TTT+Partners advised Principal Capital PCL (“PRINC”) on the acquisition of approximately a 57% equity interest in N.D.S.34 Co., Ltd. (“NDS”), the operator of Por Phat 1 Hospital and Por Phat 2 Hospital in Nakhon Ratchasima Province.
The transaction involved a combination of share acquisitions from existing shareholders of NDS and a subscription for newly issued ordinary shares by Principal Healthcare Co., Ltd., a subsidiary of PRINC. As a result, PRINC acquired a controlling interest in NDS. The total transaction value was approximately THB 673 million.
Our scope of work included advising on and conducting legal due diligence, as well as drafting and negotiating the share purchase and share subscription agreements. The team also provided comprehensive advice on corporate and regulatory matters and supported the client throughout the transaction execution and closing to ensure a smooth and timely completion.
Following completion of the transaction, PRINC became the majority shareholder of NDS, strengthening its hospital network and expanding its healthcare footprint in the northeastern region of Thailand through the Por Phat hospitals platform.
The team was led by Kongkoch Yongsavasdikul, with support from Supatra Kerinsaguna, Kanatat Damrongchaitham, and Veerapattra Mangmee.
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