Ratih (Ipop) Nawangsari

Counsel

Ratih Nawangsari (or Ipop) is a counsel in O'Melveny's Singapore office and a member of the Firm's Transactions Department. She also acts as consultant to O'Melveny's associated firm in Jakarta, Tumbuan & Partners.

Ipop specializes in general corporate, finance, projects and oil and gas/natural resources work in Indonesia. She also has broad experience in assignments relating to foreign investments, financing, mergers and acquisitions, the power sector, natural resources and capital market in Indonesia. Prior to joining the firm, she was a foreign legal consultant with Latham & Watkins LLP in Singapore, and before that a senior associate with Hadiputranto, Hadinoto & Partners, one of the major Indonesian law firms in Jakarta.

Ipop is admitted to practice in Indonesia. She has been in practice since 1996, during which she has advised clients from various industries in numerous types of multinational transactions.

Illustrative Professional Experience

• Representation of an ad-hoc committee of bondholders regarding the restructuring of US$238 million in high yield bonds issued by PT Davomas Abadi Tbk. 
• Representation of a strategic investor in a structured investment into a listed Indonesian telecom company. 
• Advising a Japanese listed company on a structured investment into an Indonesian coal concession. 
• Advising the Senior Mezzanine noteholders on the restructuring of the US$525 million indebtedness of a major Indonesian offshore platform company. 
• Representation of a major Chinese company in a proposed investment in an Indonesian agribusiness company.
• Representation of senior creditors in relation to the US$360 million and IDR1.18 trillion financing of PT Professional Telekomunikasi Indonesia.
• Representation of creditors in relation to the financing of a major power project in East Java, Indonesia.
• Representation of Pertamina as a senior secured lender in a re-financing deal for Java Energy by United Overseas Bank in relation to the expansion of aromatic plant production of PT Trans Pacific Petrochemical Indotama (TPPI).
• Representation of the underwriters in connection with the US$400 million high-yield bond offering by Adaro Finance B.V. The bond offering was made concurrently with a US$200 million senior credit facility borrowed by Adaro Finance B.V., with P.T. Adaro Indonesia and P.T. Indonesia Bulk Terminal as guarantors. This deal was named ‘Best Non-Investment Grade Bond Deal 2005’ by FinanceAsia and ‘Southeast Asia Deal of the Year 2005’ by Asian Legal Business.
• Representation of Jefferies International Limited, as placement agent, in connection with a private placement of US$90 million in ordinary shares of Agri International Resources Pte. Ltd. and US$150 million of 10.875% senior secured notes due 2012 by AI Finance B.V., a subsidiary of Agri International Resources Pte. Ltd.
• Representation of the issuer, Indo Integrated Energy B.V., (a Dutch SPV) in connection with the US$250 million 8.5% senior notes due 2012, guaranteed by the Indonesian parent company (PT Indika Inti Energi), and subsequent public offering of shares of PT Indika Energy Tbk.
• Representation of Clarity China Partners, L.P, in relation to an acquisition of interest in a Singapore based company with major mining asset in Indonesia.
• Representation of US private equity firm Indigo Partners in connection with its acquisition of a 49% stake in Mandala Airlines. This is the first foreign acquisition of an Indonesian airline.
• Representation of JPower and Keppel consortium in connection with the acquisition of Powergen’s interest in PT Jawa Power (an Indonesian power company) and PT Powergen Jawa Timur (an Indonesian power support service company).
• Representation of Astra International in connection with the proposed acquisition of interest in a first generation coal contract of work company.
• Representation of Genting Sanyen on the acquisition of interests held by El Paso in PT Energi Sengkang (an Indonesian power company) and Energi Equity Sengkang (a gas operation project company in Indonesia).
• Representation of SUEK (Russian Coal Company) in relation to its proposed mining activities in Indonesia.
• Representation of CNOOC in connection with a gas sales agreement with PT PLN.
• Representation of Pertamina (the Indonesian state-owned oil and gas company) in connection with the signing of the oil and gas upstream cooperation contract and upstream corporate restructuring in accordance with the New Oil and Gas Law.
• Representation of Shell Oil and Gas Company in connection with its proposed oil and gas downstream activities in Indonesia.
• Representation of Southern Arc Minerals Inc. in connection with its proposed acquisition of mining interests under an existing contract of work and mining authority (kuasa pertambangan).

Professional Activities

Member, Indonesian Legal Counsel Association (Ikatan Penasehat Hukum Indonesia – IPHI) and the Association of the Indonesian Advocate (Perhimpunan Advokat Indonesia - PERADI)
Languages, Bahasa Indonesia; English and French (conversational)