Our Practices.

Banking &
Finance

Comprehensive financing transactions and regulatory expertise.

Capital
Markets

Expert advice on debt and equity instruments in Thailand.

Corporate
Governance

A pro-active and integral part of your team.

Foreign Direct
Investment

Enabling and securing your investment in Thailand.

Labour &
Employment

Fostering positive and productive industrial relations.

Litigation &
Dispute Resolution

An unparalleled record of successful litigation and dispute resolution.

Mergers &
Acquisitions

Innovative solutions that span the full deal lifecycle.

Projects &
Infrastructure

Market-leading project development capabilities.

Seeking other specialist advice?

TTT+Partners maintains excellent relationships with leading experts in a wide range specialist areas. This allows us to take on even the most challenging, but also niche matters.

Recent Experience.

Glow IPP 3’s share divestment in Eastern Seaboard Clean Energy

Advised Glow IPP 3 Co., Ltd., a subsidiary of Global Power Synergy Public Company Limited (GPSC), on the successful divestment of its 33.33% equity stake in Eastern Seaboard Clean Energy Co., Ltd., a company holding 100% equity stake in Chonburi Clean Energy Co., Ltd. (CCE), which engages in industrial waste-to-energy projects. The transaction involved the sale of shares to Veolia Environmental Services (Thailand) Co., Ltd., a leading provider of sustainable environmental solutions. This strategic divestment is part of GPSC’s broader portfolio optimization and long-term investment strategy in the energy and utilities sector. Our role encompassed full legal support, including legal due diligence, transaction structuring, drafting and negotiating key transaction documents, and facilitating the completion process in compliance with Thai regulatory requirements.

Strategic Investment in COM7

Advised Plan B Media PCL (PLANB) on its acquisition of an 11.01% equity interest in COM7 PCL (COM7), with a total transaction value of ~THB 7.2 billion (USD 206 million). Completed on 30 June 2026, the transaction resulted in PLANB becoming a major strategic shareholder of COM7, one of Thailand’s leading information technology and digital lifestyle product retailers. COM7 operates an extensive nationwide retail network under well-known brands including BaNANA, Studio7, and iCare. The acquisition supports PLANB’s strategy to expand and integrate its out-of-home media platform within a broader digital ecosystem encompassing retail technology, consumer financing, and electric vehicle (EV) platforms. The investment is expected to diversify PLANB’s revenue streams, generate stable long-term dividend returns, and create significant commercial synergies across the two companies’ nationwide platforms. Our role included conducting legal due diligence, advising on the transaction structure, preparing and reviewing the required disclosures in compliance with the regulations of the Securities and Exchange Commission of Thailand (SEC) and the Stock Exchange of Thailand (SET), and advising the client through to the successful completion of the transaction.

BDMS Proton-therapy equipment procurement

Advised Bangkok Dusit Medical Services PCL (BDMS) on its THB 2 billion procurement of a state-of-the-art CyBeam proton particle radiation therapy system for the new Bangkok Proton Centre in Bangkok, Thailand. Our work included negotiating and drafting the multi-phase procurement agreement, covering detailed technical specifications for a 220 MeV cyclotron, milestone-based payment terms with FX protection, comprehensive warranty and uptime guarantees, and liquidated damages for delays and performance shortfalls. We also advised on commissioning requirements under AAPM TG-224 and TG-185, liability caps, software licensing and data protection, building coordination, staff training (including overseas programmes), and long-term post-warranty service terms. The deal enhances BDMS’s advanced cancer treatment capabilities and demonstrates our firm’s strength in complex medical technology procurement and healthcare regulatory compliance.

Foreign Business License (cash pooling)

Advised the Thai subsidiaries of one of the world’s leading Chinese and Japanese home appliance manufacturers in obtaining a Foreign Business License (FBL) to implement cross-border cash pooling arrangements with affiliated companies in Thailand and overseas. Scope of work included advising on the regulatory framework and legal requirements under the Foreign Business Act B.E. 2542 (1999) in relation to the provision of treasury and cash pooling services in Thailand and structuring the proposed cash pooling arrangement to ensure compliance with applicable Thai foreign ownership and regulatory restrictions. The engagement also covered the preparation and submission of the Foreign Business License (FBL) application to the Department of Business Development (DBD), Ministry of Commerce, as well as liaising and negotiating with relevant government authorities, including attending meetings with DBD officers to address regulatory queries and fulfil application requirements. In addition, the work included drafting and reviewing cash pooling agreements and a loan agreement with a credit facility of THB 18 million to support the implementation of the structure.

Tender offer for shares in a polyester film manufacturer

Advised AGPH (Thailand) Co., Ltd. on its voluntary tender offer for all securities of Polyplex (Thailand) PCL (PTL), with a total transaction value ~THB 13.5 billion (USD 405.6 million). The tender offer covers up to 900,000,000 ordinary shares, representing 100% of PTL’s total issued and outstanding voting shares, at an offer price of THB 15.00 per share. Our scope of work included advising on all Thai law aspects of the tender offer, including the transaction structure, regulatory compliance under the Thai securities and takeover regulations, preparation and review of the tender offer documentation, coordination with the relevant regulatory authorities, and ongoing legal support throughout the offer process. The tender offer was launched on 29 June 2026, with the tender offer period running from 30 June 2026 to 5 August 2026.

Joint Venture Agreement for TSI Retail

Advised Tanachira Retail Corporation PCL (SET: TAN) on its strategic partnership with Saha Pathana Inter-Holding PCL (SPI), I.C.C International Public Company Limited (ICC) and TPCX Company Limited, one of Thailand’s leading business groups. The partnership establishes a collaborative platform and intermediary framework for the acquisition, development, and expansion of brands and business ventures in Thailand and internationally. This initiative is intended to strengthen Tanachira’s retail ecosystem and support its long-term growth strategy through the introduction and scaling of new brands. The transaction represents a significant milestone in Tanachira’s retail portfolio development and is expected to facilitate the launch and expansion of new flagship brands in Thailand over the coming years. Our role included advising on the overall transaction structure, reviewing and drafting relevant transaction documentation, and providing legal advice on corporate, commercial, and regulatory matters in relation to the strategic collaboration, as well as supporting the execution and implementation of the joint venture framework.

JustCo SGX Initial Public Offering

Advised JustCo Holdings Pte. Ltd., a leading Asia-Pacific flexible workspace operator, on its initial public offering (IPO) and listing on the Mainboard of the Singapore Exchange (SGX), raising ~SGD 100 million in gross proceeds through the issuance of 32.1 million shares and 74.3 million cornerstone shares at SGD 0.94 per share. The transaction supports JustCo’s regional expansion strategy across Asia-Pacific, including the continued development of its operations in Thailand and the broader scaling of its network from 54 to over 100 centres across 12 major APAC cities by 2029. Our scope of work included advising on all Thai law aspects of the offering, conducting legal due diligence on the Thailand subsidiaries, advising on regulatory compliance, employment matters, and commercial lease frameworks relevant to flexible workspace operations, and assisting with the verification and disclosure process for the IPO prospectus and offering documents.

Cross-border acquisition of 40% stake in a landbank and luxury real estate JV

Represented a Hong Kong real estate company in its expansion into Thailand, involving an acquisition of shares in a landbank company and a greenfield development of a luxury residential and hotel projects in the prime area of the Bangkok city with the Thai JV partner.

Power company public acquisition and delisting

Represented a leading Thai power company on its USD 4.1 billion acquisition of target which is a power player listed in Stock Exchange of Thailand and the subsequent delisting tender offer. The advice included the acquisition, corporate governance, merger control.

Equity investment and Joint venture transaction

Advised a Thai private company and its founders on the sale of shares to a private equity investor, the implementation of a rights issue, and the establishment of a joint venture in connection with its pork processing products and snacks manufacturing and distribution business.

Series E Investment in Flash Group

Represented the venture capital arm of Thai commercial bank on its investment in the target which provides e-commerce logistics services, including delivery service and is the Thailand’s first unicorn startup.

Acquisition of a majority stake in major energy company

Represented a major Thai power company on its acquisition of a 51% stake in another listed company by way of a private placement of newly issued shares, a sale of shares from the existing major shareholders and a subsequent mandatory tender offer.

Foreign Business License for AI-powered screening and health assessment

Advised a Japanese conglomerate on its complex and pioneering AI-powered cancer screening and general health assessment business, successfully obtaining a landmark Foreign Business Licence (“FBL”) for a project valued at approximately USD 1 million.

Advised shareholders on sale of minority stake to Universal Music Group

Advised the existing shareholders on the sale of a 49% stake in Solution One Holding Co., Ltd. and Digital One Solution Company Limited to Universal Music Group for an aggregate consideration of ~THB 684 million. The transaction involved the disposal of minority shareholdings in each of the companies and the entry into a joint venture arrangement with Universal Music Group. Our role included advising on the overall transaction structure, drafting and negotiating the share purchase and joint venture agreements, and providing legal advice on the structured mechanism designed to facilitate the transfer of full ownership of the companies to Universal Music Group within a predetermined timeframe and at an agreed consideration. We also assisted with transaction execution, completion mechanics, and related post-closing matters to ensure a smooth implementation of the strategic partnership.

Our Solutions.

Trusted.

Our team has an outstanding reputation for providing solutions to even the most complex issues. Yet, it is our consistency that sets us apart, and has earned the trust of many of Thailand’s leading executives.

Thorough.

We pride ourselves on the depth and quality of our analysis, which allows us to confidently formulate solutions that are optimised and provide tangible benefits to our clients.

Transformative.

Beyond completion, we strive for transformation. Our advice is always based on a full understanding of client needs, resulting in solutions that deliver a lasting positive impact.

Contact Us.

Call us on +66 (0)20 805 699