Represented dtac TriNet Co., Ltd. (DTN), subsidiary of Total Access Communication Public Company Limited (dtac), one of the leading mobile telecommunications services providers in Thailand, in the Term Loan Facility Agreement with Bangkok Bank Public Company Limited. The loan was for the capital expenditure investment in developing a mobile network for provision of mobile services under the 1800 MHz license and the 700 MHz license and for the payment of fees for the 1800 MHz license. The total facilities amount of all loans was THB 15 billion (USD 500 million).
Represented Jasmine International Public Company Limited, one of Thailand’s largest integrated telecommunication service providers, on its sale of additional assets consisting of 700,000 core-kilometers of optical fiber cables to the Jasmine Broadband Internet Infrastructure Fund as well as the lease back of the optical fiber cables and its investment in the right offering units of the Jasmine Broadband Internet Infrastructure Fund. The deal value was more than THB 38,000 million.
Represented Symphony Communications Public Company Limited in the sale of 46.84% of its shares to TIME dotCom International Sdn Bhd (TdCl), a wholly owned subsidiary of Time dotCom Berhad (TIME). Due to the foreign shareholding limit under telecom law, the transaction was structured as a partial voluntary tender offer and a subsequent rights issue to arrive at the desired outcome.
Media and Entertainment
Represented Universal Music Group, the world leader in music-based entertainment, in its investment of 70% shareholding in a joint venture with an estimated value of THB 1.6 billion, with RS Music, one of Thailand’s most successful music and entertainment companies, holding a 30% shareholding. Since completion, the joint venture has acquired and managed the music catalogues of more than 10,000 songs and their related content dating from 1981-2022, such as music videos, lyrics, compositions, pictures, photographs, and other rights under license agreements. The catalog represents more than 960 popular and well-known artists.
Represented The One Enterprise Public Company Limited, a leading content creator and a major digital television channel operator in Thailand, in connection with its THB 4.2 billion (USD 126 million) initial public offering (“IPO”) of the company and listing of its shares on the Stock Exchange of Thailand.
Represented Plan B Media Public Company Limited (PLANB), Thailand’s leading out-of-home advertising media provider, and its major shareholders, in the THB 4.6 billion (USD 144 million) allocation and sale of 18.6% of its shares to VGI Global Media Plc (VGI), a top provider of online-to-offline solutions across advertising, payment and logistics platforms. This merger placed both companies at the top of the Thai market with media inventories nationwide and enabled leveraging of core capabilities, new product development, product bundling and services.
FinTech
Represented SCB X Public Company Limited ("SCBX"), a mothership company of the SCBX Group, on its additional investment in Monix Co., Ltd., a joint venture fintech company of SCBX and Abakus Group which focuses on businesses relating to digital lending, alongside a fund managed by Lombard Asia, as part of the USD 20 million (approximately THB 700 million) equity fundraising by Monix Co., Ltd. The deal was signed and completed in January 2023.
Advised Bitpanda GmbH, a mobile trading platform (ranging from cryptocurrency, stocks, precious metals, ETFs to crypto indices), in relation to launching its mobile trading platform in Thailand.
Advised block.one, a blockchain platform, in relation to a pilot game to be launched prior to the official launch of the digital asset exchange (i.e., Bullish Exchanges).
Advised Gemini Trust Company, LLC, a cryptocurrency exchange and custodian company, in relation to the proposed provision of digital asset businesses (e.g., spot trading and custody service and digital asset - linked derivatives trading services) in Thailand.
E-Commerce
Represented WeMedia Shopping Network Technology Co., Limited (WeMedia) on its minority investment (21.85%) of USD 25 million in Rewind Pte. Ltd. (Rewind), with an option granted to WeMedia to acquire the remaining share capital of Rewind at a later date for approximately USD 125 million, to achieve a 100% interest in Rewind. The Rewind group is a one-stop omni channel solution provider headquartered in Singapore, with its main operations in Thailand. W&I insurance was undertaken by WeMedia in connection with the acquisition and option.
Represented Go-Jek Singapore Pte. Ltd. in relation to the operation of ride sharing and e-payment business in Thailand.
Represented Taobao China Holding Limited, a member of the Alibaba Group operating an online shopping website, in the USD 1 billion acquisition of a controlling stake in the Lazada Group, a leading e-commerce platform in Southeast Asia, in 2016.
Other Technology
Represented Blackstone (BX), the world’s largest alternative asset manager, in relation to the proposed acquisition of a majority stake in Emerson Electric Co. (EMR)’s Climate Technologies business having a value of USD 14 billion. Under the transaction, BX will acquire a 55% common equity interest in the standalone Climate Technologies business and EMR will retain a 45% common equity stake. The transaction involves assets in several jurisdictions, including Thailand.
Represented Apax Partners LLP, a leading global private equity advisory firm, in the acquisition of the software products business 3i Infotech Limited, a listed Indian IT services company, across several countries including USA, UK, UAE, Saudi Arabia, Kenya, Singapore, Malaysia, and Thailand. The deal value is INR 1000 crores (approximately USD 136 million or THB 4.9 billion).
Represented Mineed Technology Company Limited, a Thai company primarily engaging in researching and manufacturing medical devices, pharmaceuticals, and cosmetics, in relation to its THB 25 million equity fundraising by issuing new shares to minority investors.
Represented Cardinal Health, a leading pharmaceuticals distributor, in its disposal of the Cordis business, which develops and manufactures cardiology and endovascular technology, in Thailand to private equity firm Hellman & Friedman (H&F) through an asset sale. The transaction was part of Cardinal Health’s global disposal of the Cordis business which was valued at approximately USD 1 billion.
