Bank of Ayudhya Public Company Limited on its acquisition of the whole of the consumer finance business of Home Credit Group in Indonesia and the Philippines, alongside other members of Bank of Ayudhya’s financial group, Adira Dinamika Multi Finance TBK and MUFG Bank, Ltd., in a transaction that will mark a material addition to Bank of Ayudhya’s consumer finance business in line with its ASEAN expansion strategy.
TMB Bank Public Company Limited on its approximate USD5.5bn merger with Thanachart Bank Public Company Limited, and TMB Bank’s related equity fundraising process through the issue of transferable subscription rights, which raised in excess of approximately USD1.2bn. The deal marked the largest bank merger in Thailand, positioning the merged ‘TTB’ entity as the sixth largest bank in the country by assets.
Northstar private equity in its $1 billion refinancing of an Indonesian retail company.
Lone Star private equity on the disposal of its interest in a Thai non-performing loan portfolio, involving the simultaneous sale of an asset management company in Thailand and related joint venture entities in multiple jurisdictions to an Asian private equity house.
Navis Capital Partners on its acquisition of a majority interest in N.P. Medical Co., Ltd. and related companies that operate a specialist spinal hospital and medical and therapy services in Thailand under the 'S-Spine and Nerve Hospital' name.
Navis Capital Partners on its disposal of a minority stake in bubble tea brand Kamu Kamu, which trades as KAMU Tea, to Modulus Ventures, a wholly-owned subsidiary of PTT Oil and Retail Business. This followed on from Navis Capital Partners' initial acquisition of their majority interest in Kamu Kamu, on which A&O also advised.
Engie Global Developments B.V. on multiple transactions worth in aggregate more than USD 300m, which together constituted its complete exit from its Indonesian geothermal business.
Thai Solar Energy PCL on the simultaneous disposal of its interests in multiple Japanese solar sites, structured by way of sale of land holding companies and interests in profit sharing arrangements via a series of competitive auctions.