Kudun & Partners | View firm profile
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| Kudun and Partners Facilitates Maguro Group’s Successful Listing on the SET
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Kudun and Partners have successfully represented Maguro Group Public Company Limited in the offering of 21 million ordinary shares through an initial public offering (IPO) on the Market for Alternative Investment (mai). The offering totaled approximately THB 541 million on the first trading day, June 5, 2024, making MAGURO the second Thai-listed Japanese restaurant on the stock exchange.
The team, led by Kom Vachiravarakarn, partner and co-head of Capital Markets Practice, Supatra Kerinsaguna, senior associate, and Napassaporn Trakulroong, associate, played pivotal roles in the successful listing of MAGURO. |
| Kudun and Partners Teams Up with IEAT To Launch Industry Legal Co., Ltd.
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Kudun and Partners has recently signed a joint venture agreement with Industry Alpha Limited, a holding company of Industry Promotion Limited, which is an affiliate of the Industrial Estate Authority of Thailand (IEAT), to provide comprehensive legal services and support to IEAT. This collaboration aims to streamline and enhance IEAT’s role as a one-stop service provider for both foreign and local companies conducting business with the authority.
The Industrial Estate Authority of Thailand is tasked with the development and management of industrial estates, organizing areas for factories in a systematic and orderly manner. As a government entity, IEAT’s goal is to distribute industrial development across the country using industrial estates as a key tool. IEAT provides end-to-end support for businesses investing in industrial estates, facilitating everything from land acquisition and factory setup, facilitating easy access to permits, authorizations, and credit applications, as well as providing strategic advice on securities trading. Currently, IEAT operates 68 industrial estates across 16 provinces, with 15 managed directly by IEAT and 53 operated in partnership with developers.
Kudun and Partners is the first and only law firm currently collaborating with IEAT in this venture and will play a leading role in advising on investments, particularly regarding the Industrial Estate Authority of Thailand Act, B.E. 2522 (1979). Leading this initiative is Thanyaluck Thongrompo, Partner and Head of Permits and Licensing. With over 20 years of experience, Thanyaluck excels in a wide range of legal issues, including establishing and registering legal entities, advising on foreign ownership structures and restrictions, corporate and commercial matters, conducting legal due diligence, and managing licenses, permits, and contracts related to IEAT and Board of Investment (BOI) incentives. Recognized as one of Thailand’s Top 100 lawyers by Asia Business Law Journal in 2023, Thanyaluck brings a wealth of expertise to this venture.
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| Kudun and Partners Represents Dusit Thani in a THB 570 million Joint Venture Project
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Kudun and Partners is pleased to announce its successful representation of Dusit Thani Public Company Limited (DUSIT) in a significant joint venture arrangement valued at approximately THB 570 million. Dusit Thani, a prominent Thai listed company renowned for its expertise in properties, hotels, and residential developments, entered this strategic partnership through its subsidiary, Dusit Hospitality Services Company Limited with a subsidiary company of one of the largest and oldest listed companies in the construction materials sector in Thailand and Southeast Asia. This collaboration aims to develop, construct, and sell or lease residential buildings and villas for a multi-generation living project located in the picturesque Cha-am District of Phetchaburi Province, Thailand, a famous tourist destination.
The negotiation process for this joint venture was intricate, involving detailed discussions and reconciling differing perspectives to reach a mutually beneficial agreement, spearheaded by our partner, Kongkoch Yongsavasdikul. He was ably supported by a dedicated team, including Supatra Kerinsaguna, senior associate, and our associates, Napat Adulyanubap and Thanchon Phetroocheang. Kudun and Partners is proud to have played a pivotal role in facilitating this joint venture, which promises to enhance the residential development landscape in Thailand.
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| Kudun and Partners Represents an Affiliate of B.Grimm Power, and Energy China, for the 35 MW Solar Rooftop Project with Zhongce Rubber (Thailand)
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Kudun and Partners has represented an affiliate of B.Grimm Power Public Company Limited and Energy China in entering into a significant energy management contract with Zhongce Rubber (Thailand) Co., Ltd., a subsidiary of the renowned Chinese tire manufacturer Zhongce Rubber. This landmark project involves the development, installation, and management of energy for a 35-MW solar rooftop system at Zhongce Rubber’s manufacturing facilities in Thailand.
The meticulous execution and successful completion of this complex matter were spearheaded by Kudun Sukhumanada, founding partner, Chai Lertvittayachaikul, partner and co-head of the projects and energy practice at Kudun and Partners. They were ably supported by a dedicated team, including Yanin Sirilak, senior associate, Korapat Sukhummek and Panupong Wongmueang, associates. |
| Kudun and Partners Navigates Tri Petch Isuzu Sales Co., Ltd. in THB 159 million Used Car Business Expansion
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Kudun and Partners has successfully represented Tri Petch Isuzu Sales Co., Ltd. in a significant expansion of its used car business. This expansion was achieved through a strategic acquisition and investment, which involved acquiring shares from shareholders of one of Thailand’s leading distributors of high-quality used cars, and the subscription of newly issued shares.
The total investment, amounting to approximately THB 159 million, has resulted in Tri Petch Isuzu Sales Co., Ltd.’s investment arm, i.e. TPG X Co., Ltd., holding approximately 85% of the shares in the target company and its two subsidiaries.
The matter was led by our partners, Kongkoch Yongsavasdikul and Emi Rowse. They were ably supported by a dedicated team, including Supatra Kerinsaguna, senior associate, Sirivipa Kittisubun, Teerachai Boonyaratgalin and Thanchon Phetroocheang, associates. Their dedication and expertise were instrumental in driving this transaction to success. |
| Kudun and Partners Advises Prima Marine in Strategic THB 200 Million Acquisition of V.C. Shipping
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Kudun and Partners has successfully led Prima Marine Public Co., Ltd. (PRM), a leading public listed company in Thailand’s integrated marine transport sector, through the acquisition of all equity interest in V.C. Shipping and Services Co., Ltd. (V.C. Shipping), a key player in logistics and shipping valued at THB 200 million.
The transaction is led by Kom Vachiravarakarn, partner and co-head of the Corporate and M&A Practice, and supported by a team of associates; Natdanai Chitsakdanon, Natthamol Dechpokked, and Thamonwan Koosuwan.
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| Kudun and Partners Advises Interroyal Engineering (IROYAL) on IPO Launch on Thailand’s Market for Alternative Investment
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Kudun and Partners successfully represented Interroyal Engineering Public Company Limited (IROYAL), a provider of engineering services and specialized products, in its initial public offering (IPO) on the Market for Alternative Investment (mai). The IPO filing, submitted to Thailand’s Securities and Exchange Commission on November 5, 2024, offers up to 58 million ordinary shares at THB 0.50 each, marking a milestone in IROYAL’s mission to drive innovation in sustainable electric power solutions.
The transaction was led by partner, Thitawan Thanasombatpaisarn, with support from associates Supajit Koosittiphon and Sirivipa Kittisubun, ensuring a successful listing for IROYAL.
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