Mergers & Acquisitions, Corporate Transactions and Strategic Investments
Indonesia’s mergers and acquisitions landscape continues to develop in response to foreign investment activity, regulatory reform, and sector specific consolidation. Drawing on the broader DFDL platform, Nusantara DFDL Partnership advises multinational corporations, investors, and Indonesian companies on corporate transactions in Indonesia and beyond.
Corporate and M&A transactions in Indonesia involve navigating a multi-layered regulatory framework, including company law, foreign investment restrictions, licensing regimes, and competition considerations. Transactions frequently require careful structuring to address regulatory approvals, shareholder arrangements, and post-transaction integration.
Nusantara DFDL Partnership advises multinational corporations and Indonesian companies across the full transaction lifecycle, from initial structuring and due diligence through to execution and post-closing implementation, ensuring alignment with both Indonesian legal requirements and broader investment strategies.
Foreign investment structures need accurate KBLI analysis, PMA treatment, OSS licensing, capitalisation and sector approvals, so investors avoid delays after signing, closing or incorporation.
Joint ventures depend on partner diligence, control rights, funding obligations, reserved matters, deadlock routes and exits. Nusantara DFDL helps align commercial intent with governance.
Helping groups reorganise shareholdings, assets, contracts, management roles and operating licences, while managing tax, employment, creditor and continuity issues during sensitive transition periods effectively.
Competition, licensing and sector approvals can affect valuation and closing. Support covers KPPU analysis, regulator engagement, filing pathways and deal-specific risk allocation for transactions.
For PE and venture capital investors, advice covers investment instruments, shareholder rights, ESOPs, liquidation preferences, exits, OJK touchpoints and portfolio company governance in Indonesia.
Advising buyers, sellers and strategic investors across term sheets, due diligence, SPAs, closings, AHU updates and post-completion actions, with a broad-base DFDL support for regional deals.
Diligence should uncover ownership gaps, licences, contracts, employment exposure, litigation, tax issues and land rights before signing, giving clients clearer pricing, warranty and closing positions.
Our practice regularly supports global investors across a broad range of industries. Recent experience includes:
Jade Hwang
Partner
Jade Hwang advises multinational corporations, investors, and Indonesian companies on
corporate transactions, mergers and acquisitions, and regulatory compliance in Indonesia,
including cross-border investment strategies.
Practice Areas: Corporate & M&A | Investment Funds | Real Estate & Hospitality | Technology, Media & Telecom | Restructuring
SPEAK WITH Jade HwangTransactions typically include share acquisitions, asset acquisitions, mergers, and strategic investments, depending on regulatory requirements and commercial objectives.
Foreign investors may acquire Indonesian companies subject to foreign ownership restrictions, investment regulations, and sector-specific limitations.
Legal due diligence generally covers corporate structure, regulatory compliance, contractual obligations, employment matters, and potential liabilities of the target company.
Certain transactions require notification to the Indonesian Competition Commission (KPPU), particularly where prescribed thresholds are met.
Joint ventures are typically established through Indonesian legal entities, with shareholder agreements governing ownership, management, and exit rights.
Key considerations include regulatory approvals, foreign ownership limits, tax implications, licensing requirements, and risks identified through due diligence.
Private equity investments are commonly structured through share acquisitions or investment vehicles, taking into account governance rights, exit mechanisms, and regulatory compliance.
The Online Single Submission (OSS) system is used to update business licences and registrations following ownership changes, ensuring ongoing regulatory compliance.
Clients should seek advisors with strong experience in Indonesian corporate law, cross-border transactions, and regulatory frameworks, as well as the ability to deliver clear, commercially grounded advice.
