Capital Market

Striving for optimal structure to best meet our client's financing needs
Capital Market members
Crowe Capital Market Members

Capital Market

Access to capital for business expansion and operation is very crucial to a company’s ability to meet its short and long-term objectives. Aside from simple bank financing, capital is raised through many alternatives involving capital market.

In current economic situation, many transactions and corporate actions need to be conducted in a highly complex business and legal environment and thus must be carefully planned and executed with great attention to the needs and concerns of various shareholders. Proper preparation and due diligence — in both planning, structuring of the deal and the related executions — are therefore crucial to success. 

Crowe Indonesia Capital Market and Advisory Deal (CICMAD) was established to serve clients’ needs in raising capital in the domestic and global markets and assisting them to execute deals.

CICMAD provides a wide range of innovative capital markets and advisory deal services. Augmented by a strong people with extensive experience in Indonesia capital market and broad network, we are among the leading capital market advisory houses in Indonesia.

CICMAD comprises a core team of senior capital market specialists who provide services to companies in connection with all aspects of fund raising and advisory deals. At CICMAD, our capital market specialists leverage deep expertise of both the Indonesian and global market and regulatory process to help clients effectively and efficiently address the new challenges of the current economic and financial environment.
 

Capital Market Services

We provide clients with recommendations, inputs and other financial advisory services to both public and non-public companies in connection with any capital market issues: advisory on fund raising plan in capital market (both equity & fixed income), advisory on capital market protocols & issues, etc (including but limited to strategy, proposed the right instrument type and its structure, assistance in its process & timetable (implementing the deal), capital market condition, and other factors to support the client’s goal in capital market. 

The capital markets advisory service provides expertise on capital structure, capital formation and capital raising. We help tailor financing strategies to clients’ unique situations.

Advisory for Listed Companies:

Equity

  • Initial Public Offerings
  • Follow-ons:
  • Secondary Public Offering
  • Accelerated Bookbuild
  • Private Placement
  • Block Sale
  • Rights Offerings
  • Tender Offer
  • Share repurchases (buy back)
  • Strategic Sales 
  • ESA / MESOP
  • Dual-track processes, etc

 

Debt Financing

  • Domestic Bond
  • Global Bond
  • Global MTN
  • Medium Term Notes
  • Convertibles, etc

 

Other Capital Market

  • Go Private
  • Delisting, etc

 

Non-Listed Companies

  • Pre-IPO advisory
  • M&A through capital market
  • Back door listing
  • Dual-track processes, etc

 

Corporate Finance

Services in providing clients with advises, recommendations, inputs and other financial advisory services to both public and non-public companies in relationship with non-capital market issues, in connection with executing the deals, including:
Restructuring
Project Finance

Merger & Acquisition

Our service offering includes M&A advice for buy and sell sides, fundraising and placements, joint ventures and other strategic partnerships. We also provide full due diligence for our clients.
M&A execution advisory
Business combination exercise
Other M&A related services

Funding Arrangement (Debt and Equity)

We arrange fund raising for Equity & Debt Financing through Banking & Private Placement including i.e: Banking, RDPT, DIRE, MTN, etc.

 

Notable Experiences

Professionals in CICMAD have been actively involved in numerous key landmark public and private market transactions in Indonesia for both State Owned Companies as well as National Private Companies, with extensive experience in advising companies and Government in IPOs, secondary offerings and placement, privatization, debt instrument issuance including bonds, sale to strategic partner, mergers and acquisitions, restructuring.

Capital Market Insights

Guide to Going Public

A Guide to Going Public

Before you make the decision, be sure you know what’s involved in going public – as well as the reasons for and against doing so.
Unlocking Synergistic Benefits from M&A Transactions

'Synergistic Benefits' from M&A Transactions

After the global financial crisis, many strategic and financial investors have had to rethink their approach to M&A.
Navigating the Risks of the Contemporary M&A Market Results of a 2016 Crowe Horwath LLP and FERF Survey

Navigating the Risks of Contemporary M&A Market

Results of a 2016 Crowe Horwath LLP and FERF Survey
Four Lessons Learned from M&A

Four Lessons Learned From M&A

Bank mergers and acquisitions are complicated and can affect capital and earnings post-transaction.
Navigating the Maze of Acquiring Failed Banks

Navigating the Maze of Acquiring Failed Banks

Even for institutions that are serial acquirers, the rules of engagement are difficult to follow and seem to change with each new deal.
SPOTTING DEAL KILLERS Eight Early Warning Signs of Trouble for Strategic Acquisition

Early Warning Signs of Trouble for Acquisition

About half of all strategic mergers and acquisitions (M&A) actually destroy value. Could these failures have been detected early on and potentially avoided?
Measuring Value in Bank M&As

Measuring Value in Bank M&As

Don’t Be Misled by Simple Metrics
Safeguarding Top Talent Is Key for Making Mergers Succeed

Key for Making Mergers Succeed

While there is no denying the positives of a merger and acquisition (M&A), a common downside is that change can disengage and drain your talent pool if not managed correctly.
Improve M&A Success

Improve M&A Success

Improve M&A Success With Effective Employee Communications
How Commodity Volatility Affects Diligence in Food Deals

Mergers & Acquisitions Magazine

How Commodity Volatility Affects Diligence in Food Deals
How to Handle Loan Portfolio Valuation and Avoid Trouble Later

How to Handle Loan Portfolio Valuation

...and Avoid Trouble Later
The Purchase Price Allocation Analyze Early to Avoid Future Earnings Surprises

The Purchase Price Allocation

Analyze Early to Avoid Future Earnings Surprises
Global M&A - Five Factors Midmarket Companies Must Consider Before Making an International Deal

Five Factors Midmarket Companies Must Consider

...before Making an International Deal
"Critical Pillars for M&A Success" Survey

"Critical Pillars for M&A Success" Survey

Despite the economic recovery and improving availability of capital, the failure rate of mergers and acquisitions (M&A) continues to be well-documented.
Navigating the Key Phases of the M&A Value Chain

Navigating the Key Phases of the M&A Value Chain

It's essential for companies to have a process that helps them navigate each step of the M&A transaction value chain, from initial strategy to post-close optimization.
Steering Successful Growth: Value Capture in M&A

Steering Successful Growth: Value Capture in M&A

The past year has seen a huge resurgence in deal-making activity around the globe.
Understanding M&A Accounting: What to Watch For

Understanding M&A Accounting: What to Watch For

One of the worst things for an acquirer to find out after the fact is that the target wasn’t worth what the acquirer thought it was.
Don't Sell Your Business in the Dark - Crowe Sell-Side Due Diligence Services

Don't Sell Your Business in the Dark

Crowe Sell-Side Due Diligence Services
Sell-Side Due Diligence: Maximizing Value in the Sale Process

Sell-Side Due Diligence

Maximizing Value in the Sale Process
Not So Fast: Due Diligence for Quick-Service Restaurant Operations

Due Diligence for Quick-Service Restaurant Ops

The continuing merger and acquisition (M&A) activity in the middle market stems in part from private equity groups and strategic investors targeting larger quickservice restaurant ...
Three Major Hurdles in Financial Due Diligence for Computer Software Companies

Three Major Hurdles in Financial Due Diligence...

for Computer Software Companies
Countdown to Day One Closing the Gap Between Due Diligence and Acquisition Integration

Countdown to Day One

Closing the Gap Between Due Diligence and Acquisition Integration
Crowe Valuation Services

What Is It Worth?

Crowe Valuation Services
Fair Value Measurements and Reporting Presentation

Fair Value Measurements and Reporting Presentation

Fair Value Measurements and Reporting for 2014
Guide to Going Public

A Guide to Going Public

Before you make the decision, be sure you know what’s involved in going public – as well as the reasons for and against doing so.
Unlocking Synergistic Benefits from M&A Transactions

'Synergistic Benefits' from M&A Transactions

After the global financial crisis, many strategic and financial investors have had to rethink their approach to M&A.
Navigating the Risks of the Contemporary M&A Market Results of a 2016 Crowe Horwath LLP and FERF Survey

Navigating the Risks of Contemporary M&A Market

Results of a 2016 Crowe Horwath LLP and FERF Survey
Four Lessons Learned from M&A

Four Lessons Learned From M&A

Bank mergers and acquisitions are complicated and can affect capital and earnings post-transaction.
Navigating the Maze of Acquiring Failed Banks

Navigating the Maze of Acquiring Failed Banks

Even for institutions that are serial acquirers, the rules of engagement are difficult to follow and seem to change with each new deal.
SPOTTING DEAL KILLERS Eight Early Warning Signs of Trouble for Strategic Acquisition

Early Warning Signs of Trouble for Acquisition

About half of all strategic mergers and acquisitions (M&A) actually destroy value. Could these failures have been detected early on and potentially avoided?
Measuring Value in Bank M&As

Measuring Value in Bank M&As

Don’t Be Misled by Simple Metrics
Safeguarding Top Talent Is Key for Making Mergers Succeed

Key for Making Mergers Succeed

While there is no denying the positives of a merger and acquisition (M&A), a common downside is that change can disengage and drain your talent pool if not managed correctly.
Improve M&A Success

Improve M&A Success

Improve M&A Success With Effective Employee Communications
How Commodity Volatility Affects Diligence in Food Deals

Mergers & Acquisitions Magazine

How Commodity Volatility Affects Diligence in Food Deals
How to Handle Loan Portfolio Valuation and Avoid Trouble Later

How to Handle Loan Portfolio Valuation

...and Avoid Trouble Later
The Purchase Price Allocation Analyze Early to Avoid Future Earnings Surprises

The Purchase Price Allocation

Analyze Early to Avoid Future Earnings Surprises
Global M&A - Five Factors Midmarket Companies Must Consider Before Making an International Deal

Five Factors Midmarket Companies Must Consider

...before Making an International Deal
"Critical Pillars for M&A Success" Survey

"Critical Pillars for M&A Success" Survey

Despite the economic recovery and improving availability of capital, the failure rate of mergers and acquisitions (M&A) continues to be well-documented.
Navigating the Key Phases of the M&A Value Chain

Navigating the Key Phases of the M&A Value Chain

It's essential for companies to have a process that helps them navigate each step of the M&A transaction value chain, from initial strategy to post-close optimization.
Steering Successful Growth: Value Capture in M&A

Steering Successful Growth: Value Capture in M&A

The past year has seen a huge resurgence in deal-making activity around the globe.
Understanding M&A Accounting: What to Watch For

Understanding M&A Accounting: What to Watch For

One of the worst things for an acquirer to find out after the fact is that the target wasn’t worth what the acquirer thought it was.
Don't Sell Your Business in the Dark - Crowe Sell-Side Due Diligence Services

Don't Sell Your Business in the Dark

Crowe Sell-Side Due Diligence Services
Sell-Side Due Diligence: Maximizing Value in the Sale Process

Sell-Side Due Diligence

Maximizing Value in the Sale Process
Not So Fast: Due Diligence for Quick-Service Restaurant Operations

Due Diligence for Quick-Service Restaurant Ops

The continuing merger and acquisition (M&A) activity in the middle market stems in part from private equity groups and strategic investors targeting larger quickservice restaurant ...
Three Major Hurdles in Financial Due Diligence for Computer Software Companies

Three Major Hurdles in Financial Due Diligence...

for Computer Software Companies
Countdown to Day One Closing the Gap Between Due Diligence and Acquisition Integration

Countdown to Day One

Closing the Gap Between Due Diligence and Acquisition Integration
Crowe Valuation Services

What Is It Worth?

Crowe Valuation Services
Fair Value Measurements and Reporting Presentation

Fair Value Measurements and Reporting Presentation

Fair Value Measurements and Reporting for 2014

Capital Market Contacts

Erry Firmansyah
Erry Firmansyah
Capital Market President Director
Heri Sunaryadi
Heri Sunaryadi
Capital Market Vice President Director
Andi Sidharta
Andi Sidharta
Capital Market Managing Director
Novita Lubis
Novita Lubis
Capital Market Managing Director