16 January, 2019
SSEK Legal Consultants Advises on Acquisition of GE’s Distributed Power Business
SSEK Legal Consultants has acted as Indonesian counsel to General Electric in connection with the acquisition by global private equity firm Advent International of GE’s Distributed Power business. The global value of the acquisition was USD 3.25 billion, as has been reported.
The SSEK team advising on the transaction was led by partner Dewi Savitri Reni, with associate Greita Anggraeni.
SSEK, with DLA Piper (Singapore), assisted GE in structuring and handling the formation of the Indonesian entity to be acquired as part of the global transaction. This Indonesian entity engages in the importation of gas engines.
GE’s Distributed Power business is best known for manufacturing the Jenbacher and Waukesha gas engines, which generate electricity for towns and factories around the world.
