Member Profile

Bono Daru Adji
Honorary Advisor
Firm/Company Name
Assegaf Hamzah & Partners
Biographical Info
Mr Bono Daru Adji joined Assegaf Hamzah in 2002, where he quickly developed a reputation for being at the cutting edge of Indonesian commercial law. In the banking and finance arena, Bono earned his spurs the hard way during the 1997/98 Asian financial crisis. Among the significant mandates he worked on at that time were advising Bank Danamon and the Indonesian Bank Restructuring Agency (IBRA) on the merging of 9 major domestic banks that were in danger of collapsing. In his capital-markets practice, Bono has been intimately involved in a long list of high-profile public offerings, most recently those of PT Garuda Indonesia Tbk, PT Berau Coal Energy Tbk, PT Tower Bersama Infrastructure Tbk, PT Bank Tabungan Negara (Persero) Tbk, PT Elnusa Tbk and PT Bank Tabungan Pensiunan Nasional Tbk. He also played a leading role in bond issuances by PT Indosat Tbk and an Islamic bond issuance by PT Indosat Tbk. In the M&A arena, Bono represented PT Recapital Advisors in its acquisition of a 99% stake in PT Bank Tabungan Pensiunan Nasional and a 90% stake in PT Berau Coal, Rabobank Netherlands in its acquisition of PT Bank Haga and PT Bank Hagakita (and the central bank’s related fit-and-proper test process), Telenor in its proposed acquisition of a major telecommunications company in Indonesia, PT Excelcomindo Pratama Tbk in its proposed disposal of telecommunications towers, and the Coca Cola Company in its acquisition of PT Ades Waters Indonesia. Recently he represented shareholders in the sale of shares of PT Bank Himpunan Saudara 1906 Tbk. and PT Bank Mestika Dharma.