Chandler MHM

Led by co-managing partners Satoshi Kawai and Niwes Phancharoenworakul, Chandler MHM is best known for its capability in banking and finance and corporate and M&A. The firm remains ‘Outstanding’ in Banking and financial services and Energy sector tables while developing its niche in real estate/REIT. Staff changes during the research period include corporate and M&A partners Arkrapol Pichedvanichok and Tananan Thammakiat, banking and finance partner Joseph Tisuthiwongse and dispute resolution partner Chatchai Inthasuwan joined the firm from Allen & Overy, Charin & Associates, DLA Piper and Clifford Chance respectively. Corporate and M&A partners Supasit Boonsanong and Prisna Sungwanna left the firm to establish their own firms.

Banking and finance

Work highlights

Advising the Export-Import Bank of Thailand as the lender on a $65 million financing to Phu Khanh Solar Power Joint Stock Company to support its solar power project development in Vietnam. 

Advised PTT Oil and Retail Business on its $1.17 billion financing from Thai and Japanese banks, which was part of the Thai energy corporation PTT’s spin-off of its oil and retail business.

Key clients

B Grimm Power, Bangkok Bank, CIMB Thai Bank, Kasikornbank, Mizuho Bank, Progress Interchem (Thailand), Siam Commercial Bank, Standard Chartered Bank (Singapore), Tisco Bank

Capital markets

Work highlights

Advised CPN Retail Growth Leasehold REIT, Thailand’s largest retail-focused real estate investment trust on the establishment of its MTN programme and the issuance of $505 million Thai baht-denominated bonds.

Advised Max Future Company, a property management subsidiary of Singha Estate, a top real estate developer in Thailand, on the establishment of S Prime Growth Leasehold REIT and its IPO, whose trust unit allocation was five times over-subscribed.

Key clients

Hemaraj Leasehold REIT

Corporate and M&A

Work highlights

Acted for B Grimm Power and its subsidiary B Grimm Power Service on its $104 million acquisition of Glow SPP1 Company, a cogeneration plant operator of Glow Energy.

Represented LINE Corporation on its joint venture to establish Kasikorn LINE Company, a digital lending service provider with Kasikornbank in Thailand.

Key clients

Howden Broking Group, Hyperion Insurance Group, Luckytex (Thailand), SENKO Group, Sumitomo Corporation, Tyson Foods

Client feedback

“They were generally helpful to the lender side.” – Banking and finance

“Good practice, understandable and compromising outcome.” – Energy

“Very thorough and competent. They have in-depth knowledge of the law and market.” – Infrastructure

Joseph Tisuthiwongse

“Great dedication to clients and achieve results.”