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Widyawan & Partners

Karen Phang

Karen Phang

Karen is a Corporate M&A partner with more than 10 years of experience and has worked with a broad range of clients on their transactions and businesses in Indonesia. She advises on M&A, JVs, strategic collaborations, restructurings and business expansions, primarily in the financial services, technology, digital economy and consumer services sectors. Karen is currently on secondment as Senior Foreign Legal Advisor to Linklaters’ Indonesian alliance firm, Widyawan & Partners. Karen started her career in Malaysia and worked in Linklaters’ Singapore office, before moving to Jakarta.

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), one Indonesia’s leading digital telecoms providers. This is one of the largest deals of its kind in Asia.
  • FWD Group on its significant minority stake in BRI Life, the life insurance arm of PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”), together with a 15-year bancassurance agreement to be entered into between BRI and BRI Life.
  • L Catterton on its investment into Sociolla, an online services provider for the beauty and personal care industry, which has subsidiaries in Indonesia, Singapore and Vietnam.
  • Kasikornbank Public Company Limited, a leading bank in Thailand, on its acquisition of a 30.01% stake in PT Bank Maspion Indonesia Tbk.
  • Temasek on its investment in PT Aplikasi Karya Anak Bangsa (GO-JEK) Indonesia's first unicorn and leading on-demand services company.

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.

Karen Phang
Senior Foreign Legal Advisor
Tel: +62 21 2995 1539