Investing in Growth. Responsibly.

The Firm

Founded in 2009, Lakeshore Capital is a leading international private equity firm that focuses on growth businesses in Thailand and the Greater Mekong Sub-region. The firm provides expansion capital to industry-leading companies and works with management teams to grow their businesses. We create value by providing capital as well as business advice on strategy, finance, M&A, operational improvement, recruiting and international expansions.

Lakeshore Capital has a broad range of sectors of interest including, but not limited to, food, retail, consumer products, light manufacturing, healthcare, education, logistics and business outsourcing.

Our management team consists of experienced professionals with backgrounds in management consulting, investment banking, private equity and the corporate sector. We have a thorough understanding of local business practices, capital markets, culture and politics, combined with deep-rooted relationships with business leaders and investors.

Strategy

Lakeshore Capital focuses on investing in the most attractive businesses, partnering with leading companies with strong competitive positions in their respective markets. Lakeshore is exploring investment opportunities across a broad range of industries. Priority, however, will be given to companies in food, retail, consumer products, light manufacturing, healthcare, education, logistics and business outsourcing. Thailand is the geographical focus area for investments but we also consider investment opportunities in the Greater Mekong Sub-region.

Lakeshore looks for companies with the following characteristics:

  • Sustainable market leadership position with further growth potential;
  • Strong operating cash flow and margin expansion potential;
  • Strong, entrepreneurial management team with growth aspirations.

For every investment, the maximization of value is driven by the ability to improve the fundamental business performance.

Lakeshore can assist companies at strategic, financial and operational levels by putting in place, where necessary, new sets of competencies and by driving growth at “just-below-board” level using our dedicated in-house consulting team. Lakeshore can also assist companies on M&A transactions to help accelerate growth as well as add human resource capacity to key functions by sourcing professionals through our extensive network of relationship across multiple industries and functions.

ESG

Lakeshore Capital believes that the management of environmental, social and governance (ESG) issues is essential to long-term success of businesses. We are committed to investing responsibly by integrating ESG considerations into our investment processes.

In a time of climate change, resource scarcities and rising social pressures, businesses face a growing need for stronger engagement with ESG issues. We believe that doing business sustainably drives positive development outcomes and ultimately improves the long-term competitiveness of the company.

We help our clients adopt sound ESG practices and manage risk. In doing so, we broaden our development impact and encourage transparency and accountability.

Lakeshore Capital is committed to working with our partners to manage ESG factors both through our due diligence process as well as in the management of our investments, through a series of support programs designed to create sustainable value for all stakeholders.

Portfolio

  Our People

The Team

Anotai Adulbhan

Anotai is an expert in turnaround advisory, growth strategy development, commercial due diligence and post-merger integration. Prior to co-founding Lakeshore Capital, he was a partner at L.E.K. Consulting and a country manager at Stern Stewart & Co. and Hay Group. Anotai holds an MBA from Kellogg and a BEng from Chulalongkorn University.

Panaikorn Chartikavanij

Panaikorn co-founded Lakeshore Capital in 2009. He was previously an investment banker at Morgan Stanley and a management consultant at L.E.K. Consulting. Panaikorn worked in Bangkok, Singapore, Jakarta and Manila, where he gained experience across multiple industries. Panaikorn holds an MBA from Kellogg and an MEng from Imperial College.

Supawat Likittanawong

Supawat co-founded Lakeshore Capital with Panaikorn and Anotai. He was a strategy director at Standard Chartered, based in Singapore, and a management consultant at Boston Consulting Group. Supawat is a former public accounts auditor and an expert in family business transformation. Supawat holds an MBA from Darden and a BBA from Thammasat University.

Leonard Cohen

Leonard is an experienced private equity professional having worked in Goldman Sachs’ direct investment team in London and Hong Kong and at Capital Z Asia, a regional PE firm based out of Hong Kong. He also held an M&A role at TOM Group (affiliated with Hutchison Whampoa) and was the CDO of Kempinski Hotels, based in Geneva. Leonard holds a BA from Princeton University and an MSc from the Technical University Berlin.

Siras Sombatsiri

Siras is an experienced finance professional having worked as an investment banker at Phatra Securities and as an investment advisor at Security Global Investors in San Francisco. He led the execution of several M&A transactions and IPOs. Siras holds an MBA from Berkeley-Haas and a BBA from Thammasat University.

Apinut Assawakul

Apinut was the leader of the winning team from Thammasat University in the 2012-2013 Thailand CFA Institute Research Challenge competition. He is an expert in technology and innovations and has interned at dFusion, a digital marketing agency. Apinut holds a BBA (First Class) from Thammasat University.

Wongsakorn Buranaphong

Wongsakorn joined Lakeshore Capital from L.E.K. Consulting. He has a background in engineering, having interned at Toyota Motors and UTAC and led a product development team at Stanford to develop a new medical device for Materna Medical, Inc. Wongsakorn is a King’s Scholarship recipient and holds an MS and a BS from Stanford University. Wongsakorn is a CFA Level II candidate.

Suvichak Thongborisoot

Suvichak joined Lakeshore in 2016 with a broad experience in many industries. He has work experience from Beringea (London), a UK-US growth funding firm, PTTEP and Bangkok Bank. He is also an award winner of Best Analysis from OC&C Consulting Business Case Competition. Suvichak holds an MEng from Imperial College London.

Independent Committee Members

Robert Binyon

Mr. Binyon was the Chairman of various private equity funds of Aureos Advisors Limited in Southeast Asia, China and Central and South Asia. Mr. Binyon was a Managing Director at CDC and was responsible for financial market investments and CDC’s regional private equity funds. He then moved to Southeast Asia in 2000 to manage the Asia Pacific Region for CDC. Prior to CDC, Mr. Binyon was a joint Chief Executive and Managing Director of Tokai Bank Europe. He currently holds a number of other non-executive directorships in the region, in Africa and in the UK. Mr. Binyon graduated from Christ Church, Oxford.

Aung Htun

Mr. Htun is the Managing Director of Myanmar Investments, an AIM-listed company. He was the founder and Executive Chairman of Thai Strategic Capital Management, a Thailand-centric buyout firm. He led the acquisition of several landmark deals, including B-Quik and Wuttisak Clinic. Mr. Htun founded Seamico in 1988 and became CEO of the corporate advisory firm focusing on capital raising and M&A advisory. The company listed on the SET in 1995. At Seamico, Mr. Htun successfully set up Thailand’s first venture capital fund with the support of Suez Asia Development Capital (later called APAC) and Rockefeller & Co. Mr. Htun graduated from Imperial College.

Yoshiki Sasaki

Mr. Sasaki is presently serving as CEO of Japan Strategic Capital and President of Human Life Management, alongside various directorships. Mr. Sasaki spent most of this career at Japan Asia Investment Co., Ltd (JAIC), joining in 1990 before retiring as Senior MD in 2008 after listing the company on the main board of the TSE. During his tenure, Mr. Sasaki became an Executive Director in 1996 and Managing Director of International Operations in 1998, managing over 100 portfolio companies and overseeing major deals, such as Mitsubishi Chemical Indonesia, Banyan Tree Hotels, Alibaba.com, and Saigon Securities. Mr. Sasaki graduated from Kyoto University.

Recruitment

Should you be interested in discussing career opportunities at Lakeshore Capital,please email

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