A consortium of investors led by Founders of Bangkok Ranch Public Co.Ltd including the management, Joseph Suchaovanich and Gertjan Tomassen, acquired 80% stake in Bangkok Ranch Public Co. Ltd. from Navis Capital Partners and Rabo Capital in a management buyout for THB 5.7 billion.
January 01, 2013 at 09:30 am IST
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A consortium of investors led by Founders of Bangkok Ranch Public Co.Ltd including the management, Joseph Suchaovanich and Gertjan Tomassen, acquired 80% stake in Bangkok Ranch Public Co. Ltd. from Navis Capital Partners and Rabo Capital in a management buyout for THB 5.7 billion on January 1, 2013. Navis Capital sold 60% stake and Rabo Capital sold 20% stake held in Bangkok Ranch. The sale did not include China-based duck genetics business Cherry Valley Farms. The subsidiary Duck to Holdings is also involved in this deal. The transaction was partially funded by Siam Commercial Bank and Bangkok Bank of THB 4.1 billion. As a result of the divestments, Navis and Rabo netted approximately 1.81 times the initial investment. Lauren Goble of Ryan Financial Communications acted as PR advisor for Navis. Simon Makinson, Arkrapol Pichedvanichok, Sarah Canning-Jones, Chris Burkett, Sarayut Jitprasertngam, Suthida Chettasiripong and Pannalin Jantadee of Allen & Overy LLP acted as legal advisors for Navis Capital Partners. Pakdee Paknara and Passawan Navanithikul of Weerawong, Chinnavat & Peangpanor acted as legal advisors for Joseph Hsu and Gertjan Tomassen. Siam Commercial Bank acted as financial advisor in the transaction.
A consortium led by Founders of Bangkok Ranch Public Co.Ltd including the management, Joseph Suchaovanich and Gertjan Tomassen, completed the acquisition of 80% stake in Bangkok Ranch Public Co. Ltd. from Navis Capital Partners and Rabo Capital in a management buyout on January 1, 2013.
Bangkok Ranch Public Company Limited is a Thailand-based company, which is principally engaged in animal feed, farms for breeding and raising ducks for meat, duck slaughtering and the production of processed foods and by-products for distribution in local and overseas markets. The Companyâs segments include animal feed, duck farm, hatchery, duck slaughterhouse & by-products and food products in Thailand; international business center; duck farm, duck slaughterhouse and duck meat trading in the Netherlands and duck meat trading in Singapore and Hong Kong SAR. The Company runs the duck farms, hatcheries, feed mills and distribution center located in Chonburi, Rayong, Singburi, Udonthani, Petchabun, Sa Kaeo, Chachoengsao and Chiang Mai. Its subsidiaries include Anatis Foods Limited, BR Agriculture Co., Ltd, BM Agriculture Co., Ltd., BR Investment (Hong Kong) Co., Ltd. NS Delicatessen Co., Ltd., Crowned Eagle Co., Ltd. and Winthai Food Co., Ltd.
A consortium of investors led by Founders of Bangkok Ranch Public Co.Ltd including the management, Joseph Suchaovanich and Gertjan Tomassen, acquired 80% stake in Bangkok Ranch Public Co. Ltd. from Navis Capital Partners and Rabo Capital in a management buyout for THB 5.7 billion.