Senior Associates

mada.herpadma@tumbuanpartners.com

Mada Herpadma Kusumasidarta

Senior Associate

Mada Herpadma Kusumasidarta has been in practice since 2011. Prior to joining T&P, he was a corporate legal assistant at PT Hanson International Tbk (investment company), where he was involved in corporate work, capital markets, banking and finance, acquisitions and restructuring. He graduated in 2010 from the Faculty of Law, University of Pelita Harapan, majoring in Business Law and in 2016 earned his master’s degree from the same university. He also attended English programme at Georgetown University. At T&P, he has been involved in capital markets, mining projects in Indonesia, banking and finance, acquisitions and general corporate work.

His professional experience covers acting as legal adviser to among others:

  • PT Wijaya Karya (Persero) Tbk in its issuance of Obligasi Berkelanjutan I Wijaya Karya Tahap II Tahun 2021 with a total size amounting to IDR2,500,000,000,000  and Sukuk Mudharabah Berkelanjutan I Wijaya Karya Tahap II Tahun 2021 with a total size amounting to IDR500,000,000,000
  • PT CIMB Niaga Sekuritas, PT BRI Danareksa Sekuritas and PT Samuel Sekuritas Indonesia (the Joint Lead Underwriters), acted as the Indonesia legal counsel to the Joint Lead Underwriters in the IPO process of PT Widodo Makmur Unggas Tbk in Indonesia and international offering outside the United States in reliance on Regulation S (through an International wrap)
  • PT Bank Pembangunan Daerah Banten Tbk in Indonesia in its limited shares offering (rights issue) with pre-emptive rights of up to +IDR3,04 trillion 
  • PT Selaras Citra Nusantara Perkasa Tbk in its Pre-Legal Due Diligence for its restructuring plan and its Initial Public Offering (IPO) with an offering size up to 20% of its issued and paid up capital
  • PT Elnusa Tbk in its issuance of the Shelf-Registered Sukuk Ijarah I year 2020 namely Sukuk Ijarah Berkelanjutan I Elnusa Tahap I Tahun 2020 with a total size amounting to IDR700 billion
  • PT Hutama Karya Infrastruktur, the subsidiary of PT Hutama Karya (Persero), in the acquisition of 51% shares of PT Petronesia Benimel
  • PT Bank Rakyat Indonesia (Persero) Tbk in the acquisition of 90% shares of PT Asuransi Bringin Sejahtera Artamakmur
  • PT Indonesia Kendaraan Terminal Tbk in its Pre-Legal Due Diligence for its restructuring plan and its Initial Public Offering (IPO) with an offering size up to 30% of its issued and paid up capital and international offering outside the United States in reliance on Regulation S (through an International wrap)
  • PT Wika Gedung Tbk in its Initial Public Offering (IPO) of up to IDR800 billion in Indonesia and international offering outside the United States in reliance on Regulation S (through an international wrap)
  • PT Wijaya Karya Beton, Tbk in its intended initial public offering in Indonesia, with an offering size up to 23,47% of its issued and paid up capital and international offering outside the United States (Hongkong, Malaysia, Singapore) in reliance on Regulation S
  • Bank Indonesia in the implementation of the Establishment of the Services Agency in the framework of the National Payment Gateway (NPG) 
  • Perum BULOG in the acquisition of sugar mill located in Central Java, Indonesia
  • Government of the Republic Indonesia in assisting the Directorate for Sharia Finance of the Directorate General for Debt Management, Ministry of Finance of the Republic of Indonesia in relation to the issuance of Indonesian Retail Sovereign Sukuk (Surat Berharga Syariah Negara) in Indonesian Rupiah with Fixed Coupon Seri SR-006 Year 2014 with Ijara Asset To Be Leased Aqad (Retail Sovereign Sukuk), with a total value aggregating up to ±IDR19 trillion comprising of 19,323,345 units with a nominal value of IDR1 million per unit
  • PT Wijaya Karya (Persero) Tbk in Indonesia in its limited shares offering (rights issue) with pre-emptive rights of up to +IDR6,1 trillion 
  • PT ANTAM (Persero) Tbk in its limited shares offering (rights issue) with Preemptive Rights of up to ±IDR5,4 trillion, which shares are also offered outside the United States (Hong Kong, Malaysia, Singapore, Europe) in reliance on Regulation S
  • PT Wijaya Karya (Persero) Tbk in its proposed perpetual notes issuance of up to IDR2 trillion
  • PT Pelabuhan Indonesia I (Persero) in the Issuance of bonds to the public by the name “Obligasi I Pelindo 1 Gerbang Nusantara Tahun 2016” with a maximum amount of IDR1 trillion consisting of four series, each having different tenures and interests
  • PT PP Properti Tbk in its bonds offering process in Indonesia of up to ±IDR600 billion
  • PT Sinar Mas Agro Resources and Technology Tbk (SMART) in its continuing bond offering in the amount of up to IDR3 trillion
  • PT Rajawali Nusantara Indonesia (Persero) in its Medium Term Notes (MTN) Issuance and Sukuk Ijarah year 2017 of up to IDR665 billion
  • PT J Resources Nusantara and its subsidiaries in relation to US$275 million Syndication Secured Facilities provided by Indonesia EximBank, PT Bank ICBC Indonesia, PT Bank Permata Tbk, PT Bank QNB Kesawan Tbk and Qatar National Bank S.A.Q
  • Rui Tong Limited in its series of financing through several issuances of Secured Exchangeable Note Purchase Agreements & a Loan from a Bank, with a value aggregating to more than US$1 billion

Languages

  • Bahasa Indonesia
  • English

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