Our Leadership

Tutup

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
• Currently pursuing Doctorate of Business Administration at Hong Kong University of Science and Technology, with research topic on Regional Insolvency Regimes and Their Relative Dynamics from the Perspectives of Institutional and Resource Dependency Theory

Tutup

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

Tutup

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

Tutup

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 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.
• Advised the end-to-end cross-border restructuring process of Indonesia’s leading garment manufacturing with total debt of USD 379mn.
• Advised the PKPU of one of private property company with total debt of IDR 2.5tn.
• Advised in the restructuring of an SOE’s property subsidiary company.
• Advised in the restructuring and stakeholder management of an e-commerce logistic company.

Qualifications

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

Tutup

Background

Ellianti is a finance professional specializing in restructuring and corporate advisory, with experience in court supervised debt restructurings, cross border transactions, and stakeholder management. Her background also includes project and acquisition financing, and fundraising, supported by strong financial modelling and analytical capabilities

Experience

Her experience includes:

• Court supervised debt restructuring of an over USD 879mn in debt, including PKPU of PT Delta Merlin Dunia Propertindo (property arm of Duniatex Group) and PT Adhi Persada Properti (subsidiary of PT Adhi Karya Tbk.), and Singapore Scheme and PKPU of PT Pan Brothers Tbk.
• Assisted in the development of an independent expert opinion on the value of a portfolio of loans and all the associated collaterals for a proceeding in England and Wales Commercial Court.
• Acting as the sell-side advisor of a natural ingredients company seeking an investor to help funding its business expansion
• Assisting a property developer company based in Malaysia on the fund raising of its new project in Indonesia from commercial banks and/or equity investors.
• Engaged as part of the Chief Restructuring Officer (CRO) team of an integrated West Kalimantan group operating in feed manufacturing, poultry, and swine industry on its post-restructuring implementation.

Qualifications

• Bachelor’s Degree in Finance and Banking from Universitas Prasetiya Mulya, Indonesia
• She has passed the 1st level of CFA program.

Tutup

Background

Heru has over 10 years of experience in finance, restructuring, strategy, and turnaround in Indonesia, with involvement across multiple industries including manufacturing, textiles, property, petrochemicals, mining, aviation, oil and gas, agribusiness, and logistics. He has extensive experience in portfolio management, debt restructuring, and corporate financial advisory, having actively contributed to various strategic assignments across sectors.

Experience

His experience includes:

• Advisor on debt restructuring through PKPU (debtor side) in the poultry and feed sector with total debt of IDR 3.2 trillion.
• Advisor on debt restructuring through PKPU (debtor side) in the coal mining sector with total debt of up to USD 7 billion.
• Advisor on debt restructuring through PKPU (debtor side) for a tea manufacturing company with total debt of USD 107 million.
• Advisor on debt restructuring in the aromatic petrochemical sector through PKPU with total debt of USD 1.9 billion.
• Advisor on post-PKPU implementation for an aromatic petrochemical company with a restructuring value of USD 1.9 billion.
• Advisor on debt restructuring in the aviation sector through PKPU with total debt of IDR 2.5 trillion.
• Advisor on debt restructuring in the property sector through PKPU (debtor side) with total debt of IDR 11 trillion.
• Advisor on cross-border debt restructuring in the textile sector through PKPU, Singapore Moratorium, and US Chapter 15, with total debt of IDR 22 trillion (debtor side).
• Involved in merger and acquisition (M&A) transactions in the oil and gas sector, with potential transaction value of USD 1.5–3 billion.
• Supported a coal mining company rights issue as part of implementing a restructuring agreement, with a transaction value of USD 2.6 billion.

Qualifications

• Bachelor’s degree in Environmental Engineering from Institut Teknologi Bandung, Indonesia.
• Master’s degree in Financial Management from Universitas Indonesia.
• Master’s degree in Law from Universitas Prasetiya Mulya, Indonesia.