ABNR Advises Yamato on Acquisition of Indonesian Structural Steel Giant
We would like to congratulate our clients Yamato Kogyo Co., Ltd., Siam Yamato Steel Co. Ltd., and PT Hanwa Indonesia (the Indonesian subsidiary of a Hanwa Co., Ltd. of Japan) on their successful acquisition of 95% of shares in PT Nusantara Baja Profil (now PT Garuda Yamato Steel), from PT Gunung Raja Paksi, Tbk. and PT Gunung Garuda.
The deal, valued at over USD 400 million, marks a significant milestone in the growth strategy of our clients in acquiring one of the biggest structural steel manufacturers in Indonesia.
The deal was closed on Friday, 31 May 2024.
The complexity of this transaction demanded meticulous attention to detail and extensive collaboration. Over the course of three years, our team collaborated intensively with Katarina Svitekova, International General Counsel of Yamato Kogyo Co. Ltd. navigating every legal and regulatory aspect of the acquisition journey.
From structuring the transaction to conducting due diligence, implementing the post-merger integration, closing (transfer of the acquired shares) and managing the post-closing phase (merger control notification), ABNR as legal counsel to all three buyers provided comprehensive advice at every stage of the process. This achievement underscores our commitment to delivering exceptional service and strategic guidance to our clients.
The ABNR team advising on the transaction included partners Agus Ahadi Deradjat, Adri Dharma, foreign counsel Gustaaf Reerink, with a team consisting of Indra Setiawan and Tifanny Natalia (Labor), Mahatma Hadhi (Corporate), Yanny Suryaretina and Nova Hutagalung (Capital Markets), Nina Santoso (Antitrust) and Nesya Ashari, Sheila Alina, Afif Hirzi, and Reza Kinanti.
We extend our gratitude to our clients for entrusting us with this critical endeavour and commend the dedication of our team members who contributed to its success. Together, we have demonstrated the power of collaboration and expertise in achieving outstanding results.
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NEWS DETAIL
10 Jun 2024
ABNR Advises Yamato on Acquisition of Indonesian Structural Steel Giant
We would like to congratulate our clients Yamato Kogyo Co., Ltd., Siam Yamato Steel Co. Ltd., and PT Hanwa Indonesia (the Indonesian subsidiary of a Hanwa Co., Ltd. of Japan) on their successful acquisition of 95% of shares in PT Nusantara Baja Profil (now PT Garuda Yamato Steel), from PT Gunung Raja Paksi, Tbk. and PT Gunung Garuda.
The deal, valued at over USD 400 million, marks a significant milestone in the growth strategy of our clients in acquiring one of the biggest structural steel manufacturers in Indonesia.
The deal was closed on Friday, 31 May 2024.
The complexity of this transaction demanded meticulous attention to detail and extensive collaboration. Over the course of three years, our team collaborated intensively with Katarina Svitekova, International General Counsel of Yamato Kogyo Co. Ltd. navigating every legal and regulatory aspect of the acquisition journey.
From structuring the transaction to conducting due diligence, implementing the post-merger integration, closing (transfer of the acquired shares) and managing the post-closing phase (merger control notification), ABNR as legal counsel to all three buyers provided comprehensive advice at every stage of the process. This achievement underscores our commitment to delivering exceptional service and strategic guidance to our clients.
The ABNR team advising on the transaction included partners Agus Ahadi Deradjat, Adri Dharma, foreign counsel Gustaaf Reerink, with a team consisting of Indra Setiawan and Tifanny Natalia (Labor), Mahatma Hadhi (Corporate), Yanny Suryaretina and Nova Hutagalung (Capital Markets), Nina Santoso (Antitrust) and Nesya Ashari, Sheila Alina, Afif Hirzi, and Reza Kinanti.
We extend our gratitude to our clients for entrusting us with this critical endeavour and commend the dedication of our team members who contributed to its success. Together, we have demonstrated the power of collaboration and expertise in achieving outstanding results.