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Sunyaluck Chaikajornwat leads the banking and finance and
mergers and acquisitions practice groups. Sunyaluck has 20 years’ experience advising major
corporations, banks, real estate and investment companies in mergers, acquisitions, joint ventures
and finance in domestic and cross border transactions throughout South East Asia. Sunyaluck is
recognized as a recommended lawyer in Corporate, M&A by IFLR1000 and The Legal 500. Recent Experience Representation of EGAT International Company Limited, a subsidiary of Electricity Generating Authority (EGAT) in its acquisition of 25% of the total shares in Hou Ju Energy Technology Corporation, which operates a solar power generation business in Taiwan with a total installed generation capacity of 37.596 MW, from MP Energy Company Limited, a subsidiary of Mitr Phol Sugar Corp Ltd. The deal was valued at approximately NTD 155 million. (2020-2021) Representation of Berli Jucker Public Company
Limited in relation to the merger and acquisition and relevant anti-trust matters in
connection with the proposed USD 10 billion (THB 310 billion) acquisition of the Tesco Lotus
hypermarket chain in Thailand and Malaysia. March 2020 Advised Big C Public Company Limited on corporate policies, procedures as
well as a preparation of the relevant documents in compliance with the Personal Data Protection Act
B.E. 2562 (A.D. 2019). Advised Berli Jucker
Public Company Limited on corporate policies, procedures as well as a preparation of the
relevant documents in compliance with the Personal Data Protection Act B.E. 2562 (A.D. 2019). Representation of F&N Retail Connection Co. Ltd. (a joint
venture between ThaiBev and Fraser and Neave) in connection with its joint venture with Maxim’s
group of Hong Kong, whereby the joint venture company, Coffee Concepts Thailand acquired all
existing Starbucks outlets in Thailand and became the country’s sole franchisee for 40 years. The
USD 650 million (approximately, THB 20 billion) acquisition closed in May 2019. Representation of Thai Beverage Public Company Limited
(Thai Bev) (SGX-ST) in the USD 4.83 billion acquisition of 53.59%
of Saigon Beer Alcohol and Beverage Joint Stock Corporation (SABECO) by Vietnam Beverage Company
Limited, an associated company of Thai Bev, from the Vietnam Ministry of Industry and Trade. Sabeco
is a public corporation in the Socialist Republic of Vietnam. Shares are listed on the Ho Chi Minh
City Stock Exchange. This is the highest value privatization in Vietnam and the highest value
acquisition in Vietnam to date. The deal will enable the Thai Bev Group to expand in the region,
increase product offerings, and provide access to an extensive distribution network. Deal of the
Year 2017, ASIAN-MENA COUNSEL, In-House Community Representation of
Thai Beverage Public Company Limited (Thai Bev), one of Asia's
largest beverage producers, on the USD 726.6 million acquisition by Internal Beverage Holdings
(Singapore) Pte. Limited, its subsidiary, of 75% of the ownership interests in Myanmar Distillery
Co., Ltd. (MDC) and Myanmar Supply Chain and Marketing Services Co., Ltd. (MSC), together with
International Beverages Trading Company Limited (collectively, the MDC Group). MDC Group is
Myanmar’s leading manufacturer, marketer and distributor of distilled beverages, including Grand
Royal, the country’s leading whisky, and other brands. The acquisition provides Thai Bev with access
to an expanding market and distribution network. The deal closed on 12 October 2017. Deal of the
Year 2017, ASIAN-MENA COUNSEL, In-House Community; Best Myanmar Deal 2017, FinanceAsia Achievement
Awards Representation of Thai Beverage Logistics Co., Ltd. in
the acquisition of Havi Logistics (Thailand) Ltd. Havi Logistics operates food services businesses
with expertise in cold chain logistics and multi-temperature food distribution technology. The deal
valued at THB 240 million closed in February 2018.
Representation of
QSR of Asia Co. Ltd., a subsidiary of Thai Beverage Public Company Limited, in the
sale and purchase agreement with Yum Restaurants International (Thailand) Co. Ltd. to acquire more
than 240 existing and a number of developing KFC stores in Thailand. The deal valued at
approximately THB 11.3 billion closed in August 2017.
Representation
of Planet Energy Holdings Pte. Ltd. and Noble Planet Pte. Ltd. in connection with
the sale of stakes in Green Earth Power (Thailand) Company Limited in relation to its 220 MWDC solar
project in Sagu Township, Minbu District, Myanmar to ECF Power Company Limited and QTC Global Power
Co., Ltd. The deal closed in July 2017.
Representation of
Planet Energy Holdings Pte. Ltd. in the sale of its investment in the 220 MW power
plant project in Minbu, Myanmar to Scan Inter Public Company Limited. Planet Energy Holdings entered
into an agreement for the sale and purchase of 30% of issued share capital of Green Earth Power
(Thailand) Co., Ltd. with Scan Inter in May 2018.
Representation of
Northern Bangkok Monorail Company Limited in every relevant contract, PPP contract,
credit facility agreement, EPC agreement, O&M contract with contractors, and in securing
financing for the BTS Mass Transit Pink Line. The firm also worked with various commercial banks
such as the Bangkok Bank, Krung Thai Bank and the Siam Commercial Bank. The deal included
representation of the consortium (named BSR Joint Venture) entering into a contract for the
construction of the Pink Line project. The Pink Line spans from Khae Rai province to Minburi
province, approximately 34.5 km in length, and is expected to be completed by 2020 as per the
project agreement. We also negotiated the contract with Mass Transit Authority of Thailand
representing the Northern Bangkok Monorail Company Limited. Representation of
Origin Property Public Company Limited (ORI) in the THB 4 billion
acquisition of all shares in Proud Residence Co., Ltd., the developer of The Park 24, a luxury
condominium project in the central business district of Bangkok. At the same time, ORI offered
newly-issues shares valued at THB 1 billion under private placement to the existing shareholders of
Proud Residence. By entry into this transaction, ORI will be able to improve its business
capabilities and competitiveness through expansion into the high-end condominium industry, thereby
enhancing brand recognition and perception in the higher demographic of customers. The deal closed
on 2 October 2017. Representation of North Haven Private Equity Asia
Angel Company Limited, a private equity fund managed by Morgan Stanley in its acquisition
of 25.63% of all shares in DSG International (Thailand) Public Company Limited (DSGT) by way of a
voluntary tender offer. DSGT manufactures disposable personal care products throughout South East
Asia and has subsidiaries in Singapore, Malaysia and Indonesia. The deal was valued at THB 1.614
billion or USD 46 million, representing 25.63% of total shares in DSGT, and closed on 10 October
2016. Representation of Berli Jucker Public Company
Limited (BJC) in its acquisition of a controlling stake (58.56%) of Big C
Supercenter Public Company Limited (Big C) from Geant International BV in March 2016, a subsidiary
of Groupe Casino, and an additional stake (39.38%) in a tender offer in May 2016. The total
acquisition price was THB 204.3 billion. Deal of the Year 2016, ASIAN-MENA COUNSEL Representation of Tipco Asphalt Public Company Limited
(TASCO), the country’s leading asphalt maker in the THB 1.9 billion (approximately
USD 54 million) acquisition of shares in five subsidiaries (in Singapore, Vietnam, Indonesia and
Thailand) of France’s Colas Group, the world’s largest road construction company and a major
supplier of blended bituminous products for road surfacing, in 2016. Representation of TCC Holding Co., Ltd. in respect of the EUR 655
million (USD 713 million) acquisition from METRO Cash & Carry International Holding BV of METRO
Cash & Carry Vietnam Ltd, the biggest foreign-owned player in Vietnam’s modern grocery market
and a leading player with 19 cash & carry stores across 14 cities. The deal was closed in
January 2016. Deal of the Year 2015, ASIAN-MENA COUNSEL; Deal of the Year 2015, The Asian
Lawyer Representation of Ananda Development Public Company
Limited in its joint ventures with SEA Investment Five Pte. Ltd., a subsidiary of Mitsui
Fudosan Co., Ltd., in relation to several condominium projects, including Ashton Silom, Ashton
Residence 41, Ashton Chula-Silom, Q Chidlom-Phetchaburi, Ideo Q Siam-Ratchathewi, Ideo Mobi
Bangsue-Grand Interchange, Ideo Thaphra Interchange, and Ideo O2. Representation of Krungthai Bank Public Company Limited in the debt
restructuring of Saha Farms Company Limited and its affiliate company Golden Line Business,
including the granting of THB 3.4 billion and USD 72 million in bridging facilities to the
companies. Representation of Bangkok Bank Public Company
Limited and KASIKORNBANK Public Company Limited in the THB 7.74 billion credit facilities
provided to True DTT Company Limited (True) and Thai News Network Company Limited (TNN) in
connection with licenses for 2 of 24 highly anticipated new digital TV channels in Thailand. Representation of Krungthai Bank Public Company Limited in its
financing of THB 3.35 billion in total to Fico Group’s subsidiaries in relation to the construction
and operation of various hotels in central Bangkok, namely Novotel Ploenchit, The Muse Hotel M
Gallery Lang Suan, Novotel Silom and Holiday Inn Sukhumvit 22. Representation
of syndicated lenders, i.e., The Siam Commercial Bank Public Company Limited,
Kasikornbank Public Company Limited, TMB Bank Public Company Limited, Tisco Bank Public Company
Limited and Export-Import Bank of Thailand, in the THB 32.5 billion financing of seven small power
producer projects to be developed and operated by seven wholly owned subsidiaries of Gulf JP Co.,
Ltd. which is a subsidiary of Electric Power Development Co., Ltd. or "J-Power" in Japan. Representation of the syndicated lenders, i.e., Bangkok Bank Public
Company Limited, Kasikornbank Public Company Limited, Tisco Bank Public Company Limited and TMB Bank
Public Company Limited, in relation to the THB 13.5 billion credit facilities provided to True
Visions Group Co., Ltd. for the purpose of refinancing of the company’s debt obligation. Representation of Alpha Investment Partners Limited, a private
equity company, in the financing of THB 3.6 billion (approx USD 103 million) by Kasikornbank Public
Company Limited and Tisco Bank Public Company Limited for the purchase of 279 units in Millennium
Residence Condominium from MR Sukhumvit Limited, a subsidiary of Real Estate Capital Asia Partners,
L.P. (RECAP). Representation of Kasikornbank Public Company
Limited and TISCO Bank Public Company Limited in relation to the
facilities granted to subsidiaries of Lehman Brothers Holdings Inc. in the total amount of THB 1.88
billion (approximately USD 58.75 million). Representation of
Kasikornbank Public Company Limited in relation to the THB 786 million bridging
loan granted to subsidiaries of PACE Development Corporation Public Company Limited, for procuring
the land leasehold right for the development of the MahaNakhon Project. Representation of Tata Steel Limited in the acquisition of shares
in Millennium Steel Public Company Limited (currently known as Tata Steel (Thailand) Public Company
Limited). |
EducationLL.M., Columbia University, 2005
LL.B., Thammasat University, 2000
Bachelor of Engineering, Assumption University, 1999 CitizenshipThai LanguagesThai, English Recent AccoladesTier 1 - Corporate, Mergers & Acquisitions, IFLR1000, 2011-2021, Notable Practitioner
Tier 1 - Corporate, Mergers & Acquisitions, The Legal 500, 2009-2020, Recommended Lawyer
Band 1 - Corporate, Mergers & Acquisitions, Chambers & Partners, 2009-2020
Outstanding Firm - Corporate, Mergers & Acquisitions, Asialaw, 2016-20201
Thailand Firm of the Year – Corporate/M&A, ASIAN-MENA COUNSEL, In-House Community, (2011, 2016, 2019)
Best Myanmar Deal 2017 – ThaiBev Group acquisition in Myanmar Distillery, FinanceAsia
Deal of the Year 2017 – ThaiBev Group acquisition of Myanmar Distillery, ASIAN-MENA COUNSEL
Deal of the Year 2017 – Vietnam Beverage acquisition of Sabeco, ASIAN-MENA COUNSEL
Deal of the Year 2016 – Big C Sale, ASIAN-MENA COUNSEL
Deal of the Year 2015 – TCC acquisition of Metro Cash & Carry Vietnam, ASIAN-MENA COUNSEL and The Asian Lawyer |
