To: Anna
From: From Saurabh
Subject: Summary of Potential M&A Targets for Carlos
Hi anna
I hope this email finds you well. I've reviewed the transcript of our call with the Hong Kong Director and your
notes on the potential M&A targets for Worldwide Brewing Co. Based on our discussion, here's a concise
description of each company and whether they are appropriate to share with Carlos as potential M&A targets:
Company Description
HappyHour 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.
Strong presence in Indonesia,
Spirit Bay Singapore, and Malaysia.
Significant EBITDA growth of
40% pcp to US$400mm in
FY2020.
Operations across Malaysia,
Singapore, Indonesia, Japan,
Korea, and Cambodia. EBITDA
Hipsters' of US$200mm in FY2020, up
Ale 15% pcp.
Market leader in Malaysia.
EBITDA of US$800mm in
Brew Co. FY2020, down 5% pcp.
Wide geographic presence
across Asia-Pacific. EBITDA of
Bevy's US$250mm in FY2020, up
Direct 20% pcp.
Best Regards,
Saurabh Mirchandani
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.
Complementary market Recommend with caution
presence with potential
synergies. However, the
ownership structure, with 60%
owned by a Global Sponsor, may
complicate acquisition.
Diverse market presence with Consider
potential for expansion.
However, the ownership
structure involving 30
independent breweries may
pose challenges for acquisition.
Strong market position in target Consider with caution
region. However, listed on the
Malaysian stock exchange with
institutional shareholders may
complicate acquisition.
Extensive market coverage with Recommend
potential for synergies.
However, the ownership
structure by one family may
simplify acquisition.