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Toby Grainger

Toby Grainger

Managing Partner
Head of Corporate and Indonesian Desk, Singapore

CMS Holborn Asia
7 Straits View
Marina One East Tower
#19-01
Singapore 018936
Languages English, Indonesian
Corporate

Toby is the Managing Partner of the Singapore office and also heads the Indonesian desk. He has a long-standing record of advising on financial, Corporate group and M&A, venture capital and cross-border investment transactions in the Asia-Pacific region.

He advises clients on all aspects of M&A and greenfield projects, investment structuring, VC’s early-stage and start-up companies, shareholder and joint venture agreements, ESOPs, other forms of investment instruments and a wide spectrum of operational agreements (including licensing, trading and specialist services agreements).

Toby acts for a range of international and regional corporate groups, financial institutions and individual clients across TMT, healthcare, natural resources, manufacturing and financial services sectors, where, combining with our leading TMT and energy practice teams, we hold market leading industry experience and regulatory knowledge.

Toby is a leading lawyer in IFLR1000 (2016 and 2017) for Financial & Corporate Law and ranked in Chambers 2018 M&A in Singapore and Chambers 2016-2018 as an expert based abroad for Indonesia Corporate / M&A. He is commended in Asia Pacific Legal 500 2018 as having extensive Indonesia experience and “excellent business acumen and understanding of clients’ needs”.

Toby is dual qualified in both Australia and New Zealand and has also practised in Indonesia, China and Australia.

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“Leading lawyer for Financial & Corporate Law”

IFLR1000, 2016-2018

“excellent business acumen and understanding of clients’ needs”

Asia Pacific Legal 500, 2018

Toby Grainger has a wealth of experience advising international clients on their corporate activities in Indonesia, and interviewees laud him as "a very good adviser and a very proactive person." His sectors of focus include manufacturing, mining and financial services.

Chambers Global 2016

Toby Grainger is cited as a "very good adviser and a very proactive person" by market sources, who are also impressed by his "efficient and quick" service. He provides corporate advice to clients from a range of industry sectors including mining and manufacturing.

Chambers Asia 2016

Toby Grainger has experience advising an impressive roster of international clients, from sectors such as mining and financial services, on their corporate activities in Indonesia. Clients view him as "a very good adviser and a very proactive person."

Chambers Global 2016

Relevant experience

  • Dentsu Aegis Networks on the acquisition of Dwi Sapta (the largest independent full service advertising agency in Indonesia).
  • Myanmar Strategic Holdings (MSH) in respect of their joint venture with Auston Institute of Management (Auston) to establish and operate a higher education college in Yangon, Myanmar. CMS provided advice on the joint venture arrangements, including on the form of the USD 500,000 of funding MSH would provide, and on the licence arrangements, pursuant to which Auston is contributing the curriculum and industry knowledge.
  • Mighty Bear Games (MBG) on their Series Seed funding round led by a consortium of investors. MBG is a start-up specialising in the development of mobile massively online role-playing games and its prominent investors include Rocket Internet’s Global Founders Capital fund. The Series Seed round values MBG at USD 10m.
  • Shopback, a regional e-commerce cash rebates group on various rounds of fundraising, including its Series C funding round in 2017 and Series D funding round in 2019 led by Indonesian VC firm East Ventures and Japanese e-commerce Rakuten.
  • Epsilon Telecommunications, a Singapore-based telecommunications service provider, on the expansion of its partnership with AMS-IX, an independent internet exchange provider.
  • YouGov plc on its acquisition of a stake in SMG Insight, which specialises in media measurement and sponsorship evaluation for the sports sector.
  • Dentsu Aegis Network on its acquisition of PT Valuklik, one of Indonesia’s leading digital performance companies. PT Valuklik is headquartered in Jakarta and delivers marketing services across all digital media channels, including SEM, SEO, social media, programmatic media and performance content.
  • SMRT on its Series A investment into Telepod Pte Ltd, a start-up in the business of the rental of last mile transportation vehicles.
  • Morgan Stanley on the establishment of a securities brokerage and the associated acquisition of a seat and share of the Indonesian Stock Exchange.
  • The Export Credit Agencies and banks on the Indonesian aspects of the USD 1.8bn project financing of the Donggi-Senoro LNG project in Central Sulawesi, Indonesia (the first LNG project in Indonesia to adopt a downstream development model).
  • Korea Resources Corporation on shareholding arrangements with its Indonesian coal investments.
  • One of Korea’s largest pharmaceutical companies on ASEAN regional investments.
  • Indonesia’s largest cellular telecommunications company and its investment banking advisor on the proposed restructuring of its telecommunication towers business worth in excess of USD 1bn.
  • A global Spanish-based pharmaceutical group on the acquisition of a national Indonesian pharmaceutical company.
  • Jinchuan Group (one of the world’s largest nickel refiners) on the acquisition of two Indonesian nickel producers.
  • An on-line luxury art and collectibles site on its USD 2.5mn Series A capital raising with a private family business.
  • A UK listed plc on its Indonesian plantation operations.
  • A US technology group on its joint venture with the technology development of the Singapore Government.
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Education

  • 2002 – LLB (1st Class Hons), University of Canterbury, New Zealand
  • 2002 – B.Com, University of Canterbury, New Zealand
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Publications

  • Co-authored the Indonesian country commentary in International Securities Regulation – Pacific Rim, Vols I-IV (Thomson Reuters) 2011-2014
  • Indonesian country section of Getting the Deal Through – Telecoms & Media 2011, 2012 and 2013
  • Indonesian country page, Asia-Pacific Anti-Trust Review in Global Competition Review 2009
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Lectures list

  • Quarterly lectures at the Indonesian Ministry of Law and Human Rights on contemporary international legal issues (2009 – 2015)
  • Speaker and panellist at Japan Institute for Overseas Investment ("JOI") seminar in Tokyo on Financial Institution M&A in Indonesia, May 2013
  • Speaker and panellist at the Infrastructure Leaders Forum, Jakarta, November 2013
  • Lecture at Atma Jaya University, Jakarta on contract law (2012)
  • Presenter at In-House Congress Jakarta 2011 on Indonesia's Competition Law
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Energy & Climate Change

Toby is the Managing Partner of the Singapore office and also heads the Indonesian desk. Toby has extensive experience in advising on regional corporate transactions and M&A in the natural resources sector. His clients include both miners, traders, downstream producers, logistics businesses and financial investors.

Toby is a leading lawyer in IFLR1000 (2016 and 2017) for Financial & Corporate Law and ranked in Chambers 2018 M&A in Singapore and Chambers 2016-2018 as an expert based abroad for Indonesia Corporate / M&A. He is commended in Asia Pacific Legal 500 2018 as having extensive Indonesia experience and "excellent business acumen and understanding of clients’ needs”.

He is dual qualified in both Australia and New Zealand and has also practised in Indonesia, China and Australia.

more less

“Leading lawyer for Financial & Corporate Law”

IFLR1000, 2016-2018

“excellent business acumen and understanding of clients’ needs”

Asia Pacific Legal 500, 2018

Toby Grainger has a wealth of experience advising international clients on their corporate activities in Indonesia, and interviewees laud him as "a very good adviser and a very proactive person." His sectors of focus include manufacturing, mining and financial services.

Chambers Global 2016

Toby Grainger is cited as a "very good adviser and a very proactive person" by market sources, who are also impressed by his "efficient and quick" service. He provides corporate advice to clients from a range of industry sectors including mining and manufacturing.

Chambers Asia 2016

Toby Grainger has experience advising an impressive roster of international clients, from sectors such as mining and financial services, on their corporate activities in Indonesia. Clients view him as "a very good adviser and a very proactive person."

Chambers Global 2016

Relevant experience

  • Powernext, an energy exchange, on the joint venture arrangements and regulatory considerations in respect of the establishment of Spark Commodities in Singapore, a joint venture with Kpler.
  • A Chinese SOE (and one of the world's largest nickel refiners) on the acquisition of two Indonesian nickel producers in Sulawesi and advising on a related bridge financing.
  • North Asian investor, developer and operator in the green-energy industry on its solar joint venture project in Kazakhstan comprising of several corporate and financing components.
  • A Singapore-based mining group with operations in Western Australia and Malaysia on its debt and equity fundraising activities, convertible note rollovers, Malaysia project documentation and other general corporate advice.
  • A vendor group on an investment by a listed company into a mining logistics and transportation company in Indonesia.
  • An Indonesian affiliate of REA on the acquisition of marine infrastructure assets at Kecamatan Kotabangun, Kalimantan, Indonesia.
  • LGI on a potential investment into an Indonesian coal mining company.
  • A Korean MNC on coal funding, financing and security arrangements for two Korean financial institutions to support coal production and trading in Indonesia.
  • A Singapore investor on the acquisition of stakes in several Indonesian anthracite mines.
  • An Australian nickel mining group on a share swap involving an Indonesian nickel refining company.
  • The Indonesian subsidiary of an Australian mineral explorer on its aggregates development agreement.
  • An Indonesian coal miner on its coal offtake agreements with Noble Group.
  • Norwegian marine seismic services provider, Shearwater GeoServices, in its USD 600m cross-border acquisition of the marine seismic acquisition assets and operations of WesternGeco.
  • An Australian listed company on its structuring and investment agreements relating to its Indonesian mining subsidiary in Papua.
  • Trafigura on a variety of Indonesian coal and minerals trading and prepayment transactions.
  • A Chinese-based metal miner and processing group on its Indonesian off-take agreements.
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Education

  • 2002 – LLB (1st Class Hons), University of Canterbury, New Zealand
  • 2002 – B.Com, University of Canterbury, New Zealand
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TMT - Technology, Media & Telecommunications

Toby is the Managing Partner of the Singapore office and also heads the Indonesian desk. Toby‘s Technology, Media and Telecommunications transactional experience and strength contributes to the firm’s market leading TMT practice in the region.

He advises clients on all aspects of M&A and greenfield projects, investment structuring, VC’s early-stage and startup companies, shareholder and joint venture agreements, ESOPs, other forms of investment instruments and a wide spectrum of operational agreements (including licensing, trading and specialist services agreements). Some of his clients include ShopBack, Sony Pictures, SMRT, Mighty Bear Games, M&C Saatchi and GorillaSpace.

Toby is a leading lawyer in IFLR1000 (2016 and 2017) for Financial & Corporate Law and ranked in Chambers 2018 M&A in Singapore and Chambers 2016-2018 as an expert based abroad for Indonesia Corporate / M&A. He is commended in Asia Pacific Legal 500 2018 as having extensive Indonesia experience and "excellent business acumen and understanding of clients’ needs.”

He is dual qualified in both Australia and New Zealand and has also practised in Indonesia, China and Australia.

more less

“Leading lawyer for Financial & Corporate Law”

IFLR1000, 2016-2018

“excellent business acumen and understanding of clients’ needs”

Asia Pacific Legal 500, 2018

Toby Grainger has a wealth of experience advising international clients on their corporate activities in Indonesia, and interviewees laud him as "a very good adviser and a very proactive person." His sectors of focus include manufacturing, mining and financial services.

Chambers Global 2016

Toby Grainger is cited as a "very good adviser and a very proactive person" by market sources, who are also impressed by his "efficient and quick" service. He provides corporate advice to clients from a range of industry sectors including mining and manufacturing.

Chambers Asia 2016

Toby Grainger has experience advising an impressive roster of international clients, from sectors such as mining and financial services, on their corporate activities in Indonesia. Clients view him as "a very good adviser and a very proactive person."

Chambers Global 2016

Relevant experience

  • A US technology group on its joint venture with the technology development arm of the Singapore Government.
  • Shopback, a regional e-commerce cash rebates group on various rounds of fundraising, including its Series C funding round in 2017 and Series D funding round in 2019 led by Indonesian VC firm East Ventures and Japanese e-commerce juggernaut Rakuten.
  • M&C Saatchi on the acquisition of Dayre, a high profile South-East Asian micro-blogging app.
  • Epsilon Telecommunications, a Singapore-based telecommunications service provider, on the expansion of its partnership with AMS-IX, an independent internet exchange provider.
  • YouGov plc on its acquisition of a stake in SMG Insight, which specialises in media measurement and sponsorship evaluation for the sports sector.
  • A UK buyer on its proposed acquisition of a pan-Asian online payments business.
  • SMRT on its Series A investment into Telepod Pte Ltd, a start-up in the business of the rental of last mile transportation vehicles.
  • Dentsu Aegis Networks on the acquisition of Dwi Sapta (the largest independent full service advertising agency in Indonesia) and PT Valuklik.
  • GorillaSpace, a Singapore-based online marketplace for workspaces on a seed funding round led by Japanese real estate developer Mitsubishi Estate.
  • Indonesia’s largest cellular telecommunications company on the proposed restructuring of its telecommunication towers business. 
  • Morgan Stanley on the establishment of a securities brokerage and the acquisition of a seat and share of the Indonesian Stock Exchange.
  • Ampotech, a smart metering enviro-tech company on its seed investment round.
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Education

  • 2002 – LLB (1st Class Hons), University of Canterbury, New Zealand
  • 2002 – B.Com, University of Canterbury, New Zealand
more less

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