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Bono Daru Adji

Co-Managing Partner, Assegaf Hamzah & Partners

Practice Area:

Banking & Finance
Capital Markets
Mergers & Acquisitions

Bachelor of Law Degree, Trisakti University, Jakarta (1993)
LLM, Monash University, Melbourne, Australia (1995)

T +62 21 2555 7800

A Co-Managing Partner at AHP, Bono obtained his LL.M from Monash University, Melbourne, Australia, in 1995 and has been practicing law in Indonesia since 1997, focusing on foreign direct investment, mergers and acquisitions, and capital markets.

After a brief spell at another of Jakarta’s premier law firms, Bono joined Assegaf Hamzah in 2002, where he quickly developed a reputation for being at the cutting edge of Indonesian commercial law.

Bono is recommended for Capital Markets, Corporate / M&A and Banking & Finance by Legal 500, while Chambers Asia Pacific names him a “Leading Individual” in Capital Markets and Corporate/M&A, and quotes a client lauding him as someone “who really knows his stuff on capital markets,” and another referring to him as “a go-to person" in Corporate/M&A. 


In the banking and finance arena, Bono earned his spurs during the effort to bring order to the chaos that reigned following the virtual collapse of the Indonesian economy in the wake of 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 nine major domestic banks that were in danger of imminent collapse.

In his capital markets practice, Bono has played an instrumental role in a long list of high-profile public offerings, most recently those of PT Saratoga Investama Sedaya (the first by an Indonesian private equity house), PT Mitra Pinastika Mustika, PT Austindo Nusantara Jaya, PT Provident Agro, rupiah bond issuances by PT Medco Energi Internasional Tbk, 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, and a series of rupiah and US-dollar bond issuances by PT Indosat Tbk.

In the M&A arena, Bono represented PT XLAxiata Tbk in the proposed acquisition of PT Axis Telekom Indonesia, PT Recapital Advisors in its acquisition of 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 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. Meanwhile, in debt restructuring, Bono represented ING as financial adviser in an exchange offer for USD Notes issued by PT Davomas Abadi Tbk. More recently, he advised Baring Private Capital Asia on its acquisition of a 41.65 percent stake in PT Cardig Air Services from PT Menara Nusantara through a call option. 

Memberships / Directorships
  • Member of the Indonesian Bar Association (Peradi)
  • Member of the Steering Committee of the Indonesian Capital Market Legal Consultants Association (HKHPM)
  • Member of the Indonesian Aviation Law Society (Masyarakat Hukum Udara)