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Task 1 - Email To Anna

task 1 Virtual internship JP morgan

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naveen mahesh
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29 views

Task 1 - Email To Anna

task 1 Virtual internship JP morgan

Uploaded by

naveen mahesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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To: Anna

From: Naveen M
Subject: Potential M&A Targets for Worldwide Brewing

Hello Anna,

I listened in on the call with the Director from our Hong Kong once where I’ve potential
targets for World Wide Brewing Co were discussed and have prepared a summary that
includes a brief description of each company and my comments on whether they are
appropriate to share with Carlos.

Company Description Relevance to World Wide Recommendation


Brewing

Happy Happy Hour Co. is the It has similar operations to RECOMMENDED


Hour Co. largest player in World Wide Brewing
Singapore and Malaysia, across the same segments
in the segments of beer, and is the leading player in
spirits and non-alcoholic Singapore and Malaysia,
beverages. Its operations suggesting the potential for
include manufacturing strategic benefits and
facilities, distribution synergies. It has solid
and direct sales and it financial results and an
has demonstrated strong ownership structure that is
growth in EBITDA in owned by 3 families,
FY2020 which was up rendering a potential
20% pcp and amounted acquisition relatively
to US$300mm. simple and feasible. Happy
Hour Co. would be
appropriate to share.
Largest player in Its segments and operations RECOMMENDED
Indonesia and Number 2 would be appropriate
Spirit player in Singapore and strategically. The relatively
Bay Malaysia in the distributed ownership with
segments of Beer spirites 60%of the company owned
and non-alcoholic by Global Sponsor and
beverages. 40% owned by employees
Their operations include would reduce simplicity
manufacturing in but it would sell be
Indonesia ,distribution, appropriate to share given
and direct sales .Very its market position in
strong EBITDA Singapore, Malaysia and
growth ,up 40%pcp Indonesia and exceptional
amounted to financial performance.
US$400mm.
Hipsters’ Ale has An acquisition of Hipsters’ RECOMMENDED
Hipster’ locations in Singapore, Ale would make sense
ales Indonesia, Japan, Korea strategically and
and Cambodia and Financially, given its
focuses on beer and relevant segments and
spirits .Its operations operations as well as solid
include manufacturing Financial performance. Its
facilities, distribute on ownership by 30
and direct sales and the independent breweries may
company experienced affect feasibility, though
EBITDA growth of given the suitability
15%pcp to otherwise, it would still be
reachUS$200mm appropriate to share.
(FY2020
Brew Co. is the largest It would not be a good it NOT
alcohol manufacturer in from a strategic expansion RECOMMENDED
Brew Co , Malaysia. Its operations perspective, given it is
include manufacturing Malaysia focused and
facilities only and operates manufacturing
although it had an facilities only. It is listed
EBITDA of on the Malaysian stock
US$800mmin FY2020, exchange which would
this was down 5%pcp increase the complexity of
a potential acquisition
given its dispersed
ownership. As such, Brew
co would not be
appropriated to share

Bevy’s Direct has It has locations spanning RECOMMENDED


Bevy’s locations in Malayisa, across Asia-Pacific and its
Direct China, Indonesia ,Japan, segments are aligned with
Korea, Cambodia, World Wide Brewing. This
Australia and New may make sense from a
Zealand and is a strategic viewpoint for a
wholesale distribution vertical acquisition and
beer, spirits and non- would be simple and
alcoholic beverages. It feasible given it is owned
reported an EBITDA by one family. Bevy’s
ofUS$250mm which Direct would be
was up20% pcp appropriate

Please let me know if you have any questions


Naveen M

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