Mr. Giffy Pardede

 

Giffy is a key member of the firm’s project finance; mergers and acquisitions (M&A), foreign direct investment (FDI) and real estate practices, advising clients across a wide range of industries and economic sectors, including oil & gas / natural resources, financial services and fintech; manufacturing, consumer goods, pharmaceuticals & healthcare, power & renewables, automotive, plantations & agriculture, and tourism & hospitality.

 

In project finance, he advised a consortium of domestic state-owned banks and international lenders on the recently closed, USD 1.846-billion “Trustee Borrowing Scheme Financing” provided to PT Pertamina EP Cepu (a wholly owned subsidiary of Indonesia’s state energy company, PT Pertamina Persero) for the development of the Jambaran-Tiung Biru gas project -- the financing consisted of a USD 1,746,400,000 conventional facility and USD 100,000,000 Shariah-based Wakala facility. 

 

Prior to this, he was a member of the ABNR team that advised the then Indonesian upstream oil-and-gas regulator SKKMigas on the USD 3.5 billion project financing for the development of the Tangguh Train 3 LNG plant.

 

In M&A, he is currently advising a China-based garment manufacturer with a number of plants in Indonesia on the local aspects of their global sale of manufacturing facilities. He also recently assisted General Electric Co. on the Indonesian aspects of the USD 6 billion global sale of their water processing technology and industrial technology solutions businesses, and South Korea-based LG International with their USD 70 million acquisition of 3 Indonesian plantation companies with operations in Indonesian Borneo (Kalimantan) from Indonesian conglomerate Barito Pacific Group. 

 

Prior to 2018, he was part of the ABNR team that advised a group of Indonesian buyers on their USD 2.6-billion debt-based acquisition of PT Amman Mineral Nusa Tenggara (previously PT Newmont Nusa Tenggara), the owner of the second largest copper and gold mine in Indonesia -- the transaction was named “2017 Debt Market Deal of the Year” by Asian Legal Business. He also previously advised private equity firm KKR with their first ever investment in Indonesia; and Sumitomo Mitsui Banking Corp. on their investment in two of the largest automotive-finance companies in Indonesia. 

 

In FDI, he is presently assisting Pegatron Corporation (an assembler of Apple iPhones) with their establishment of a new USD 300-million iPhone manufacturing operation in Batam province in Indonesia; and NYSE-listed Cabot Corporation with the expansion of their black-carbon manufacturing plant in Indonesia. 

 

In real estate, Giffy’s work over the last two years includes assisting ICBC Bank with proposed financing for the approx. USD1.5 billion Signature Tower project (now aborted); and a leading Indonesian property developer with the refinancing of its existing approx. USD 196-million loan from a syndicate of international banks; 

 

He also worked on a number of REIT-related transactions in the last two years, including advising HSBC Trust Services Singapore (HTSS) in relation to the acquisition of real property comprising a mall and hospital in Bau-Bau township by an Indonesian subsidiary of Singapore-listed First Real Estate Investment Trust (First REIT) – HTSS was the First REIT trustee; and HTSS in relation to the SGD 32.2 million acquisition of PT Mitra Anda Sukses Bersama, the owner of a four-storey shopping mall in Kendari, by Lippo Malls Indonesia Retail Trust (LMIRT) – HTSS was the LMIRT trustee.

 

Giffy is regularly contributor of articles on topic legal issues to various publications, and is a frequent speaker at workshops and seminars. 

 

He was recently named “Indonesian Young Lawyer of the Year” at the 2019 Asian Legal Business (ALB) Indonesia Law Awards, and is recognized by IFLR 1000 as a “Notable Practitioner” for Banking; and Corporate and M&A. He is also recommended for Real Estate by The Legal 500 Asia Pacific. 

 

CITIZENSHIP:
Indonesian

 

LANGUAGES:
Indonesian
English

EMAIL:
gpardede@abnrlaw.com