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8 views

Task 2 Template

Uploaded by

432Kriti Rani
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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CONFIDENTIAL

HappyHour Co. Company Profile


Details about the Company

Overview Key financials


•Headquarters: Singapore
•Operations: Singapore, Malaysia, China
•Products: Beer, Spirits (Vodka, Tequila), Non-Alcoholic Beverages (Soft Drinks, •Revenue: US$1,071mm
Tea, Water, Functional Beverages) •EBITDA: US$300mm
•Market Position: •Net Profit After Tax (NPAT): US$193mm
•#1 in Beer and Spirits in Singapore and Malaysia •EBITDA Margin: 28%
•#1 in Non-Alcoholic Beverages in Malaysia •Net Profit Margin: 18%
•Manufacturing: Founded: 1975
•Owns facilities in Singapore and China, outsources to Brew Co. in Malaysia
•Growth Strategy: Recent expansion into China and plans for new bottling
facilities in Cambodia

Shareholders Indicative valuation


•Happy Family (Ms. Happy): 60% •Preliminary Valuation: US$3,500mm
•Hour Family: 20% •EV/EBITDA Range: 10.0x – 11.5x
•Co Family: 20%
•Sale Rumors: Ms. Happy is considering selling her stake but wishes to
remain involved post-sale

Source:

1
CONFIDENTIAL

Overview of auction process and key workstreams

Date Event Key workstreams


March 19, 2020 Access to Information Memorandum and Review the Information Memorandum, financial forecast and
documents vendor due diligence reports

Submit upto 20 questions to SellerAdvisorCo for clarification on


April 9-13, 2020 Q&A Process for Bidders key points
Round 1:
Indicative Bid
Phase Submit Indicative Bid including:
- Purchaser identity and financial condition
May 13, 2020 Indicative Bid Submission Deadline (5pm - Purchase price
HKT)
- Valuation methods and assumptions
- Due diligence needs and transaction timeline
Late May 2020 Issue of Process Letter Two Review additional materials and begin final due diligence process

Round 2: Final Submit a legally binding Final Bid including:


Bid Phase Late July, 2020 Final Bid Submission Deadline - Final purchase price
- Transaction structure and integration plan
- Final terms and conditions
- Complete due diligence

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