Weerawong, Chinnavat & Peangpanor Ltd. (Weerawong C&P) represented
Joseph Hsu and Gertjan Tomassen, the management of Bangkok Ranch, and a group of investors on share
acquisition in Bangkok Ranch, one of the world’s leading suppliers of premium quality duck meat
products. Weerawong C&P also advised on financing for the transaction from Bangkok Bank and The
Siam Commercial Bank. The transaction involved a management buyout (by a consortium of management
and a group of investors), and financing through a leveraged buyout, including, (i) structuring a
shareholders’ agreement among management and investors, (ii) advising on the financing and leveraged
buyout, and (iii) advising on the Share Purchase Agreement (SPA). The SPA mandated restructuring of
the seller’s group and spin-off of certain businesses. The transaction is valued at US$190 million
(approximately), and closed in December 2012.
Pakdee Paknara, Partner, led the project team
which also included Partner, Passawan Navanithikul, and Associates; Pathamakorn Buranasin,
Karnpitcha Kongkiattiwong, Samata Masagee, Wiriya Chinkarn, Pratumporn Somboonpoonpol, Wittaya
Kaewkungsadan, Jarirat Chevangkul, and Chusak Suwanpuchai, Real Estate Specialist.