Indonesia: M&A/Private Equity

Cross-border M&A transactions often face execution challenges when global assumptions meet local regulatory realities, particularly in jurisdictions where approval processes involve iterative engagement rather than linear reviews. Using Indonesia's financial sector as a case study, this analysis examines how regulatory dynamics—especially the fit and proper assessment process—can extend transaction timelines beyond initial expectations and what strategies can improve execution certainty.

As mandated under Law Number 4 of 2023 on Development and Strengthening of the Financial Sector ("P2SK Law") the insurance industry, the Government requires, among others; minimum capital, sharia industry spin-offs.

This is a continuation of our previous Tech Deals series (Tech Deals Vol. 1, Vol. 2, Vol. 3, and Vol. 4), as we provide herein, the recent tech deals completed in the period between 1 April and 15 July 2022...