Baker Tilly's M&A business
hitting its stride in Thailand
SOMRUEDI BANCHONGDUANG
The formation of the Asean Economic
community(AEC)late nextyearandThailand's established infrastructure system have hlped to double outbound and inbound merger and acquisiton(M&A)deals by Baker Tilly Corporate Advissory Services(Thailand)this year.
The tax and accounting specialist said Thailand's geographical advantage in Asean had led to several multinationalcompanies using the country as a base for expansion to capitalise on the huge growth potential from the imminent integrated market.
This is the reason for the flood of M&A deals here through both direct and indirect
investments, managing partner Warwick Kneale said in an exclusive interview with the Bangkok post.
However,he declined to reveal the exact number of such deals.
Mr Kneale expects Baker Tilly Thailand's overall revenue will increase by 20% this year, while fee-based revenue from M&A advissory services will enjoy significant growth of 50%.
The vibrant frontier