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Task 2 - Process Letter Summary (Aman Upadhyay)

The document outlines the key dates and workstreams for an auction process involving the sale of HappyHour. It details two rounds: an Indicative Bid Phase from March 19th to May 13th involving initial due diligence and bid questions, and a Final Bid Phase from Late May to Late July for shortlisted bidders involving additional review and management presentations, culminating in a final bid deadline. The workstreams focus on information sharing, valuation analysis, financing discussions, and fulfilling regulatory requirements to progress through each phase of the auction.

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Aman Upadhyay
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209 views

Task 2 - Process Letter Summary (Aman Upadhyay)

The document outlines the key dates and workstreams for an auction process involving the sale of HappyHour. It details two rounds: an Indicative Bid Phase from March 19th to May 13th involving initial due diligence and bid questions, and a Final Bid Phase from Late May to Late July for shortlisted bidders involving additional review and management presentations, culminating in a final bid deadline. The workstreams focus on information sharing, valuation analysis, financing discussions, and fulfilling regulatory requirements to progress through each phase of the auction.

Uploaded by

Aman Upadhyay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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CONFIDENTIAL

Overview of auction process and key workstreams

Date Event Key workstreams


Mar 19, 2020 Commencement of Indicative Bid Phase  Provide detailed information to HappyHour for the information they
Release of Indicative Bid Documents have demanded
 Conduct initial due diligence based on Indicative Bid Documents
 Maintain Q&A log (not more than 20)
From 9am Apr 9, 2020 to Lodgment of Indicative Bid Questions  Conduct initial valuation analysis based on Indicative Bid
Round 1: 5pm Apr 13, 2020 (HKT) Documents
Indicative Bid
 Confirm buyer entity (if any co-investor)
Phase
 Initiate financing discussion
May 13, 2020 at 5pm(HTK) Indicative bid deadline  Confirm if any internal and regulatory approvals needed

Late May 2020 Release of Process Letter two If selected to Final Bid Phase, Following Workspace will take place:
Shortlisted Bidder will be chosen to progress to Final  Review of process letter 2;
Bid Phase  Review of data;
 Presentations from HappyHour’s management team;
 An additional question and answer process; and
 Transaction implementation documentation.

Round 2: Final
Bid Phase Late July 2020 Final Bid Deadline

 Submitting final bid involves all associated paperwork and anything else
required to accomplish a successful attempt of final bidding.

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