B. Grimm Power’s $340 million Initial Public Offering


Shearman & Sterling advised B. Grimm Power Public Company Limited (B. Grimm Power) in connection with its US$340 million initial public offering and listing of its shares on the Stock Exchange of Thailand (the SET).

CIMB Securities (Singapore) Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch acted as the joint international coordinators, bookrunners and lead managers. Bualuang Securities Public Company Limited, Kasikorn Securities Public Company Limited and Phatra Securities Public Company Limited were the joint domestic coordinators, bookrunners and lead managers of the offering.

B. Grimm Power is a Thailand-based energy company with a focus on the development, construction and operation of greenfield power plants. It is also one of the largest private power producers in Thailand in terms of small power producer operators by installed capacity.

The Shearman & Sterling team was led by partner Andrew Schleider (Picture) (Singapore-Capital Markets), with support from associates Jeremy Wang (Singapore-Capital Markets) and David Wallace (Hong Kong-Capital Markets).

Involved fees earner: Andrew Schleider – Shearman & Sterling; Jeremy Wang – Shearman & Sterling; David Wallace – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: B. Grimm Power Public Company Limited;