Hunton & Williams (Thailand) Limited Represented Thai Union Frozen Products in 'Best Thailand Deal in 2010'

BANGKOK — 15 December 2010 — Hunton & Williams (Thailand) Limited represented Thai Union Frozen Products in its acquisition of France's MWBrands for THB 28.5 billion (USD 883 million, EUR 680 million) from Trilantic Capital Partners (TUF), formerly the private equity arm of the now-defunct Lehman Brothers. The transaction now has been named "Best Thailand Deal in 2010" by FinanceAsia, a magazine that covers Asia's fast-moving financial and capital markets.

FinanceAsia says: "the deal represents the classic M&A situation which has emerged after the financial crisis — a private equity firm trying to make a profitable exit selling to an Asian buyer with global ambitions, which is based in a country whose domestic banking system is flush with cash."

The merger — one of the largest cross-border M&A transactions ever conducted by a Thai company —will add processing plants in France, Portugal, the Seychelles and Ghana to TUF's existing processing facilities in Thailand, Indonesia, Vietnam and the United States, making it one of the few seafood companies worldwide with sales, production and leading brands across Asia, the United States and Europe.

The Hunton & Williams capital markets team was led by Manida Zinmerman and included Stephen Bennett, Wongsakrit Khajangson, Somruetai Noppornprom, and legal assistant Tanagorn Thimasarn.

Hunton & Williams offers clients a fully integrated team of lawyers for cross-border capital markets transactions, including lawyers with local law knowledge in the UK, the United States, Hong Kong, Thailand and China.