To: Anna
From: Tamanna
Subject: M&A Targets
Greetings
I hope this email finds you well. Here I am discussing M&A targets for the Worldwide Brewing Co. to consider
while expanding there business in Asia. While, considering all strategic and financial perspectives in favour of
the Worldwide Brewing Co. , i have concluded all the details of the company
Company Description
Happy Hour HappyHour Co. is the largest
Co. player in Singapore and
Malaysia, in the segments of
beer, spirits and non-
alcoholic beverages. Its
operations include
manufacturing facilities,
distribution and direct sales
and it has demonstrated
strong growth in EBITDA in
FY2020 which was up 20%
pcp and amounted to
US$300mm.
Spirit Bay Spirit Bay is the largest in
Indonesia, Singapore and
Malaysia in the segments of
beer, spirits and non-
alcoholic beverages. Its
operations include
manufacturing facilities,
distributions and direct sales
and it has illustrated a rapid
growth in EBITDA in FY2020
which was up 40% pcp and
amounted to US$400mm.
Hipsters’ Hipsters’ Ale has been
Ale expanded to Malaysia,
Singapore, Indonesia, Japan,
Korea and Cambodia in the
segments of beers and spirits.
It’s operations include
manufacture facilities,
distributions and direct sales
and it has illustrated a
potential growth in EBITDA in
FY2020 which was up 15%
pcp and amounted to
US$200mm
Relevance to WorldWide Recommendation
Brewing
It has similar operations to Recommend
WorldWide Brewing across the
same segments and is the
leading player in Singapore and
Malaysia, suggesting the
potential for strategic benefits
and synergies. It has solid
financial results and an
ownership structure that is
owned by 3 families, rendering a
potential acquisition relatively
simple and feasible. HappyHour
Co. would be appropriate to
share.
It has similar operations to Recommend
WorldWide Brewing across the
same segments and is the
leading player in Indonesia,
Singapore, Malaysia and China,
suggesting the potential for
strategic benefits and synergies.
It has solid financial results and
an ownership structure that is
owned 60% by Global sponsors
and 40% by employees,
rendering a potential acquisition
relatively simple and feasible.
Spirit Bay would be appropriate
to share.
It also has similar operations to Don’t Recommend
WorldWide Brewing across the
same segments and is the
leading player in Malaysia,
Singapore and Indonesia,
suggesting the potential for
strategic benefits and synergies.
It has good financial background
and an ownership structure that
is owned by 30 independent
breweries, rendering a potential
acquisition relatively difficult
and unlikely. Hipsters’ Ale would
be not appropriate to share.
 Brew Co. Brew Co. is the largest
alcohol manufacturer in
Malaysia in the segment of
beer and spirits. Its operation
includes manufacturing
facilities only and it has
exhibited impressive growth
in EBITDA in FY2020 which
was up 5% pcp and
amounted to US$800mm.
Bevy’s Bevy’s Direct has been
Direct expanded to Singapore,
Malaysia, China, Indonesia,
Japan, Korea, Cambodia,
Australia and New Zealand in
the segments of beers, spirits
and non-alcoholic beverages.
Its operation includes
wholesale distribution only
and it has proved its growth
in EBITDA in FY2020 which
was up 20% pcp and
amounted to US$250mm.
Warm Regards
Tamanna
It has operations like Don’t Recommend
manufacturing facilities only as
compared to WorldWide
Brewing across the same
segments but they deal in beers
and spirits and is the leading
player in Malaysia, suggesting
the potential for strategic
benefits but have to
compromise in the segment and
operations area. It has solid
financial results and an
ownership structure that is
owned by mostly institutional
shareholders, rendering a
potential acquisition relatively a
little tough. Brew Co. would be
not appropriate to share.
It has operations as wholesale Recommend
distribution only as compared to
WorldWide Brewing across the
same segments and is the
leading player in Singapore and
Malaysia,suggesting problems as
there operational areas are
different. It has solid financial
results and an ownership
structure that is owned by 1
family, rendering a potential
acquisition relatively more
simple and feasible. Bevy’s
Direct would be appropriate to
share.