Baker McKenzie Thailand has successfully represented LINE MAN Wongnai, one of Thailand’s most valuable startups and the leading e-Commerce platform for local businesses and services in Thailand, with the acquisition of all entire issued shares in Living Mobile Co., Ltd., a prominent Thai software company that has revolutionized the Thai restaurant industry with its point-of-sale (POS) system software, among other industry leading software tailored for the food and beverage industry under the brand "FoodStory".
With over 50,000 restaurant operators in Thailand already utilizing Wongnai POS, the inevitable growth of the market coming out of COVID-19 is expected to generate demand for even more supply and innovation. The acquisition of Living Mobile Co., Ltd. will help LINE MAN Wongnai better capture the growing food and beverage market.
Our team at Baker McKenzie assisted LINE MAN Wongnai throughout the entire transaction. Leading this transaction were Partners Preeda Meksrisuwan and Purachate Manussiripen, who were assisted by Associates Wichaya Chatsikharinthorn, Sakuntala Kanjanapaiboon, and Witchayaporn Klaysubun.
Commenting on this transaction, Partner Preeda Meksrisuwan said:
“We are extremely pleased to have assisted LINE MAN Wongnai in this impactful transaction and are all eager to see both entities grow from this acquisition.”