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Background

Geoff Simms, the CEO and Founder of AJCapital, has over 30 years of experience within finance, restructuring and strategy in Asia Pacific. Geoff has covered extensively banking and finance, telecom, petrochemical, property and resource sectors.

Experience

Geoff has been active in debt and corporate restructurings in Indonesia, managing numerous court supervised processes (“PKPU”) as well voluntary out of court processes. Such work included PT Trans Pacific Petrochemical Indotama, PT Bumi Resources Tbk and PT Ciputra Developments Tbk. He advised the Indonesian Debt Restructuring Agency on the disposal of NPL portfolios, and has conducted a number forensic assignments.

Geoff has been involved with:

• Advising on over USD 4 billion in debt and corporate restructurings in the petrochemical sector in Indonesia
• Advising on over USD 11 billion in PKPU debt restructuring proceedings in Indonesia
• Advising on over USD 9 billion in M&A transactions in Indonesia including Lead Partner advising PT Pertamina (Persero) on M&A transactions in the gas and petrochemical sector
• Development and project management of a roll up strategy in the telecommunications tower sector funded by a major international PE fund
• Advising on first US SEC registered and NASDAQ listed Indonesian public company
• Numerous domestic and overseas bond issuances including some of the first Yankee and SEC registered transactions out of Indonesia

Qualifications and Memberships

• B.Comm University of British Columbia
• MBA issued jointly by Kellogg School of Management, Northwestern University and the Hong Kong University of Science and Technology
• Chartered Professional Accountant, Canada
• Chartered Financial Analyst
• Fellow INSOL International
• Founding Board Member of the Indonesian CFA Society

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Background

Fransiscus Alip, a Partner and Co-Founder of AJCapital Advisory, main focus is on cross border transactions, corporate and debt restructurings and fund raisings with diverse multi-cultural stakeholders. He is often brought into situations to liaise, manage and resolve issues between locals and foreigners.

Experience

Alip has over 20 years of experience within the finance, strategy and audit assurance area in Indonesia, Australia and Asia Pacific. He was with EY for 9 years in the audit assurance sector including 4 years in EY Sydney office. Industrial sectors Alip has covered include oil and gas, telecoms, media and technology, petrochemicals, consumers and resources.

Alip has been involved with:

• Advising on over USD 10 billion in PKPU debt restructuring proceedings in the telecoms, petrochemicals, tea plantation, and resources sector, including Co-Lead Partner advising BOD of PT Trans Pacific Petrochemical Indotama on the restructuring of over USD 2 billion in debt
• Appointed as independent financial advisor in the Jakarta Commercial Court on few PKPU debt restructuring proceedings
• Appointed as Monitoring Accountant by bank creditors upon completion of debt restructuring projects
• Advising on over USD 200 million in fund raising projects
• Lead Partner transaction support in connection with the acquisition by a London (UK) listed company of the largest operating coal mines in Indonesia with a total acquisition of value USD 3 billion. Services provided included valuation of derivative instruments, adoption of International Financial Reporting Standards (IFRS), premium listing (FTSE 100) support, project management, problem solving and liaison with London and Jakarta based international accounting firms
• Advising the largest telecommunication company in Indonesia on the acquisition of businesses in information, media, edutainment and service sectors with a total value of USD 100 million
• Numerous audit assurance projects in Indonesia and Australia including PT Pertamina (Persero), Coca-Cola, ConocoPhilips, and Hewlett-Packard

Qualifications and Memberships

• MBA issued jointly by Kellogg School of Management, Northwestern University and the Hong Kong University of Science and Technology
• Bachelor of Economics majoring in Accounting – Trisakti University, Indonesia
• Chartered Accountant, Australia
• Audit Committee of Public Listed Companies in Indonesia
• Independent Commissioner of a Public Listed Company in Indonesia

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Background

Mr. Natalegawa is a Senior Banker with extensive experience in origination, debt/equity capital market and M&A. He has extensive experiences in the intricacies of start-ups, new business initiatives and troubleshooting where he has proven his leadership in organization, risk management, process execution, as well as developing and motivating teams to achieve the right objectives.

He also has broad contacts in private and government sectors, and in investment and commercial banking communities (both local and abroad).

Experience

Mr. Natalegawa has proven expertise in corporate finance and financial advisory both in state-owned enterprises, and private corporate sector for over 20 years.

His experience includes:

• Acquisition of three major coal contracts of works (CCOW) companies and two Kuasa Pertambangan(KP) over the course of 2010 to 2012, and the establishment of a new franchise
• As Managing Director at Framework Capital Solutions, a boutique financial advisory firm based in Singapore, undertook fund raising and loan work exercises on Indonesian corporates
• As Managing Director at Lehman Brother’s Principal investment and Special Situation group covering Asia, successfully closed new equity/quasi equity investment instrument and loans including high yield with major Indonesian corporates. Some of the exercises involved loan take out and restructuring
• Established Renaissance Capital Asia and the management of this boutique financial advisory firm which were mandated and successfully executed various major advisory (fund raising, asset disposal, distress debt, and loan workout) transactions in Indonesia
• As President Director at Deloitte & Touche Financial Advisory Services, mandated and worked on advisory work including asset sales and sell-side advisory (including the largest listed private bank in Indonesia), and various major loan workout transactions
• In Kiani Wirudha, providing the leadership that led to the successful consolidation of 30 companies under a single holding company, and the coordination for the spin off/sell down activities involving these companies
• While at Citicorp Hong Kong, successfully arranged three major fund raising transactions including one major project financing transaction for Indonesian state-owned oil company



Qualifications

• Bachelor degree in Economics from Queen Mary College, London University, UK
• Master of Philosophy and Doctor of Philosophy degree in Economics from Jesus College, Oxford University, UK
• Vice Chairman of the Indonesian Chambers of Commerce (KADIN)
• Ex-officio Vice Chairman of the Indonesian, British and Western European Committee Chamber of Commerce (KADIN for UK and Western Europe)
• Member of Indonesian Economist Association (ISEI), Banking and Capital Market Division

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Background

Susana has been involved in various debt restructuring, distressed debt due diligence, M&A, and complex valuation engagements. Prior to joining AJCapital, she worked at Citibank where she supported senior retail & SME relationship managers in building, managing, and maintaining professional relationship with clients.

Experience

Her experience includes:

• Assisted the largest state-owned oil & gas company on the sale of its subsidiary with a potential transaction value of USD 1.5-3 billion.
• Advised the acquisition process of one of four private switching/payment gateway companies as a sell-side advisor.
• Due diligence work on a distressed debt portfolio of a local bank amounted to face value of IDR 2 trillion with objective to determine an appropriate bid price.
• Assisted the rights issue registration process of one of the largest listed coal mining companies in Indonesia, as part of the implementation of its restructuring agreement.
• Delivered a complex valuation work for a contingent claim instrument, which is triggered by average future commodity price.
• Advised in the ongoing restructuring of the largest Indonesian offshore drilling company on their syndicated and bilateral bank loan with duty care to the lenders. Assignments involved due diligence, financial modeling and restructuring options development.

Qualifications

• Bachelor’s Degree in Finance from Universitas Pelita Harapan, Indonesia
• Passed CFA Level II in 2018.

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Background

Ivan is a Manager with experience in debt & equity capital market and M&A. Ivan has experiences in managing debt issuance and fund raising through domestic and international offering transactions, as well as financial advisory related transactions.

Experience

Ivan has over 4 years experience in financial industry in Indonesia. Prior to joining AJCapital Advisory, he was with RHB Investment Bank and actively involved in conducting debt, domestic and international offering transactions, also providing advice for Pre-IPO advisory, mergers & acquisitions transactions, restructuring and fund-raising deals for various industries, including but not limited to manufacturing, telecoms, property and multi finance.

His experience includes:

• Managed and involved in Initial Public Offering for Indonesian companies with total fund raise of IDR1.4 trillion.
• Managed and involved in bonds issuance of banking and multi-finance companies with total bonds issued of IDR8.4 trillion.
• Managed and involved in rights issuance of leisure and banking companies with total issuance of IDR 1,6 trillion.
• Advising on Pre-IPO, M&A and fund raising projects for companies in Indonesia.

Qualifications

• Bachelor degree in Economics from Tarumanagara University, Indonesia

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Background

Mitchel is a corporate finance professional with 10 years’ experience in multiple sides of the profession. Starting off as a sell-side research analyst, he then transitioned to corporate roles before settling into debt restructuring and turn around advisory. He has been involved in various debt restructuring, due diligence, M&A, and complex structuring / negotiation engagements.

Experience

His experience includes, among others, the following assignments:

• Advising an Indonesia based property developer on its debt restructuring through a PKPU proceeding with a debt value of USD 770 million
• Advising the Noteholders of an Indonesia based property developer through a Singapore process with a debt value of USD 400 million
• Advising an Indonesia based specialty retailer on its debt restructuring through a PKPU proceeding with a debt value of USD 50 million
• Advising on the reliability of a financial model underlying a proposed restructuring plan for a Singapore based manufacturing company with a debt value of USD 35 million
• Advising on a potential sale of a private Indonesian company worth an estimated USD 300 – 600 million
• Establishing a real estate development company with a 50ha landbank in Bandung
• Establishing two joint ventures and assisting in the establishment two partnerships on behalf of a listed Indonesian company

Qualifications and Memberships

• MBA, International University of Japan
• BA (Hons) in International Business Management, Oxford Brookes University
• Certificate in Negotiation Mastery, Harvard Business School Online
• Wakil Manajer Investasi

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Background

Rachmad is experienced in financial and operational management on top of which he is building his debt and operational restructuring and turnaround management skills and expertise. Prior to joining AJCapital, he was head of accounting and finance with smart-card manufacturing company.

Experience

His experience includes:

• Advising on multiple Indonesian PKPU cases across various industries.
• Advising on voluntary restructurings in the manufacturing sector in Indonesia.
• Advising on corporate turn-around strategy and cash management issues.
• Advised and managed various post-restructuring implementation governance mechanics.

Qualifications

• Bachelor of Economics majoring in Accounting – Perbanas Institute, Indonesia

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Background

Rachmad is experienced in financial and operational management on top of which he is building his debt and operational restructuring and turnaround management skills and expertise. Prior to joining AJCapital, he was head of accounting and finance with smart-card manufacturing company.

Experience

His experience includes:

• Advising on multiple Indonesian PKPU cases across various industries.
• Advising on voluntary restructurings in the manufacturing sector in Indonesia.
• Advising on corporate turn-around strategy and cash management issues.
• Advised and managed various post-restructuring implementation governance mechanics.

Qualifications

• Bachelor of Economics majoring in Accounting – Perbanas Institute, Indonesia

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Background

Zara is a manager based in Singapore and her experience includes business recovery, contentious insolvency, turnaround and corporate restructuring solutions, relating to a wide range of industries including retail, food and beverage, investment funds, telecommunication, shipping across the region.

Zara’s outcome-driven approach, coupled with her ability to build rapport with a wide range of stakeholders goes a long way towards achieving successful results for clients. She also recognises the importance of maintaining trust with parties affected by business failure and understands how dealing with distressed situations requires a different mindset. Her track record of implementing pragmatic responses to complex problems across multiple geographies, cultures and legal jurisdictions attests to Zara’s commercial mindset and client focus.

Experience

Zara’s notable assignments include turnaround management and advisory for the acquirer of the business and assets of a global food and beverage organisation headquartered out of the UK, financial investigations including assets tracing, investigating misfeasance, antecedent transactions and breach of director duties relating to a cross-border private jet company and the first successful case for third-party commercial litigation funding in an insolvency before the Singapore Courts.

During her career, Zara has been involved in a number of contentious liquidation appointments which allows her to develop an ability to work efficiently with legal counsel to generate maximum value for her clients under time pressure. She also has experience in creditor management including structuring of repayment plans as well as other specialised areas within distressed advisory including financial statement review, stakeholder management, cash monitoring.

Zara speaks both English and Mandarin

Qualifications

• Bachelor of Economics – University of Queensland, Australia
• Bachelor of Commerce (Major in Finance) – James Cook University
• Mensa, Singapore
• CFA Level II

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Background

Joffrey is a Manager in our Singapore office with over 10 years of post-qualification experience in providing Corporate Restructuring Services, Litigation Support Services and Forensic Investigation Services, specializing in evidence collection, build and troubleshoots database, and preparing Expert Witness report/Affidavit for Court throughout the South East Asia region (Singapore & Malaysia), Caribbean (Bermuda region) and globally. His experience includes restructuring and insolvency projects comprise of multinational conglomerate company, segregated account company and insurance and reinsurance companies.

Experiences

Joffrey has been acted as team leader on a variety of restructuring, insolvency, forensic investigation and litigation support projects. He has experiences in obtaining Chapter 15 recognition in US courts, applying for US OFAC license for sanctioned entity and obtaining recognition in UK under S426 in the UK Insolvency Act 1986. Selected projects in connection with insolvency/ restructuring and forensic engagements:

• Assisting Liquidators on a captive of a National Oil and Gas company in compulsory liquidation.
• Assisting Liquidators on various reinsurance and insurance companies in compulsory liquidation.
• Assisting Liquidators on various segregated account companies in compulsory liquidation.
• Assisting Liquidators on various property investment holding companies in voluntary liquidation.
• Assisting Liquidators on a HKEX listed company in compulsory liquidation.
• Assisting Independent Expert appointed by Plaintiff, in connection with a suit to provide expert evidence for the plaintiffs’ claim for account for profits made and / or benefits received by Defendant, as a result of an act or conduct contrary to obligation under the undated Trust Deed entered between the Plaintiffs and Defendants.
• Assisting Independent Expert appointed by Respondent, for a commercial litigation held under the Singapore International Arbitration Centre (SIAC), to provide expert evidence for a dispute arising from the Share Sales and Purchases Agreement (SSPA) entered between the Claimant and the Respondent, where the parties to the SSPA are in the Oil and Gas Industry.
• Assisting Court Expert, to provide expert evidence and assisting the Court in considering the need for modification to the Scheme of Arrangement concerning the distribution of assets in specie.
• Assisting Independent Expert appointed by Defendant to provide expert evidence for the plaintiffs’ claim for account for profits made and/ or benefits received by Defendant, as a result of misappropriation of funds.
• Assisting Independent Expert appointed by Defendant (Big 4 Accounting Firm) in a commercial litigation concerning the allegation of professional negligence to perform damage assessment on the negligence.

Qualifications

• Member, Association of Chartered Certified Accountant (ACCA)
• Chartered Accountant, Singapore
• Member, INSOL
• Bachelor in Commerce (Financial Accounting)