US$1.2 billion sale of PT Softex Indonesia to Kimberly-Clark Corporation
Allen & Gledhill advised CVC Capital Partners (“CVC”) and the sellers, as transaction counsel, on the 100% sale of PT Softex Indonesia, a leading personal care business in Indonesia, to Kimberly-Clark Corporation for an aggregate purchase price of US$1.2 billion.
This transaction involved deploying a U.S.-style warranty and indemnity insurance policy (“W&I”) for an Indonesian transaction, as opposed to the more customary Asian W&I insurance policy.
A separate team from Soemadipradja & Taher, our alliance firm in Indonesia, advised CVC and the sellers on the Indonesian legal aspects of the transaction.
Advising CVC and the sellers were Allen & Gledhill Partners Prawiro Widjaja, Elsa Chen and Eugene Ho and Senior Associate Jessie Lim and Associate David Ho.
Advising CVC and the sellers on the Indonesian legal aspects of the transaction was Partner Rahmat S. S. Soemadipradja from Soemadipradja & Taher.
