Services

Mergers and Acquisitions

What Is M&A?

Mergers & Acquisitions (M&A) usually refers only to the buying or selling of a business and seldom refers to the merging of companies, which typically involves an entire business transfer or an amalgamation. Other more complex structures, such as reverse takeovers, also involve significant M&A and regulatory work.

Our M&A Capabilities

We navigate the most intricate corporate transactions with precision and strategic foresight. Our team brings deep expertise across the full spectrum of mergers and acquisitions, from initial identification through successful execution.

Why Clients Choose Polygon Prime

Clients choose Polygon Prime because we deliver clear, reliable, and strategically driven solutions grounded in integrity, deep industry insight, and real transaction experience.

  • Integrity-first advisory — transparent, unbiased, and client-focused
  • Solution-focused approach designed to resolve challenges and keep deals moving
  • Industry-specific valuation expertise with precise, defensible outcomes
  • Proven cross-border M&A capabilities across diverse markets
  • Strategic structuring that maximizes opportunities and strengthens positioning
  • Comprehensive, end-to-end support across M&A and corporate finance
  • Proactive issue identification and disciplined execution
  • A confidence-driven process at every stage of the transaction

Why Companies Acquire

Synergies

Acquisitions allow companies to combine operations, reduce overlapping costs, and improve efficiency. Synergies often lead to higher margins and stronger competitive positioning.

Faster Growth

Buying an established business enables immediate expansion without the time, risk, or investment required to build from scratch. It accelerates market entry and scale.

Increase Market Power

Acquiring competitors or complementary businesses strengthens market share, improves pricing power, and enhances influence within the industry.

Gain Unique Capabilities

Companies may acquire specialized technology, expertise, distribution channels, or intellectual property that would be difficult or slow to develop internally.

Diversification

Acquisitions help spread risk by entering new markets, products, or customer segments, making the business less dependent on a single revenue stream.

Tax Benefits

Certain acquisitions offer tax advantages through loss carryforwards, depreciation benefits, or more efficient group structuring.

Unlock Hidden Value

Companies may acquire undervalued businesses where operational improvements, restructuring, or strategic repositioning can significantly increase value.

Mergers & Acquisitions Advisory

We navigate the full spectrum of corporate transactions with precision, expertise, and unwavering commitment to value creation.
1. Sourcing & Strategic Partnerships

Our extensive network of established buyers and sellers gives us unparalleled access to off-market opportunities and qualified counterparties. We combine this proprietary deal flow with rigorous due diligence to identify the right targets, strategic partners, and joint venture opportunities—ensuring alignment of strategic objectives, cultural fit, and value creation potential from the outset.

2. Acquisitions & Dispositions

Whether you’re expanding through acquisition or divesting non-core assets, we structure transactions that optimize valuation, manage regulatory complexities, and ensure seamless integration or separation. Our experience spans domestic and cross-border deals across multiple sectors.

3. Delisting Transactions

Taking a company private requires navigating complex securities regulations, minority shareholder rights, and valuation disputes. Delisting transactions involve significantly more than traditional tender offers—requiring multiple layers of compliance and procedural steps that demand specialized expertise to successfully close. We structure delisting transactions that satisfy regulatory requirements while maximizing value for all stakeholders.

4. Reverse Takeovers & Backdoor Listings

For companies seeking public market access without traditional IPO costs and timelines, we execute reverse takeover transactions that provide efficient capital markets entry while managing regulatory compliance and disclosure obligations.

5. Amalgamations & Entire Business Transfers

Corporate amalgamations involve intricate legal, tax, and operational considerations. Beyond tax optimization, these transactions require careful navigation of valuation complexities and structural arrangements tailored to meet specific shareholder objectives. We structure these combinations to address tax efficiency, valuation alignment, and bespoke deal structures while ensuring seamless transition of all assets, liabilities, contracts, and operations.

6. Leveraged & Management Buyouts

LBOs and MBOs require sophisticated capital structuring and alignment of management incentives. We arrange financing, negotiate terms with lenders and investors, and structure equity packages that position management teams for success while meeting investor return requirements.

7. Distressed Asset Sales

Time-sensitive distressed situations demand swift action and creative solutions. Selling loss-making companies presents unique challenges that require specialized expertise—yet we have successfully closed multiple such transactions. Our deep understanding of distressed buyers, value extraction points, and market appetite allows us to identify the right counterparties who see opportunity where others see only risk. We work with creditors, insolvency practitioners, and potential buyers to maximize recovery value through accelerated sales processes, restructurings, or asset liquidations.

8. M&A Tax Planning

Tax efficiency can significantly impact transaction economics and shareholder returns. We structure deals to minimize income tax exposure, optimize holding structures, utilize available reliefs and exemptions, and ensure compliance. Our strategic tax planning approach identifies opportunities to preserve value that might otherwise be lost to unnecessary tax obligations.

Thinking of Selling, Buying, or Merging?
Polygon Prime offer Consultation
Whether you’re preparing to exit or looking for the right acquisition target, our team will help you explore the right strategy and opportunity.
Our Team M&A Successes

Masterpiece

Masterpiece

Financial Advisor

Acquisition of Kin corporation Co., Ltd by masterpiece Style Plc. (MASTER)

Value: THB 160 m

Time: 2023

Masterpiece

Masterpiece

Financial Advisor

Acquisition of Dr. Chen Surgery Hospital by Master Style Plc. (MASTER)

Value: THB 94.2 m

Time: 2023

Unicharm Corporation

Unicharm Corporation

Financial Advisor

Acquisition of DSG Cayman Limited the holding company of DSGT

Value: ~ US$ 530,000,000

Time: September 2018

Nisshin Flour Milling

Nisshin Flour Milling

Sole Financial Advisor

Acquisition of Pacific Flour Mill’s Asset by Nisshin-STC Flour Milling

Value: Undisclosed

Time: March 2018

Hitachi Chemical

Hitachi Chemical

Financial Advisor

Acquisition of Thai Storage Battery PCL. By Hitachi Chemical

Value: ~ US$ 165,000,000

Time: June 2017

Itochu Corporation & Fuji Media

Itochu Corporation & Fuji Media

Financial Advisor

Acquisition of strategic stake in TV Direct PCL

Value: ~ US$ 3,900,000

Time: September 2014

Teva Plc.

Teva Plc.

Financial Advisor

Acquisition of 100% stake in Silom Medical Company Limited

Value: ~ US$ 100,000,000

Time: April 2014

Mitsui & Co.

Mitsui & Co.

Financial Advisor

Shares and warrants acquisition of 16.67% in KBS

Value: ~ US$ 38,300,000

Time: February 2013

SJWD

SJWD

Financial Advisor

Acquisition of Swift haulage berhad (SWIFT) by SJWD logistic

Value: ~ THB 850,000,000

Time: 2024

Toray Textile Thailand

Toray Textile Thailand

Sole Financial Advisor

Amalgamation of Lucky Tex Industries and Thai Toray Textile Mill into Thai Toray Textile

Value: ~ US$ 388,800,000

Time: June 2019

Mitsui & Co.

Mitsui & Co.

Financial Advisor

60% divestment of TIW shares by Mitsui & Co.

Value: ~ US$ 19,700,000

Time: 2014

Indoguna

Indoguna

Financial Advisor

100% divestment of Indoguna shares by KCG Corporation

Value: undisclosed

Time: 2021

Nahm sanitary

Nahm sanitary

Financial Advisor

100% divestment of Nahm shares by Villeroy & Boch

Value: undisclosed

Time: 2008

DTC Enterprise

DTC Enterprise

Financial Advisor

Acquisition of a strategic stake in DTC Enterprise by Yazaki Energy Systems

Value: ~ US$ 4,600,000

Time: June 2018

Nakhonchaiair

Nakhonchaiair

Financial Advisor

Acquisition of Nakhonchaiair 100% shares by BTS holding group

Value: ~ Baht 1,500,000,000

Time: June 2022

Hesco Food Industry

Hesco Food Industry

Financial Advisor

100% Divestment of share from the original shareholders to Singha Corp.

Value: Undisclosed

Time: June 2013

FSN

FSN

Financial Advisor

134.72% divestment of YDM Thailand shares by FSN Asia Private Limited

Value: undisclosed

Time: 2025

Mr. Vorapote and Mr. Suppachak

Mr. Vorapote and Mr. Suppachak

Financial Advisor

Share acquisition of SKY ICT via Voluntary Tender Offer

Value: ~ US$ 4,700,000

Time: May 2017

Dr Prasit Kanchanasakdichai

Dr Prasit Kanchanasakdichai

Financial Advisor

Mandatory Tender Offer of TIW

Value: ~ US$ 19,700,000

Time: July 2014

RHB Capital Berhad

RHB Capital Berhad

Financial Advisor

Tender Offer under Chain Principle and tender offer of OSK Securities (Thailand)

Value: ~ US$ 3,000,000

Time: December 2012

Malayan Banking Berhad

Malayan Banking Berhad

Financial Advisor

Share acquisition of Kim Eng Securities (Thailand) pcl via Mandatory Tender Offer

Value: ~ US$ 70,000,000

Time: July 2011

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