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Eliot & Luther Finance Advisory
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Finance

“It’s the numbers, stupid.”
— Bill Clinton (paraphrased)

“Numbers. Collating them. Understanding them. Explaining them. Asking for money! It’s all about the numbers...”

Finance is the lifeblood of a business expressed in numbers.

Numbers reflect your profit, loss, assets, liabilities and all key aspects of your present and future business. Accurate and timely financial information enables disciplined financial planning and clear communication with investors, financiers and stakeholders.

We understand your numbers - test your assumptions. What it takes to make the business model work, how to achieve the right valuation. Capital raising today requires clear financial models, disciplined feasibility studies, proven or de-risked environments. We are focused on understanding potential and tailoring the offering to the most likely capital providers.

Project Highlights

USD 200M+

Sale of FTTx Business

PT MNC Vision Tbk

Sell-side advisory on the divestment of FTTx infrastructure to a private equity sponsor and transfer of ISP customers to a leading Indonesian telecommunications provider.

USD 470M+

Mining Acquisition & Financing

PT Astrindo Nusantara Infrastruktur Tbk

Buy-side advisory on acquisition of a portfolio of Indonesian mining assets and coordination of acquisition financing from a syndicate of local banks and international private credit investors.

IDR 6T+

Financial Restructuring

PT Waskita Beton Tbk

Financial restructuring of a state-owned precast concrete maker, coordinating negotiations across banks, bondholders, vendors, and creditors in a successful Indonesian Suspension of Payments (PKPU) process.

Our Services

TRANSACTIONAL SUPPORT

  • Financial Modelling and Investment Materials. Institutional-grade financial models and investment memorandums tailored for investors and decision makers.

  • Financial Due Diligence. Robust stress test of business model, capital structure, quality of earnings, inventory, working capital, assets and liabilities.

  • Valuation and Projections. Independent advice on valuation ranges in a range of real-world scenarios.

  • Advisory. Buy-side and sell-side financial structuring, valuation modelling, and transaction readiness to maximise deal certainty.

  • Capital Raising. Equity, debt, and hybrid structures designed to align growth objectives with institutional investor expectations.

OPERATIONAL SUPPORT

  • Financial Monitoring & Transaction Support. Independent oversight, covenant tracking, and liquidity monitoring to safeguard stakeholder interests and ensure ongoing financial discipline.

  • Capital Structuring. Comprehensive capital restructuring supporting fund-raising, acquisition and corporate recovery strategies, including balance sheet redesign, financing, and private and public market strategies.

  • Feasibility Studies. Retrospective and/or Forward-Looking Studies concerning (i) new business and new market opportunities, (ii) market studies and analysis, (iii) highest and best use assessment of current assets / situations, (iv) cost-benefit analysis of new projects and potential business combinations.

SPECIAL SITUATIONS / RECOVERY

  • Creditor Negotiation. Strategic negotiation support, recovery analysis, and amendment structuring to secure creditor alignment and optimise commercial terms.

  • Structured & Special Situations Finance. Bespoke financing solutions including mezzanine, convertible instruments, and complex capital stack engineering.

  • Turnaround & Crisis Leadership. Hands-on financial stabilization, cash control governance, and interim restructuring leadership during distressed or transitional periods.

  • Expert Reports and Forensic Analysis. We provide expert reports and forensic accounting for use in arbitration and litigation proceedings. Our founder is an experienced expert witness and personally signs off on every report.

Key Person

Isaac Lee

Managing Director, Singapore
Isaac Lee

Isaac is a chartered accountant in the United Kingdom and Singapore with 15 years of commercial and professional services experience across Southeast Asia. His experience includes corporate finance, mergers & acquisitions and serving as CFO for industries such as financial services and tech startups.

Key Person

Jisad Garcennia

Director, Jakarta
Jisad Garcennia

Jisad is a finance professional with eight years of experience across corporate finance, asset management, and institutional brokerage in Indonesia. His experience includes capital markets, SOE restructuring, fund-raising, and financial due diligence across sectors, and he previously served as a fund manager at an established asset management firm.