Freshfields advises on Astra International’s US$150m acquisition of stake in Indonesian technology platform GO-JEKFreshfields Bruckhaus Deringer (‘Freshfields’) has advised Indonesian conglomerate PT Astra International Tbk (‘Astra International’) on the acquisition of a US$150m stake in Indonesian technology platform GO-JEK Group (’GO-JEK’). The deal signed on 12 February 2018.
Astra International has more than 200,000 employees and owns over 200 subsidiaries in a wide range of industry sectors from automotive to financial services. GO-JEK is a leading Indonesian multi-platform technology group, providing a wide range of services from transportation and payments to food delivery, logistics and other on-demand services. Its well-known GO-JEK app provides motorbike delivery and ride-sharing services.
The Freshfields team advising on the deal was led by partner and global co-head of M&A Rob Ashworth and Global Transactions counsel Nigel Gleeson.
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About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most. The firm's market-leading technology practice saw it advise on more high-value technology deals in Europe as ranked by deal value in 2017 than any other firm(1).
(1) This ranking comes from Mergermarket’s Tech League Table LTM Europe [15 December 2016 – 15 December 2017]