Corporate M&A Partner, Singapore
"I specialise in complex cross-border Corporate M&A transactions with a focus on Indonesia. I offer pragmatic and commercially-oriented solutions to steer our clients through complex regulatory and execution issues on their most strategic transactions in Indonesia."
Education and qualifications
Karen is a Corporate M&A partner with more than 10 years’ experience advising a broad range of clients on their transactions and businesses in Indonesia. Prior to relocating back to Singapore recently, Karen spent six years on secondment to Widyawan & Partners, giving her deep insight and familiarity into the nuances of successfully executing deals in Indonesia. Karen advises on M&A, JVs, strategic collaborations, restructurings and business expansions, primarily in the financial services, technology, digital economy and consumer services sectors.
As a core member of Linklaters’ financial institutions group (FIG) practice and Technology practice, Karen has worked on some of the largest and most significant recent transactions in these sectors in Indonesia and the broader Southeast Asian region, including:
- EdgePoint Infrastructure on its US$750m sale-and-leaseback acquisition of more than 4,200 telecommunications towers from PT Indosat Tbk (Indosat Ooredoo) via a competitive auction process. This is one of the largest deals of its kind in Asia and is one of the first transactions to be announced since the introduction of Indonesia’s new foreign investment rules in March 2021.
- Sumitomo Mitsui Banking Corporation (SMBC) on the merger of PT Bank Sumitomo Mitsui Indonesia with PT Bank Tabungan Pensiunan Nasional Tbk (previously 40%-owned by SMBC) to form PT Bank BTPN Tbk, in one of the largest recent transactions in the Indonesian banking sector
- Insurance Australia Group on the sale of its subsidiaries in Thailand (Safety Insurance Public Company Limited) and Indonesia (PT Asuransi Parolamas) to Tokio Marine & Nichido Fire Insurance Co., Ltd.
- Temasek on its investment in PT Aplikasi Karya Anak Bangsa (GO-JEK) Indonesia's first unicorn and leading on-demand services company
- PT Astra International Tbk (Astra), one of Indonesia’s largest companies, on its joint venture with WeLab, a leading technology-based consumer lending company in China and Hong Kong, to provide technology-enabled and data-powered financial products and solutions to consumers in Indonesia
- GO-JEK on its joint venture with Astra in relation to GO-JEK’s four-wheel ride-hailing business in Indonesia
- Sun Life Financial on the buy-out of CIMB Group’s shareholding in their joint venture, PT CIMB Sun Life, in Indonesia in order to comply with the government’s “single presence” regulations
Education and qualifications
Karen studied law in the University of Malaya, and holds a Master of Laws from the University of Cambridge.
She speaks English, Malay and Indonesian.