Pakdee Paknara Partner
Pakdee is a Partner at The Capital Law Office with over 20 years of experience in mergers and acquisitions, power and energy projects, real estate and construction, property funds, international trade, telecommunications, computer technology and software licensing, government bidding and tax-related transactions.
He has advised domestic and international clients on a wide variety of matters, and is specialized in preparation of documentation for complex commercial transactions, including supply, purchase and sale, service, management agency and employment agreements. Education M.Sc. in Taxation, Prior to joining The Capital Law Office in 2017, Pakdee was a partner of a Golden Gate University, 1994 leading law firm in Bangkok as a head of the commercial and international trade and tax practice. LL.B. Chulalongkorn University, 1987 Selected Transactional Experience
Languages Mergers & Acquisitions Thai, English • Representing Thailand’s Government Savings Bank (GSB) in the Accolades sale of its 25% interest in issued share capital of Thanachart Fund M&A Management Company Limited (TFUND), to Prudential Corporation Highly Regarded by Holdings Limited (Prudential), an affiliate of Eastspring Investments IFLR1000 (2019-2020) (Singapore) Limited. At closing, GSB sold its TFUND 25% interest, and Thanachart Bank Public Company Limited (TBANK) sold its TFUND Leading Lawyer by 25.1% interest; Prudential owned 50.1% of TFUND, and TBANK IFLR1000 (2010-2016) retained a 49% interest. Transaction value: approximately THB 2.1 Leading Lawyer by billion (approximately USD 69.1 million). Asialaw Profiles 2016 • Representing Thanachart Capital Public Company Limited and Recommended Lawyer by Thanachart Bank Public Company Limited in a business merger Legal 500 Asia Pacific with TMB Bank Public Company Limited (TMB Bank) to become the th (2009-2014) 6 largest bank in Thailand. Advice included, due diligence on TMB Bank and subsidiary group; group restructuring; all agreements; Tax obtaining approval/consent/exemptions from Thai authorities; Leading Lawyer/Notable preparing corporate documents-disclosures; closing and post- Practitioner by closing work, with a transaction value of THB 156 billion Asialaw Profiles 2020 (approximately USD 5.1 billion).
Leading Lawyer by • Representing Terraform Global Operating, LLC, a Canadian-based Asialaw Profiles 2015 energy company with global operations, and an investment arm of Brookfield Renewal Power, in the sale of 100% of the shares in 3 Capital Markets operating companies owning solar farms on 9 sites across Thailand, with a transaction value of THB 3.070 billion (approximately USD 102.33 million). Ongoing.
27 jan 2020
Leading Lawyer/Notable • Representing Bualuang Ventures Limited in the acquisition of 30% Practitioner by of the shares in Betong Green Power Co., Ltd. through the acquisition Asialaw Profiles 2020 of 10% of the existing shares from BMP Energy Public Company Limited and subscription of 20% of the new shares in Betong Green Leading Lawyer by Power Ltd. IFLR1000 (2016) • Representing Golden Land Property Development Public Recommended Lawyer by Company Limited (GOLD) in the sale of over 685 million newly Legal 500 Asia Pacific issued ordinary shares of GOLD to Frasers Property Holding (2009-2014) (Thailand) Co., Ltd., a subsidiary of Frasers Centerpoint Limited, one Construction & Real Estate of the world's leading property development companies Leading Lawyer by incorporated in Singapore, with a transaction value of THB 4.97 billion Asialaw Leading Lawyer (approximately USD 138.84 million). (2016) • Representing Thai Wah Food Products Public Company Limited Recommended Lawyer by and Thai Wah Starch Public Company Limited on their Legal 500 Asia Pacific amalgamation into Thai Wah Public Company Limited, including the (2009-2014) delisting of the former companies' shares, and relisting of the amalgamated company's shares, on the Stock Exchange of Band Two Lawyer by Thailand, with a paid-up share capital of THB 880 million Chambers Asia-Pacific (approximately USD 25.5 million). (2009, 2012-2015) • Representing Nomura Asia Investment (Singapore) Pte. Ltd. in a Banking & Project Finance voluntary tender offer of the shares of Capital Nomura Securities Highly Regarded by Public Company Limited (CNS), an equity affiliate located in IFLR1000 (2019, 2020) Bangkok. Nomura Group launched the tender offer with the intention of making CNS a consolidated subsidiary, with a transaction value of Leading Lawyer by THB 3.365 billion (approximately USD 97.54 million). IFLR1000 (2010-2014, 2016) • Representing Rexel General Supply and Services (Thailand) Restructuring & Insolvency Company Limited in its second acquisition in Thailand, 4 Knights Leading Lawyer by International Co., Ltd. which holds a leading position in the IFLR1000 (2012-2014) downstream oil and gas onshore sector with branches in Bangkok and Rayong, the key region for onshore activities, with a transaction Recommended Lawyer by value of THB 253.8 million (approximately USD 7.36 million). The Legal 500 Asia Pacific transaction reinforced Rexel's position in the oil and gas sector and (2009-2014) strengthened the group's presence in Southeast Asia. Projects & Energy • Representing Ananda Development Public Company Limited, a Recommended Lawyer by real estate development company listed on the Stock Exchange of Legal 500 Asia Pacific Thailand, in a joint venture transaction with SEA Investment Five Pte. (2015-2016) Ltd., a subsidiary of Mitsui Fudosan Residential Co., Ltd., with a transaction value of USD 147 million.
• Representing Management of Bangkok Ranch Public Company Limited (BR) and a group of investors in the share acquisition of BR, a leading international food supplier. The transaction involved a management buyout and financing through a leveraged buyout, including (i) structuring a shareholders' agreement among the management and investors, (ii) advising on the financing and the 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, with a transaction value of USD 190 million.
• Representing Real Estate Capital Asia Partners, L.P. (RECAP), a private real estate fund in a multi-phased transaction initially resulting in the execution of a sales and purchase agreement between RECAP and Outrigger Global Holdings (Outrigger), under which RECAP agreed to sell Laguna Beach Resort in Phuket to Outrigger through an 'entire business transfer' transaction, with a transaction value of approximately USD 118 million.
• Representing Siam City Bank Public Company Limited (SCIB) in the disposition by The Financial Institutions Development Fund (FIDF) of 1,005,330,950 ordinary shares in SCIB, totaling USD 304.6 million, to Thanachart Bank Public Company Limited by a tender offer process in the post sale of SCIB shares held by FIDF.
• Representing Muangthai Life Assurance Company Limited, Muangthai Group Holding Company Limited (MGH) and the Lamsam Family in the sale of approximately 41% of the shares in MGH to KASIKORNBANK Public Company Limited and its subsidiaries which became the shareholders holding 51% of the total shares in MGH, with a transaction value of THB 7.5 billion (approximately USD 227.3 million).
• Representing TCC Land Co., Ltd. in the sale of its various assets in Malaysia, Japan and the UK to Frasers Hospitality Trust, the first SGX- ST global listed hotel and serviced residence stapled group and the largest global hospitality portfolio by number of rooms.
Capital Markets
• Representing Bangkok Ranch Public Company Limited (BR) in the offering of 228 million new shares valued at THB 2 billion (approximately USD 57.97 million) on the Stock Exchange of Thailand and advising its shareholders on the corporate approval and compliance with the Securities and Exchange regulations in relation to the sale of their shares in BR to institutional and major retail investors via private placement, with The Siam Commercial Bank Public Company Limited acting as the financial advisor and SCB Securities Co., Ltd. and Bualuang Securities Public Company Limited acting as the lead underwriters.
• Representing Plan B Media Public Company Limited, one of Thailand's largest out-of-home media (OHM) business operators, in its THB 1.795 billion (approximately USD 52.03 million) initial public offering and listing of shares on the Stock Exchange of Thailand.
• Representing MFC Asset Management Public Company Limited in establishing the Hemaraj Industrial Property and Leasehold Fund for the ownership and leasehold rights of the land and factory buildings located in the Eastern Seaboard Industrial Estate of Hemaraj, with a transaction value of THB 4.7 billion (approximately USD 136.23 million).
• Representing TMB Bank Public Company Limited and ING Funds (Thailand) Company Limited, in connection with the establishment of the Major Cineplex Lifestyle Property Fund, a property fund for the public offering of retail property, of which Major Cineplex Group Public Company Limited is the sponsor, with a transaction value of USD 71.88 million.