LS Horizon is winning recognition in the market based on the capability of its partners and the kinds of major mandates it continues to win. "LS Horizon is a rising star among Thai firms," says a partner at a rival firm....
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LS Horizon is winning recognition in the market based on the capability of its partners and the kinds of major mandates it continues to win. "LS Horizon is a rising star among Thai firms," says a partner at a rival firm. "They're known for high-quality work and they are definitely the ones to watch in the market."
The firm has a particular acumen in deals relating to real estate and energy across Southeast Asia, and these relative strengths are represented in many of the firm's major mandates in the capital markets and M&A sectors. In 2010, the capital markets team represented Asian Property Development in its issue of Bt1 billion (approximately $32 million) of debentures.
In an energy-related equity offering, the team worked with its Laos office to represent large state power generation provider EDL in relation to its power generation sector privatization and restructuring. The firm advised EDL-Gen in its Laos IPO, which raised NK931.9 billion ($115 million). The transaction marked the first time that a Laos PDR public company was listed and traded on Laos' LSX securities market.
As with the capital markets practice, LS Horizon is also becoming a growing presence when it comes to public and private domestic and cross-border M&A. One of last year's key mandates was representing SPSU in relation to the Bt669.92 million ($22 million) disposition of 17% of its shares in Thai Suzuki and delisting SPSU's shares from the Stock Exchange of Thailand.
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Clients only have positive things to say about their work with LS Horizon. "The firm has provided good services," says one client "and the relationship with our company is excellent....
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Clients only have positive things to say about their work with LS Horizon. "The firm has provided good services," says one client "and the relationship with our company is excellent."
One of the team's most major mandates this year was advising Hongsa Power in relation to a $2.7 billion financing for the development of the 1,878MW Hongsa Thermal Mine-Mouth Power Plant in Lao PDR. This was one of the largest ever financings in Thailand's history-and the multi-tranched, multi-currency facility was sponsored by a syndicate nine of the top Thai banks.
The team also recently advised Solar Power (Sakon Nakorn 1) in relation to a Bt2 billion ($67 million) financing. The financing was provided by Kasikornbank to support the development and construction of several solar farms, which will each generate 6MW of power under the very small power producer policy. These plants are part of Solar Power Group's larger plan to manage 34 solar projects across Thailand in line with the Thai government's green energy plan.
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