Linklaters and King & Wood Mallesons have the lead roles on a $1.21 billion deal that will see Indonesian equipment lessor PT United Tractors Tbk acquire one of the country’s largest gold mines from investors led by Melbourne-based private equity firm EMR Capital.

PT Danusa Tambang Nusantara, a gold exploration unit of conglomerate Jardine Matheson-backed PT United Tractors, will buy a 95 percent stake in Martabe, a gold and silver mine in western Indonesia, from EMR Capital and other investors including San Francisco-based asset management firm Farallon Capital Management.

EMR Capital and co-investors, which bought the stake in 2015 for $775 million, has agreed to the deal. In June, the Wall Street Journal reported that Pengxin International Mining Co., a Chinese mining-exploration company, offered $1.5 billion to acquire the Martabe mine.

Linklaters, regular counsel to Jardine Matheson, is representing the acquirer PT Danusa Tambang. *Singapore partner David Holme and Hong Kong partners Stuart Salt and Alex Bidlake are leading the team on the deal.

King & Wood Mallesons Sydney partners Mark McNamara and Paul Schroder are advising EMR Capital and other exiting investors. Allen & Overy Jakarta partner Daniel Ginting is serving as Indonesia counsel to the investment firms.

*Updated 8/21: This story has been updated with lead partners at Linklaters that are working on the deal.