Billionaire clan is said to weigh $2 Billion Thai Summit SaleThai Summit Group, the Southeast Asian country’s largest auto-parts manufacturer, is weighing a sale of its business amid mounting pressure from the global shift to electric vehicles, political uncertainty and family succession gaps, according to people familiar with the matter. Multiple global investment banks have recently renewed pitches to the Juangroongruangkit family that owns the company, for a disposal that could fetch between $1.5 billion to $2 billion, the people said, asking to not be identified because the information is private. The firm has yet to appoint a financial adviser, and early-stage talks might not lead to a mandate. Banks have also floated CVC Capital Partners, Warburg Pincus and Blackstone Inc, among others, to Thai Summit as potential suitors, without making formal approaches, the people said. Thai Summit didn’t responded to multiple emails seeking comment.

Source: Bangkok Post February 05, 2026 03:27 UTC