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.

M&A Experiences

Public Private
  • Acquisition by Tencent from Ookbee of 30% equity interest in WECOMICS Co., Ltd., an online platform for user generated comics and cartoons

  • Deal counsel for the first round of equity fund raising by Deeple, a renowned advanced AI Chatbot start up in Thailand (June 2020)

  • Advising Istithmar Hotels FZE and Istithmar Building FZE, subsidiaries of Dubai World group, in the dispositions of their entire interest in the companies operating W Hotel Koh Samui (December 2019)

  • Strategic alliance between Tri-En Solution Company Limited and TOENEC CORPORATION (November 2019)

  • Acquisition by DKSH (Thailand) Ltd.  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 (April 2019)

  • Acquisition by China YuHua Group of Stamford International University (February 2019)

  • Advising Asvatanakul Family in connection with their exit of more than 30-year joint venture in Thailand with Japanese’s largest pharmaceutical company, Takeda Pharmaceutical Company Limited, by way of an entire business transfer and sale and purchase of shares from both sides with a total value of approximately Baht 720.7 million (April 2018)

  • Acquisition by CITIC Capital and Humanwell Healthcare of Thailand’s sexual wellness business  of Ansell Limited and related financing (September 2017)

  • Acquisition by CPRN (Thailand) Limited from Charoen Pokphand Group Co., Ltd. of approximately 50% equity interest of Allianz C.P. General Insurance Public Company Limited with the total value of approximately Baht 872 million. (October 2016)

  • Formation of a Joint Venture between a group of shareholders in Villa Market JP and We Retail, a subsidiary of Property Perfect Public Company Limited (May 2016)

  • Acquisition by a subsidiary of Hydoo International Holding Ltd of approximately 36% interest in Hydoo Best Group Co., Ltd. (November 2015)

  • Divestiture of the Global WorkPlace Solutions Business in Thailand by Johnson Controls Inc. to CBRE, Inc. as part of its global disposition (September 2015)

  • Acquisition by Mindo Asia Investments Limited and LeapFrog Thailand Holdings Ltd. of approximately 11% each in Syn Mun Kong Insurance Public Company Limited (December 2014)

  • Acquisition by Lombard and LeapFrog from Royal & Sun Alliance Insurance Plc of approximately 21.75% (approximately 11% by each of Lombard and LeapFrog) of Syn Mun Kong Insurance Public Company Limited through a bidding process and via trading on the Big Lot Board of the Stock Exchange of Thailand (December 2014)

  • Global demerger of information management business of Brambles Industries Limited (December 2013)

  • Acquisition by of TOA Corporation Co., Ltd. of the business of Thaimart Store Company Limited (November 2013)

  • Formation of a Joint Venture between A. Schulman Inc. and SCG Chemicals Company Limited (November 2013)

  • Mergers between BlueScope Steel Limited and Nippon Steel Corporation as regards BlueScope Steel’s operation in Thailand and a business spin off (October 2013)

  • Business Consolidation of UOB Asset Management (Thai) Co., Ltd. and ING Funds (Thailand) Co., Ltd. (October 2013)

  • Acquisition of Hesco Food Industry Company Limited by Singha Corporation Company Limited (September 2012)

  • Acquisition by Globex Corporation Limited and Victor Investment Holdings Pte. Ltd. of the majority interest in Christiani & Nielsen (November 2011)

  • Acquisition of 70% Interest in Toys “R” Us Business by Toys R Us, Inc. (Completion for Thailand jurisdiction took place on 31 October 2011)

  • Disposition by BNP Paribas of its entire interest in Cetelem Thailand to TK Public Company Limited (April 2011)

  • Business Cooperation between Navanakorn Electric Company Limited, Navanakorn Land Development Company Limited and Toyo-Thai Corporation Public Company Limited for a development of the Power Plant Project near Navanakorn Industrial Estate (January 2011)

  • Disposal by BlueScope Steel Limited of its 25,000,000 shares in BlueScope Steel (January 2010)

  • Merger of Ayudhya Fund Management and PrimaVest Asset Management (September 2009)

  • Disposal by BNP Paribas of 100% interest in BNP Paribas Peregrine Securities (Thailand) a bidding process (April 2006)

  • Acquisition by Merrill Lynch of a majority interest in Phatra Securities (July 1998)