Patraporn Milindasuta

Senior Partner

E patraporn@thecapitallaw.com

Patraporn Milindasuta, is a Senior Partner at The Capital Law Office with over 35 years of extensive experience in capital markets, mergers and acquisitions and corporate governance. She has led significant domestic and international securities offerings under Rule 144A/Regulation S under the U.S. Securities Act, Thai securities law, and major takeover transactions, as well as advising clients on complex issues on Corporate Governance. She is well reputable to be recognized as a solution provider for the clients in the difficult and complicated transactions. Widely recognized in Capital Markets and Mergers & Acquisitions, she actively advises listed companies on Thai Securities and Exchange Act including SEC and SET regulatory matters. Her longstanding contributions include roles in securities law reforms and corporate governance developments. She had been served, for years, as a member of the SEC’s Equity Offering Regulation Committee, the SEC’s Takeover Regulation Committee, and as Chairperson of the Thai Company Secretary Club of the Thai Listed Companies Association. She is also a subcommittee a member of the SEC’s Takeover Panel, shaping regulatory frameworks in Thailand.

Education

  • LL.M., Chulalongkorn University, 1989
  • LL.B., Thammasat University, 1984

Other Qualifications

Barrister-at-law, Thai Bar Association

Recent Accolades

  • Ranked Band 2 in Capital Markets by Chambers and Partners Asia-Pacific, 2024-2025
  • Ranked Band 3 in Capital Markets by Chambers and Partners Asia-Pacific, 2020-2023
  • Recommended Lawyer in Capital Markets by The Legal 500 Asia Pacific, 2021-2022, 2024-2025
  • Recommended Lawyer in Corporate and M&A by The Legal 500 Asia Pacific, 2019, 2024-2025
  • Highly Regarded Lawyer by IFLR1000, 2024
  • Notable Practitioner by IFLR1000, 2021-2022
  • Distinguished Practitioner by Asialaw, 2021-2022, 2024
  • Recognized in A-List of Thailand’s Top 100 Lawyers by Asia Business Law Journal, 2024

Language

Thai, English

Highlight Representation

Represented PTT Natural Gas Distribution Company Limited (a subsidiary of PTT Public Company Limited) in its acquisition of 50% of the issued shares in Gulf WHA MT Natural Gas Distribution Company Limited, comprising the acquisition of 35% of the shares from Gulf Energy Development Public Company Limited and 15% from MITG (Thailand) Company Limited.

Represented Thanachart Capital Public Company Limited and Thanachart Bank Public Company Limited on a business merger with TMB Bank Public Company Limited (TMB Bank) to become the 6th largest bank in Thailand. Advice included, due diligence on TMB Bank and subsidiary; group restructuring; all agreements; obtaining approval/consent/exemptions from Thai authorities; preparing corporate documents-disclosures; closing and post-closing work, with a transaction value of THB 168.30 billion (approximately USD 5.1 billion) – represents the Thai banking industry’s largest merger to date. This deal was awarded “M&A Deal of the Year” by the Stock Exchange of Thailand.

Represented Central Retail Corporation Public Company Limited in an IPO/listing on the Stock Exchange of Thailand (SET), and an international offering under Rule 144A/Regulation S, including a tender offer/share swap for delisting Robinson Public Company Limited, with a transaction value of THB 78.1 billion (approximately USD 2.37 million) which in Thailand’s largest IPO by market capitalization to date. This will be the first IPO/share swap, delisting combined in one transaction.

Represented Boon Rawd Supply Chain Company Limited (BRS), one of the Thai major business operators in the supply chain solution and full cycle of logistics sectors, and the sophisticated founders of Pongrawe Company Limited (PRW) as the deal counsel in the share swap transaction through the entire business transfer scheme resulting in that BRS became a major shareholder in PRW, with an aggregate transaction value approximately THB 1.4 billion (approximately USD 42.4 million).

Represented CVC Capital Partners, a British-based private equity/credit organization and Equity Partners Limited in the cross-border acquisition of a 50% stake in Ngern Tid Lor Co., Ltd., a wholly-owned subsidiary of Bank of Ayudhya Public Company Limited, with a transaction value of THB 7.6 billion (approximately USD 230 million).

Represented Pluk Phak Praw Rak Mae Public Company Limited, a company specializing in organic farming, which grows and distributes high-quality vegetables and fruits while focusing on sustainability and supporting both local and international markets, in an IPO/listing on the Stock Exchange of Thailand (SET), with a transaction value of THB 1.06 billion (approximately USD 32 million).

Represented Innobic (Asia) Company Limited (INBA), a wholly-owned subsidiary of PTT Public Company Limited, in the acquisition of 20% of the total issued shares in Inter Pharma Public Company Limited by Innobic LL Company Limited (INBL), with a transaction value of approximately THB 1.043 billion (approximately USD 31.6 million).

Represented Lakeshore Capital Partners Company Limited and other sophisticated investors on the disposition of 100% equity interest in NBD Healthcare Co., Ltd. and three subsidiaries, a Thailand's manufacturer, importer and distributor of health and consumer product brands, through an auction process, with an aggregate transaction value of approximately THB 5.6 billion (approximately USD 170 million).

Represented SCG Décor Public Company Limited, in an IPO/listing on the Stock Exchange of Thailand (SET), with a transaction value of THB 18.975 billion (approximately USD 575 million), which marks the largest IPO on the SET for the year 2023, including a strategic tender offer/ share swap for the delisting of SCG Ceramics Public Company Limited.

Represented Abacus Digital Company Limited (formerly known as SCB Abacus Company Limited) for its Series B fundraising participated by its sophisticated existing investors, with an aggregate transaction value of approximately THB 705 million (approximately USD 21.36 million)

Represented Mizuho Asia Partners Pte. Ltd., KKP Securities Public Company Limited and other sophisticated investors in the acquisition of 100% shares in ISS Facility Services Company Limited, a company within ISS Group of Companies in Denmark, with a transaction value of approximately THB 3.5 billion (approximately USD 106 million).

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