Widyawan & Partners advises I Squared Capital on its acquisition of Cella
Widyawan & Partners, in association with Linklaters, has advised I Squared Capital on its acquisition of Cella, an Indonesian industrial logistics and cold storage platform, from NWP Property and CRE Inc.
Founded in 2022, Cella owns and operates a portfolio of five modern logistics and cold storage facilities located across Greater Jakarta and Surabaya, with approximately 231,000 square metres of net leasable area. The platform serves customers across the e-commerce, third-party logistics, retail and consumer goods sectors.
The acquisition marks I Squared Capital’s entry into Indonesia’s industrial logistics and cold storage market.
The cross-practice, multijurisdictional team was led by corporate partners Teguh Arwiko and Karen Phang. The wider team, spanning the corporate, banking and litigation, arbitration and investigations practices, included Randhika Pratama, Trysa Arifin, Ricky Purba, Gregorius Wibisono, Regita Maritza, Iona Melayu, Rafi Ibrahim, Daniel Tan, Dave Yeo, Mohammad Muzhaffar Bin Omar and Denise Bryan.
Teguh Arwiko, partner at Widyawan & Partners, commented:
“We are pleased to have supported I Squared Capital on its entry into Indonesia’s industrial logistics and cold storage market. The transaction drew on our Indonesian M&A experience, leveraging Linklaters’ corporate, banking and disputes capabilities to provide integrated advice throughout the transaction.”
Widyawan & Partners’ long-standing association with Linklaters combines deep Indonesian market knowledge with international capabilities to deliver integrated support on complex cross-border transactions.