Thananan Sangnuan
Partner
Thananan guides financial institutions and private equity funds through complex M&A, debt restructuring, and SEC/SET regulatory compliance in Thailand.
Awards & Recognition
Biography
Languages - English, Thai
Jurisdiction - Lawyer admitted with the Lawyers Council of Thailand
Thananan guides domestic and international private equity funds, commercial banks, and financial institutions through complex financial landscapes. She acts as a strategic adviser to corporate leaders navigating high-stakes investments, joint ventures, and market entries. By aligning legal strategy with commercial goals, she helps both local and inbound buyers successfully execute cross-border transactions and expand their market presence.
With deep expertise in mergers and acquisitions, Thananan navigates clients through complex takeovers, corporate restructuring, and acquisition finance. She provides vital regulatory guidance on rules set by the Office of the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET). Additionally, she steers banks through distressed debt management, non-performing loan (NPL) transactions, and private equity exit strategies.
Thananan’s deep regulatory insight ensures her clients achieve seamless compliance while maximising their investment value. She transforms complex regulatory hurdles into clear, actionable pathways for financial growth. By safeguarding assets and streamlining transactions, she serves as a vital partner in securing her clients' long-term commercial success in Thailand.
Experience
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UOBKH Thailand take-private and SET delisting
Advising UOB Kay Hian Holdings Limited and UOB Kay Hian Securities (Thailand) Public Company Limited (UOBKH Thailand) in connection with the acquisition of all outstanding shares of UOBKH Thailand through a voluntary tender offer for delisting from the Stock Exchange of Thailand (SET).
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GC Polyols strategic restructuring
Advising PTT Global Chemical Public Company Limited on its strategic restructuring of GC Polyols.
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TMBThanachart strategic acquisition and JV
Advising TMBThanachart Bank Public Company on its strategic share acquisition of shares in a motorcycle hire purchase business and a joint venture between the bank and TLS Plus Company Limited, a wholly owned subsidiary of MBK Public Company Limited group.
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Asset management infrastructure and compliance
Advising various Thai commercial banks, finance companies, and boards of directors on the establishment of asset management companies (AMCs), regulatory compliance, and the cross-entity transfer of non-performing loans.
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Thanachart and TMB Bank merger
Advising The Bank of Nova Scotia, a major shareholder of Thanachart Bank Public Company Limited, on its landmark merger with TMB Bank Public Company Limited. This transaction was awarded Best Deal of the Year at the SET Awards 2020.
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TMB Bank NPL portfolio acquisition
Advising Standard Chartered Bank (Hong Kong) Limited on the due diligence and acquisition of TMB Bank Public Company Limited’s non-performing loan (NPL) portfolio, including the structuring of an acquisition vehicle and the establishment of an asset management company.
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Cross-border insurance acquisition
Advising a global multinational insurance group, as a bidder, on a competitive auction process for the acquisition of the Thailand and Vietnam general insurance businesses.
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Private equity investments and divestments
Advising domestic and international private equity funds on all aspects of private equity investment, including acquisitions, investment structuring, management, regulatory compliance, and strategic divestment of their portfolio assets in Thai target companies.
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Chubb insurance corporate restructuring
Advising Chubb Limited on its share acquisition of Chubb Samaggi Insurance Public Company Limited, followed by a strategic partial business transfer to its existing non-life insurance operations.
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Rojukiss International IPO
Advising Rojukiss International Public Company Limited on its initial public offering and listing on the Stock Exchange of Thailand, with an aggregate transaction value of approximately THB 1.374 billion ($45.85 million).
