Baker Tilly's M&A business
hitting its stride in Thailand
SOMRUEDI BANCHONGDUANG
The formation of the Asean Economic
community(AEC)latenextyear and Thailand'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 economies of Cambodia, Laos, Myanmar and Vietnam are catching the eye of foreign investors.
This presents business opportunities in tax, accounting and financial advisory services, and Baker Tilly's Thai unit can serve as a hub for its customers investing in those neighbouring countries.
"Foreign investors are not concerned about the current military regime. They're interested in business opportunities based on Thailand's economic fundamentals,infrastructure facilities and the upcoming AEC,"Mr kneale said.
"Large foreign M%A deals have focused on the local manufacturing sector.
Baker Tilly's M&A businesshitting its stride in ThailandSOMRUEDI BANCHONGDUANGThe formation of the Asean Economiccommunity(AEC)latenextyear and Thailand'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 indirectinvestments, 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 economies of Cambodia, Laos, Myanmar and Vietnam are catching the eye of foreign investors.This presents business opportunities in tax, accounting and financial advisory services, and Baker Tilly's Thai unit can serve as a hub for its customers investing in those neighbouring countries."Foreign investors are not concerned about the current military regime. They're interested in business opportunities based on Thailand's economic fundamentals,infrastructure facilities and the upcoming AEC,"Mr kneale said."Large foreign M%A deals have focused on the local manufacturing sector.
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Baker Tilly's M&A business
hitting its stride in Thailand
SOMRUEDI BANCHONGDUANG
The formation of the Asean Economic
community(AEC)latenextyear and Thailand'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 economies of Cambodia, Laos, Myanmar and Vietnam are catching the eye of foreign investors.
This presents business opportunities in tax, accounting and financial advisory services, and Baker Tilly's Thai unit can serve as a hub for its customers investing in those neighbouring countries.
"Foreign investors are not concerned about the current military regime. They're interested in business opportunities based on Thailand's economic fundamentals,infrastructure facilities and the upcoming AEC,"Mr kneale said.
"Large foreign M%A deals have focused on the local manufacturing sector.
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