Joe Bauerschmidt

Partner

Head of Capital Markets, Southeast Asia

"Joe Bauerschmidt has an encyclopaedic knowledge of the market in Asia, particularly Indonesia."

— Legal 500 Asia Pacific

Emailjoe.bauerschmidt@dlapiper.com

Call+65 6512 6066

Singapore

About

Joe Bauerschmidt has over 30 years of capital markets and M&A experience. He has worked on more than 400 deals, successfully raising a combined total of USD70 billion. His principal focus is on representing leading international investment banks and corporate issuers with securities offerings, mergers, liability management and restructurings in the public and private capital markets.

Joe has completed a large number of venture capital and mid-size private equity deals, with a particular focus on Fintech and technology-driven disruptive businesses. He has worked on numerous NASDAQ, NYSE, Singapore, Hong Kong, Thailand and Indonesia IPOs and more than 90 high-yield financings throughout Asia.

Joe’s work in Singapore includes IPOs, SPACs, and other offerings for Temasek, CapitaCommercial Trust, K-REIT, Starhill Global REIT, Pacific Internet, OCBC, SATS, SIAEC, UTAC, ARA, and Abbey National, and proposed offerings for Singapore Power, Samudra Energy, PT Bank Mandiri (Persero) Tbk, ECnet, BexCom, First Shipping Lease Trust and Catcha.com.

He has been engaged in Indonesian transactions since 1992, advising companies including PT Berau Coal Energy Tbk, PT Antam, PT Karyadibya Mahardika, PT Freeport Indonesia, PT Bukit Makmur Mandiri Utama (BUMA), PT Pertamina (Persero), PT Telekomunikasi Indonesia Tbk, Niko Resources Indonesia, PT Yudistira Bumi Energi, PT Bumi Serpong Damai Tbk, PT Ciliandra Perkasa, PT Alam Sutera, PT Medco Energi International, and PT Riau Andalan Pulp and Paper (RAPP).

Joe advises issuers and underwriters in structuring, negotiating and restructuring high yield bonds, IPOs and SPACs. He has worked with clients throughout Asia, including Indonesia, China, Macau, Hong Kong, Thailand, Korea, Singapore, Malaysia, India, and Vietnam, and in Mexico, Canada, the UK and the US. He represented the Democratic Socialist Republic of Sri Lanka on its maiden sovereign bond offering, Finance Asia's bond deal of the year for 2007.

Joe spent several years working as an engineer in the oil and gas industry and then began his legal career on Wall Street before moving to Asia in 1997.

Areas of FocusCorporate Mergers and Acquisitions Restructuring Corporate Venture Capital

Professional QualificationsAttorney-at-law admitted with the Supreme Court of New York

Highlights

EXPERIENCE

Advising on various SPAC transactions with an aggregate value of over USD25 billion, including the Lanvin Group on their USD1 billion acquisition and NYSE listing and PT Asia Vision Networks in a signed USD573 million merger with Malacca Straits Acquisition Corp (the SPAC) as well as six SEC-registered SPAC PIPEs investments totalling over USD2.5 billion
Advising PT Karyadibya Mahardhika (KDM) and PT Surya Mustika Nusantara in their USD677 million (USD1 billion enterprise value) sale to Japan Tobacco International, cementing JTI's entry into the world's second largest cigarette market
Advising Surbana Jurong Pte Ltd, a Temasek Holdings portfolio company, in its AUD451 million acquisition of SMEC, an Australian engineering consultancy with 10,000 employees in 42 countries, in which it operated by way of a Scheme of Arrangement
Representing RRJ Capital II Limited, and affiliates of Temasek Holdings (Private) Limited, and Seatown Holdings Pte. Ltd. in connection with their purchase of USD1 billion aggregate principal amount of Unsecured Convertible PIK Notes due 2021 issued by Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG related businesses
Advising PT Berau Coal Energy Tbk in connection with its proposed restructuring of USD950 million of high yield bonds, the issuance of its USD500 million Rule 144A and Regulation S 7.25% Guaranteed Secured Senior Notes due 2017, and many other corporate assignments and offerings
Advising Thai banks in their recapitalizations, including Siam Commercial Bank Pcl's USD1.75 billion share and warrant offering and Krung Thai Bank Pcl's USD800 million secondary share offering
Advising on Indonesian high-yield bond issuances, proposed issuances, transaction liability management and restructurings for PT Berau Coal Energy Tbk proposed (USD950 million and seven previous transactions), PT Ciliandra Perkasa (USD160 million), PT Bukit Makmur Mandiri Tbk (USD320 million), PT Davomas Abadi (USD238 million and three other issuances), PT Alam Sutera Realty Tbk (proposed USD100 million), PT Enercoal Resources Tbk and affiliates (USD3 billion of issuances), PT Sulfindo (proposed USD110 million), PT Energi Mega Persada Tbk (proposed USD220 million), PT Bakrie & Bros.(proposed USD110 million), PT Riau Andalan Pulp and Paper (RAPP) (USD300 million)
Advising on key Indonesian rights issues and other equity offerings including PT Bank Tabungan Negara (YSD328 million), PT Aneka Tambang (Persero) Tbk (USD400 million) and PT Bumi Serpong Damai Tbk (USD550 million)
Advising on Malaysian debt offerings with Petronas Bhd, Tenaga Nasional Bhd (USD600 million, USD400 million, USD250 million), MISC Bhd. (Proposed USD600 million, and share offerings for Air Asia Bhd (USD79 million)), Air Asia X Bhd (USD28 million), Tune Ins Bhd (USD58 million), Bumi Armada Bhd (USD381 million), Maxis Bhd (USD747 million), and SapuraKencana Bhd (USD250 million)
Advising the Socialist Republic of Sri Lanka on its maiden USD500 million international bond offering (FinanceAsia's sovereign deal-of-the-year), the Hellenic Republic of Greece on its maiden USD500 million bond offering, and Vietnam, Sweden and Israel on their sovereign bond offerings