Kudun and Partners has successfully led Prima Marine Public Co., Ltd. (PRM), a leading public listed company in Thailand’s integrated marine transport sector, through the acquisition of all equity interest in V.C. Shipping and Services Co., Ltd. (V.C. Shipping), a key player in logistics and shipping valued at THB 200 million.
This acquisition marks a significant strategic investment for PRM, enhancing its fully integrated transportation solutions and expanding its customer base to include global-scale petroleum producers — long-standing clients of V.C. Shipping.
The transaction is distinguished by its complex structure, incorporating several legal and strategic elements to ensure the acquisition was executed seamlessly. A key feature of the deal was the locked-box pricing mechanism, which provided financial certainty by protecting PRM from post-closing financial risks. Additionally, the sale and leaseback of real estate allowed for efficient capital deployment while preserving V.C. Shipping’s operational continuity. These and other carefully negotiated legal and commercial terms were instrumental in the successful completion of the transaction.
The transaction is led by Kom Vachiravarakarn, partner and co-head of the Corporate and M&A Practice, and supported by a team of associates; Natdanai Chitsakdanon, Natthamol Dechpokked, and Thamonwan Koosuwan.
This acquisition not only broadens PRM’s service portfolio but also strengthens its position as a leader in the global marine logistics industry.
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