates as one of the largest and the only A2-cow dairy farm in Indonesia.

Acquisition of shares in PT Mulia Boga Raya Tbk
A global private equity firm on its acquisition of shares in PT Mulia Boga Raya Tbk., one of the largest cheese and cheese products manufacturing companies in Indonesia.

Acquisition of a majority stake in PT Revass Utama Medika
OrbusNeich Medical Group Holdings Limited, a Hong Kong-based medical device manufacturer listed on the Hong Kong stock exchange, in its acquisition of a majority stake in PT Revass Utama Medika, an Indonesian medical device distributor.

Sale of shares to Hormel Foods
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, a global U.S.-based food manufacturing company.

US$2.3 billion acquisition of PT Bank Permata
Bangkok Bank Public Company Limited on its US$2.3 billion acquisition of a 89.12 percent shareholding in leading Indonesian bank PT Bank Permata from Standard Chartered Bank and PT Astra International Tbk - the biggest M&A deal in Indonesia signed in 2019 by deal value.