rrusman@sarvasuksma-law.com
+62 811-8449-896
Rika is a Partner at Sarvasūkṣma. With over 15 years of experience, Rika has been involved in a large number of major M&A transactions in Indonesia, involving both private and public Indonesian companies across a broad range of industries including banking and financial institutions, infrastructure, manufacturing and consumer goods, fintech, education and healthcare and natural resources. Her clients comprise local and multinational companies, private equities, sovereign wealth funds and venture capital companies. She has been recognized as Rising Star Indonesia by ALB and Asia-Pacific Legal 500, as well as Future Legal Leader in Indonesia by Asia Business Journal.
Rika obtained her Bachelor of Laws (SH) from University of Indonesia and her post-graduate degree (LLM) from University of Melbourne (under the Australia Awards Scholarship). She is admitted as an advocate in Indonesian (PERADI).
Prior to joining Sarvasūkṣma, Rika was counsel at Witara Cakra Advocates (an affiliate firm of White and Case). Before that, she developed her career in Ginting & Reksodiputro (an affiliate firm of Allen & Overy) and Hadiputranto, Hadinoto & Partners (HHP, an affiliate firm of Baker McKenzie). She has international work experience working in Allen & Overy London office in the Corporate and Mergers & Acquisitions team and as a researcher in Environment Essentials in Melbourne, Australia
Experiences
Consumer, retail and manufacturing
- Growtheum Capital Partners in its acquisition of stake in, and strategic partnership with, PT ABC Kogen Dairy.
- The shareholders of PT Garudafood Putra Putri Jaya Tbk. on their sale of shares to Hormel Foods, a global U.S-based food manufacturing company.
- A leading building materials and household appliances supermarket in Indonesia on its pre-IPO investment by a strategic investor.
- A publicly listed cosmetics and toiletries manufacturer on its sale of significant minority existing shares to a private equity firm.
- Receivers in the bankruptcy of a global electrical components manufacturer in connection with the distressed auction sale of shares in its Indonesian subsidiary.
- Schneider Electric Industries SAS, a global leader in the digital transformation of energy management and automation, on the EUR 723 million sale of its industrial sensors business, Telemecanique Sensors, to YAGEO Corporation, a global electronic component and service provider based in Taiwan.
- A sovereign wealth fund on its investment into, and strategic partnership with a leading Indonesian paint manufacturer.
- A sovereign wealth fund on its investment into, and strategic partnership with a leading Indonesian cinema operator.
- A multinational manufacturer and plant contractor on the cross-border merger of its UK and Austrian subsidiaries, transferring assets of the merging entities subsidiaries and branches across 10 jurisdictions, including United Kingdom, Romania, Belgium, Egypt, Austria, Spain, Italy, Netherlands, Turkey and Ireland.
Financial institutions
- Bangkok Bank Public Company Limited on its US$2.3 billion acquisition of a majority shareholding in Bank Permata Tbk from Standard Chartered Bank and PT Astra International Tbk.
- Bangkok Bank Public Company Limited on its Mandatory Tender Offer over shares in Bank Permata Tbk.
- Bangkok Bank Public Company Limited, on the integration of its Indonesian branch business (Bangkok Bank Indonesia) with PT Bank Permata Tbk.
- IFC in its investment in Pasarpolis Series B fundraising.
- TPG and Northstar on its proposed sale of stake in PT BFI Finance Indonesia Tbk, one of the leading Indonesian independent consumer credit providers to Mediobanca S.p.A.
- Bank Permata Tbk on its sale of its multi-finance subsidiary, PT Astra Sedaya Finance to PT Astra International Tbk.
- An Indonesian conglomerate group on its proposed sale of insurance business and insurance brokerage business.
- A foreign insurance bidder on the proposed acquisition of majority investment in an Indonesian insurance business (aborted).
Health and education
- A private equity firm on its proposed investment in a group managing K-12 intercultural schools in Indonesia.
- A local leading pharmaceutical and medical device manufacturing and distribution group with respect to a competitive buy-side process for the purchase of a pharmaceutical wholesale and distribution business in Indonesia (aborted)
- CVC Asia Pacific Limited in its investment in SOHO Group, a local leading pharmaceutical and medical device manufacturing and distribution group.
- A leading US private equity firm on its proposed acquisition of an Indonesian hospital (aborted).
- SOHO Group on its sale of strategic stake in its ethical pharmaceutical business to, and creation of a joint venture with, Fresenius Kabi.
Telecommunication and technology
- A major social media platform in connection with its market entry to Indonesia and on its payment partnership with local payment service providers.
- A leading Indonesia online marketplace in its acquisition of shares in, and strategic cooperation with one of the largest Indonesian e-money providers.
- A leading Indonesian on-demand, multi-service tech platform on its acquisition of a leading Indonesian payment gateway company.
- A venture capital in its investment in a leading Indonesian peer-to-peer (P2P) lending and an Indonesian logistics company.
Infrastructure
- A fund management company on its proposed investment in an Indonesian port operating company.
- Metro Pacific Tollways Corp, a subsidiary of Metro Pacific Investments Corporation of the Philippines, on its acquisition of significant stake in an Indonesian public tollway operator, PT Nusantara Infrastructure Tbk.
- Thiess on its sale of stake in Cinere-Serpong, Solo-Ngawi and Ngawi-Kertosono toll roads to PT Jasamarga (Persero) Tbk and PT Waskita Karya Tbk.
- A private equity firm on its investment in an Indonesian port operating company.
*Including experiences prior to join Sarvasūkṣma