THANATHIP & PARTNERS
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M & A
We provide comprehensive advice and services on private and public takeovers and complex M&A transactions and are regularly in contacts with the Securities and Exchange Commission (SEC), the Stock Exchange of Thailand (SET), and a number of other governmental authorities. The number and variety of deals with which our team have been involved give us a valuable pool of experience to draw from, and help ensure that we stay up-to-date with current structures as they develop in the field of M&A and corporate finance.
We have also advised our clients on merger control requirements and their interplay with various transactions. Not only have we successfully assisted our clients on a number of high profile transactions in complying with merger control requirements, including pre-merger filing and post-merger notification as administered by the Office of the Trade and Competition Commission (OTCC), but we have also worked closely with our clients in identifying anti-competition issues at the early stage of the transactions and forming step plan to secure clearance or complete requisite filings in a timely manner. On cross-border transactions, we have worked alongside leading international law firms in coordinating multijurisdictional filings for our clients.
In addition to global corporations, leading Thai companies, PEs and top investment banks, we are very keen in fostering relationships and being part of an entrepreneurial journey of start-ups and have been heavily in volved in assisting in various stages of a few well renowned start-ups in finance, securities, healthcare, retails and consumer ranging from a pre-formation, to strategic exit.
- Advising Carlye on a formation of a joint venture company with Taiwanese major shareholders together with its indirect acquisition of the 26 per cent equity interest in Sushi Express and Sushi Express (Samoa), a conveyor-belt sushi chain across Asia
- Advising Icap-Sira Group in the acquisition of 70% equity interest in UAC Advance Polymer & Chemicals, previously a wholly owned subsidiary of UAC engaging in the chemicals and latex polymers production
- Assisting CJ CheilJedang, a Korea’s leading food culture company with products under the brand “bibigo”, in its proposed investment and business cooperation with A-Best, a sophisticated local agricultural produce manufacturer and seller
- Advising Ngernturbo, a consumer finance startup providing loan products and financial services, on the acquisition of almost 10% interest of the company by Kasikorn Vision, a subsidiary of Kasikornbank
- Advising EatLab, a Thai-based startup providing data analytic services for restaurants, on its Series A fundraising by way of crowdfunding
- Assisting the founders of OptAsia Capital, a financial advisory firm, in the disposal of shares to a strategic investor
- Advising Linden Capital Partners in its indirect acquisition of the entire equity interest in Suretex, a Thai subsidiary of LifeStyles Healthcare, a global sexual health and wellness platform, as part of its global acquisition of LifeStyles Healthcare
- Advising Akulaku, a leading banking and digital finance platform in Southeast Asia, in its joint venture with Card X, a subsidiary of SCBX
- Advising the founders of Unison Group, the leading pharmaceutical and healthcare products manufacturer and distributor, in a disposal of equity interest in the group's companies to B.Grimm Healthcare
- Advising BSCM Foods, a subsidiary of Chia Meng Marketing, a leading producer of jasmine rice, under the brand name "Hongthong" and "Golden Phoenix", in its acquisition of 25% interest in Khaeng Rang Took Wan, the manufacturer and distributor of healthy foods products under the brand “Nim Nim”
- Assisting Freshket on its Series B Fundraising of approximately US$23.5 million led by Modulus Venture Capital, a wholly-owned subsidiary of PTT Oil and Retail (PTTOR) with participation from Openspace Ventures, Betragro Holding, Orzon and Volta Circle
- Advising Kasikorn Vision, a wholly owned subsidiary of Kasikornbank, in its joint venture with J Asset Management, a wholly owned subsidiary of JMT Network Services, under the name ”JK Asset Management” engaging in managing non-performing loans and non-performing assets
- Acting for Bain Capital Credit in connection with its Series A financing of US$250,000,000 to Cuisine Solutions Inc. as regards its Thailand operations
- Advising Food Selection and Food Culture, the operators of Japanese restaurants under the brands “Shinkanzen Sushi” and “Semma Sushi”, on their joint venture with Central Restaurants Group (CRG)
- Advising Principal Healthcare, a subsidiary of PRINC, in its acquisition of majority interest in Pewdee Clinic, a chain of renowned aesthetic clinics in Thailand
- Advising Navis Capital in (i) the acquisition of Ambassador Education Group, a license holder of six private international schools in Thailand, and (ii) the acquisition of N.P. Medical, a licence holder of S-Spine hospital and RMC Clinic
- Advising Clover Power in connection with its acquisition of an entire interest in Siam Pallet Power, the operator of a natural gas-fired cogeneration power plant in Saraburi province
- Advising a company engaging in higher education services in the People’s Republic of China, in its acquisition equity interest in Shinawatra University
- Advising Sanofi Group with respect to the internal restructuring and business transfer of its subsidiaries in Thailand to spin off its Consumer Healthcare Business as a standalone business unit under Opella Healthcare
- Joint venture between PharmCare Group, an operator of the health tech platform called “PharmCare”, and Humanica
- Advising Boon Rawd Trading in its investment in 30% interest in Siri Pro, which engages in food and beverages distribution businesses
- Advising Thai Feed Mills in connection with the investment by Morgan Stanley Group of 35% interest in its subsidiary
- Assisting Freshket on its Series A and Series B Fundraising of US$3,000,000 and US$23,500,000, respectively
- Acquisition by SGS Capital of Gifted IVF Udonthani Clinic, a limited company engaging in the operation of In-Vitro Fertilisation (IVF) clinic in Thailand
- Advising Tencent in (i) its acquisition from Ookbee of 30% interest in WECOMICS, an online platform for user generated comics and cartoons, and (ii) its further investment in Series C fundraising by Ookbee
- Deal counsel for the first and second rounds of fund raising by Deeple, a renowned and leading advanced AI Chatbot start up in Thailand
- Disposition of entire interest in the companies operating W Hotel Koh Samui by Istithmar Hotels FZE and Istithmar Building FZE, subsidiaries of Dubai World group
- Strategic alliance between Tri-En Solution and TOENEC CORPORATION
- Acquisition by DKSH (Thailand) of an entire distribution operations of scientific and laboratory devices from a group of sellers who are leaders in the distribution of scientific and laboratory devices in Thailand
- Acquisition by China YuHua Group of Stamford International University
- Disposal of an entire equity interest by Asvatanakul Family Takeda Thailand, a subsidiary of Japanese’s largest pharmaceutical company, Takeda Pharmaceutical, by way of an entire business transfer and sale of shares
- Acquisition by CITIC Capital and Humanwell Healthcare of Thailand’s sexual wellness business of Ansell and related financing
- Acquisition by CPRN (Thailand) from Charoen Pokphand Group of approximately 50% interest of Allianz C.P. General Insurance with the total value of approximately Baht 872 million
- Joint venture between a group of shareholders in Villa Market and We Retail, a subsidiary of Property Perfect
- Acquisition by a subsidiary of Hydoo International Holding of approximately 36% interest in Hydoo Best Group
- Divestiture of the Global WorkPlace Solutions Business in Thailand by Johnson Controls Inc. to CBRE, Inc. as part of its global disposition
- Acquisition by Mindo Asia Investments and LeapFrog Thailand Holdings of approximately 11% each in Syn Mun Kong Insurance
- Acquisition by Lombard and LeapFrog from Royal & Sun Alliance Insurance of approximately 21.75% (approximately 11% by each of Lombard and LeapFrog) of Syn Mun Kong Insurance through a bidding process and via trading on the Big Lot Board of the Stock Exchange of Thailand
- Global demerger of information management business of Brambles Industries
- Acquisition by TOA Corporation of the business of Thaimart Store
- Formation of a Joint Venture between A. Schulman Inc. and SCG Chemicals
- Mergers between BlueScope Steel and Nippon Steel Corporation as regards BlueScope Steel’s operation in Thailand and a business spin off
- Business consolidation of UOB Asset Management (Thai) and ING Funds (Thailand)
- Acquisition of Hesco Food Industry by Singha Corporation
- Acquisition by Globex Corporation and Victor Investment Holdings of the majority interest in Christiani & Nielsen
- Acquisition of 70% Interest in Toys “R” Us Business by Toys “R” Us, Inc.
- Disposition by BNP Paribas of its entire interest in Cetelem Thailand to TK
- Business cooperation between Navanakorn Electric, Navanakorn Land Development and Toyo-Thai Corporation for a development of the Power Plant Project near Navanakorn Industrial Estate
- Disposal by BlueScope Steel of its 25,000,000 shares in BlueScope Steel
- Merger of Ayudhya Fund Management and PrimaVest Asset Management
- Disposal by BNP Paribas of 100% interest in BNP Paribas Peregrine Securities (Thailand) through a bidding process
- Acquisition by Merrill Lynch of a majority interest in Phatra Securities