Scribd
Upload
92 views

Task 1 - Email Template v2

Akshat provides descriptions and recommendations for potential M&A targets for WorldWide Brewing. He analyzes HappyHour Co., Spirit Bay, Hipsters' Ale, Brew Co., and Bevy's Direct. He recommends HappyHour Co., Spirit Bay, and Hipsters' Ale as they operate in similar segments to WorldWide Brewing across multiple countries, suggesting strategic benefits and synergies. He also recommends Bevy's Direct as it operates in a range of APAC countries and has a simple ownership structure. However, he does not recommend Brew Co. due to its limited geographical reach and operations only in manufacturing in Malaysia.

Uploaded by

aKSHAT sHARMA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
92 views

Task 1 - Email Template v2

Akshat provides descriptions and recommendations for potential M&A targets for WorldWide Brewing. He analyzes HappyHour Co., Spirit Bay, Hipsters' Ale, Brew Co., and Bevy's Direct. He recommends HappyHour Co., Spirit Bay, and Hipsters' Ale as they operate in similar segments to WorldWide Brewing across multiple countries, suggesting strategic benefits and synergies. He also recommends Bevy's Direct as it operates in a range of APAC countries and has a simple ownership structure. However, he does not recommend Brew Co. due to its limited geographical reach and operations only in manufacturing in Malaysia.

Uploaded by

aKSHAT sHARMA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

To: Anna

From: Akshat
Subject: Potential M&A targets from Worldwide Brewing

Hii Anna,

Below are my descriptions and recommendations for potential M&A targets for WorldWide Brewing.

Company Description Relevance to WorldWide Recommendation


Brewing

HappyHour HappyHour Co. is the largest It has similar operations to Recommend


Co. player in Singapore and WorldWide Brewing across the
Malaysia, in the segments of same segments and is the
beer, spirits and non- leading player in Singapore and
alcoholic beverages. Its Malaysia, suggesting the
operations include potential for strategic benefits
manufacturing facilities, and synergies. It has solid
distribution and direct sales financial results and an
and it has demonstrated ownership structure that is
strong growth in EBITDA in owned by 3 families, rendering a
FY2020 which was up 20% potential acquisition relatively
pcp and amounted to simple and feasible. HappyHour
US$300mm. Co. would be appropriate to
share.
Biggest Player in Indonesia WorldWide Brewing across Recommend
Spirit Bay and number 2 in Singapore same segments.
and Malaysia in segments of Leading player in Indonesia, and
beer, spirits and non- #2 in Malaysia and Singapore
alcoholic beverages. Their suggests strategic benefits and
operations include synergies over several different
manufacturing in Indonesia, countries. Has strong financial
distribution, and direct sales. results with very strong growth.
Very strong EBITDA growth, The company is owned by Global
up by 40% pcp amounted to sponsor and employees with
US$400mm. 60/40 split. This acquisition
would be relatively simple. Spirit
Bay would be appropriate to
share.
Hipsters’ Operates in Malaysia (HQ), Hipsters Ale operates in only 2 Recommend
Ale Singapore, Indonesia, Japan, segments of beer and spirits.
Korea, Cambodia in the However, it covers several
segments of beer and spirits. different countries that could
Manufacture from have a potential strategic
microbreweries in each benefit and synergies. This is in
region, cover distribution and line with the aims of WorldWide
direct sales. Solid EBITDA of Brewing. Hipsters’ Ale also have
US$@200mm up 20% pcp solid financials. The ownership is
more complicated with 30
independent breweries that may
make the acquisition more
complex. However, given the
strategic aim this opportunity
would be appropriate to share.
Brew Co. Operates in Malaysia (HQ) in Limited reach geographically Do not recommend
the segments of beer and (only Malaysia) and operations
spirits operations only are only manufacturing
consisting of manufacturing (although #1 alcohol
facilities in Malaysia. Large manufacturer in Malaysia).
EBITDA of US$800mm down Owned largely by institutional
5% pcp. investors and is listed on the
Malaysian stock exchange – due
to the dispersed ownership the
acquisition would be more
complex. Hence, due to limited
strategic and operational benefit
it would not be appropriate to
share.
Operates in Singapore (HQ), Operates in similar segments to Recommend
Bevy’s Malaysia, China, Indonesia, WorldWide Brewing but only in
Direct Japan, Korea, Cambodia, wholesale distribution. Operates
Australia, New Zealand in the in a range of APAC countries
segments of beer spirits and which can provide a srong
non-alcoholic beverages in financials, and the ownership is
wholesale distribution only. one family which will make the
Strong EBITDA US$250mm up acquisition simpler. Bevy’s
20% pcp. Direct would be appropriate to
share.

Please let me know if you have any further questions.

Kind regards,
Akshat Sharma

You might also like