Kristo Molina is a Partner in Witara Cakra Advocates (WCA), White & Case's associated law firm in Indonesia. Kristo specializes in equity capital markets and has over 15 years of experience in representing financial institutions and corporates in IPOs, rights issues, merger & acquisition transactions and relevant regulatory matters in Indonesia. He is registered with the Indonesian Financial Services Authority as an Indonesian capital markets lawyer.
Kristo is also the Executive Partner of WCA. He is highly regarded by IFLR1000, and has been recognized as a leading lawyer in Chambers Asia-Pacific and Asia-Pacific Legal 500.
Kristo's experience includes advising:
Indonesian IPO of Avian
PT Avia Avian Tbk (Avian) and certain selling shareholders, in the IPO of Avian on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately IDR10.951 billion (US$771 million). Avian is the market leader in the decorative paint and coating industry in Indonesia.
Indonesian IPO of PT Bukalapak.com Tbk
The underwriters in the IPO of PT Bukalapak.com Tbk on the IDX, which includes a Rule 144A/Regulation S offshore tranche. The transaction raised approximately US$1.5 billion and represents the biggest IPO in the country's stock exchange history and attracted the biggest interest among all of the country's listings, according to the IDX. Bukalapak is a leading Indonesian e-commerce company and the first Indonesian unicorn technology startup company listed on the IDX.
Indonesian IPO of PT Cemindo Gemilang Tbk
PT Cemindo Gemilang Tbk, a leading Indonesian cement company, in its IDR1.168 trillion (US$82.7 million) Indonesian domestic IPO on the IDX. The deal is the biggest IPO in the Indonesian cement sector in terms of size of the IPO.
Rights offering by PT Bank Rakyat Indonesia (Persero) Tbk
Citigroup Global Markets Limited and Credit Suisse (Singapore) Limited as International Joint Global Coordinators and PT BRI Danareksa Sekuritas and PT Mandiri Sekuritas as the Domestic Joint Global Coordinators on the approximately IDR95.92 trillion (USD 6.7 billion) rights issue by PT Bank Rakyat Indonesia (Persero) Tbk. ("BRI"), an Indonesian State-owned Enterprise ("SOE"). The rights issue was the biggest transaction of this type in Southeast Asia, according to the IDX.
Indonesian IPO of PT Archi Indonesia Tbk
The underwriters in the IDR2.79 trillion (approx. US$194 million) IPO of PT Archi Indonesia Tbk, an Indonesian gold mining company, including a Rule 144A/Regulation S offshore tranche. It is the first IPO with an international tranche to be conducted using the new e-book build system on the IDX platform.
Indonesian IPO of PT Soho Global Health Tbk
Anchor investors in connection with IPO of 114,380,700 shares in PT Soho Global Health Tbk, a renowned pharmaceutical distributor, on IDX.
Indonesian IPO of PT Diamond Food Indonesia
PT Diamond Food Indonesia Tbk ("PT DFI") as the issuer in the IPO of 50,000,000 shares and issuance of new shares in the framework of conversion of the Convertible Bonds owned by Anderson Investments Pte. Ltd in the amount of 1,151,389,400 ordinary shares, and its listing on the IDX.
Indonesian IPO of PT Garudafood Putra Putri Jaya Tbk
PT Garudafood Putra Putri Jaya Tbk, an Indonesian leading food manufacturing company which produces various consumer goods, on its domestic IPO of 762,841,290 shares on the IDX.
LMIRT Capital's Regulation S senior notes offering
The Joint Lead Managers in LMIRT Capital Pte. Ltd.'s Regulation S offering of US$250 million 7.25% Senior Guaranteed Notes due 2024. LMIRT Capital Pte. Ltd. is a subsidiary of Lippo Malls Indonesia Retail Trust ("LMIRT"). The Notes are guaranteed by Perpetual (Asia) Limited, as the trustee of LMIRT.
Indonesian IPO of PT Medikaloka Hermina Tbk
Citigroup Global Markets Limited, Credit Suisse (Singapore) Limited, DBS Bank Ltd. and PT Mandiri Sekuritas as the Joint Global Coordinators in a IDR1.3 trillion Regulation S IPO of PT Medikaloka Hermina Tbk, a leading Indonesian hospital operator, for its shares to be on the IDX.
Secondary offering of shares in PT MAP Aktif Adiperkasa Tbk
The Joint Global Coordinators and Joint Bookrunners in the secondary offering of 648,508,000 ordinary shares in PT MAP Aktif Adiperkasa Tbk, a company listed in the IDX, with an offer price of IDR6,500 per share (total offering size of IDR4.15 trillion or approximately US$291 million), by a selling shareholder.
Senior notes offering by PT Sawit Sumbermas Sarana Tbk
BNP Paribas, Citigroup Global Markets Singapore Pte. Ltd. and CIMB Bank (L) Limited, as domestic counsel to the Initial Purchasers, in connection with a Regulation S offering of US$300 million 7.750% Senior Notes due 2023 by a wholly owned subsidiary of PT Sawit Sumbermas Sarana Tbk, an Indonesian oil palm plantation company listed on the IDX.
High Yield offering guaranteed by PT Medco Energi Internasional Tbk
Advising the Initial Purchasers in:
- The issuance of by Medco Bell Pte. Ltd. of US$400 million aggregate principal amount of 6.950% Senior Notes due 2028 guaranteed by PT Medco Energi Internasional Tbk as Parent Guarantor and the Indonesian Subsidiary Guarantors.
- US$650 million 6.375% Senior Notes offering by guaranteed by Medco Bell Pte. Ltd. and guaranteed by PT Medco Energi Internasional Tbk.
- US$650 million 7.375% Regulation S high yield bond offering by Medco Oak Tree Pte. Ltd (as issuer) and guaranteed by PT Medco Energi Internasional Tbk and its various subsidiaries.
- US$500 million 6.75% Reg.S high yield bond offering by Medco Platinum Road Pte. Ltd. guaranteed by PT Medco Energi Internasional Tbk and various of its subsidiaries.
- US$400 million Rule 144A high yield bond offering by Medco Strait Services Pte. Ltd. guaranteed by PT Medco Energi Internasional Tbk and various of its subsidiaries.
Band 2: Capital Markets – Indonesia, Chambers Asia-Pacific 2022
Leading Individual: Capital Markets – Indonesia, Legal 500 Asia-Pacific 2022
Highly Regarded: Capital Markets and M&A – Indonesia, IFLR1000 2021