[Video] 2iB Partners Speaks at Southeast Asian M&A and Corporate Investment Conference 2017

[Video] 2iB Partners Speaks at Southeast Asian M&A and Corporate Investment Conference 2017

In the above video, Managing Director of 2iB Partners, Mr. Yang Yen Thaw delivers a 50 minute speech on Legal issues in cross-border Mergers & Acquisitions (M&A) and a new approach to M&A.

2iB Partners formed part of a repertoire of experts hailing from MNCs, mainstream banks, advisory firms and funds with substantial AUM.

 

 

Speaker line-up included:

Sanjay Mathur Chief Economist – Southeast Asia and India ANZ Bank
Sikh Shamsul Ibrahim Investment Director Malaysian Investment Development Authority (MIDA)
Greg Ohan Director Jones Lang Laselle, Vietnam
Hector Wang Investment Director China-ASEAN Investment Cooperation Fund
Edwin Vanderbruggen Senior Partner VDB Loi Co.,Ltd
Jonathan Fein Vice President BDA Partners
Ryoichi Nishizawa Head of M&A Advisory Mitsubishi Corporation
Yang Yen Thaw Managing Director 2iB Partners
Kevin Murphy Managing Director Andaman Capital Partners

Panelists include:

Kate Holgate Partner and Head Brunswick Singapore
Aaron Howell Managing Director Rothschild
Robert Rosen Co-CEO Kenon Holdings
Kala Anandarajah PBM Head Competition & Anti-trust and Trade Rajah & Tann
Dag Ove Solsvik Head of Group Legal, Middle East and APAC DNV.GL

The room was filled with more than a hundred people representing big listed companies, billion dollar funds and conglomerates from all sectors taking a strategic interest in the Southeast Asian region.

 

Mr. Yang Yen Thaw addressing “Why M&As go Wrong”.

Legal strategy in M&A

Mr. Yang Yen Thaw engaging the audience in an open floor discussion. CoAggregation® in action!

Message from the Director:

2iB Partners continues to build its reputation and broaden international networks with MNCs, strategic buyers, listed companies, funds and networks in US, UK, China, India, Phillipines, who have taken a strategic interest in the Southeast Asian market. We also understand that there are a significant number of small and medium enterprises (SMEs) in the region that are looking to scale up and regionalize in SEA or gain market access into China.

With regards to these 2 different channels of companies, we have the appropriate networks and expertise to assist them with their expansion plans whether through joint ventures, inorganic growth or general business consultancy. We see ourselves in a strategic position to assist these stakeholders in their internationalization and growth plans in or out of the region through Singapore.

From a macroeconomic perspective, the ASEAN story is generally positive and is one of the fastest growing regions with projected 4.9% GDP growth this year compared to projected global growth of 3.5%. Fast growing Myanmar is also projected for a growth of 7.5% next year, though for this country, regulations may slow the advancement of certain sectors. The ASEAN growth is projected to outperform that of global growth rate for the foreseeable future with relative political stability and increased connectivity in terms of both investment and trade.

Global trade has also re-emerged and as a result, Asia, that is the most export dependent has benefited substantially. Indicators suggest that domestic demand is also improving post slow down but it would take awhile before this reaches a steady state. This could suggest investment opportunities in the medium to long term.

Inflation is behaving and the region as a whole is not sitting on any large imbalances. Therefore, with regards to concerns on fed hikes, as long as they are well introduced and earnings growth is faster than the rise in cost of capital, we should sift through the shifts in global monetary conditions.

The ASEAN Economic Community (AEC) blueprint which aims for tax collaboration by 2025 and reduction in trade transaction cost by 2020 also point to significant improvements in opportunities.

-Data from FocusEconomics and World Economic Outlook.

Last but not least, we would like to express our thanks to Mr. Tony Huang and ValueTang LLC and look forward to greater and deeper collaboration in time to come.

 

Dylan Tan

2iB Partners – Director

 

 

For partnerships, speaker and general business enquiries with 2iB Partners:

Contact Person Dylan Tan
Designation COO
Email Dylan@2ibpartners.com

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8 Points to consider for an IPO

In the previous parts, for Preparing your Company for a Liquidity Event, we covered:

For the last installment of the series, we’d like to touch on a little on the supposed “holy grail” of companies – the Initial Public Offering (IPO). It is the dream of many entrepreneurs and business owners to bring their company public whether it is the ASX in Australia, the London Stock Exchange, the Hang Seng, the American NASDAQ, NYSE or the Shanghai A.

However, it is one of 2iB Partner’s common mention that IPO is not the end, it is the start of the new beginning and a new level of maturity, reporting and many other things. Liquidity events require special care in the case of IPOs and listed companies.

Here are 8 IPO points out of a long list that people need to consider:

 

8 IPO Points

 

  1. Due Diligence:
  2. Internal due diligence by in-house counsel or project manager to ensure the process is clearly defined with relevant reporting requirements built in. The DD should also sanitize any outstanding issues.
  3.  
    1. Management Appointment or Change:

    While the MD, CEO, Chairman may remain the same, s/he should ensure capable professionals in finance, law, tax and operations on the board to implement smooth transactions, particularly CFOs. Applies more so in cross-border cases. Some Exchanges may have this as a mandatory requirement.

    1. External:

    Ensure appropriate external service providers such as investment bankers, brokers, underwriters, lead managers, auditors, depositories, certified advisers.

    1. Regulatory:

    Depending upon the extent of shares traded, laws of different countries will need to be adhered to. This not only covers compliance related to trading, but anti-trust (anti-monopoly), employment, local authorities and tax.

    1. Insider Trading & Market Abuse:

    The silver bullet is disclosure. However, the subject matter and timing of disclosure will require the involvement of certified adviser or notified agent or sponsor or the exchange itself.

    1. Valuation:

    If more than one country is involved in any of the liquidity events, the valuation itself and corresponding taxation, will undergo change depending upon that country’s laws.

    1. PR:

    PR agencies that specialize in announcements to the public. Care has to be ensured that announcements need to be in consonance with legal disclosure requirements.

    1. In-house counsel:

    In-house counsel to coordinate with all internal and external compliances and more importantly in coordinating with different law firms, PR agencies, investment bankers, underwriters, certified advisers and other legal authorities as there will be international elements in the liquidity events apart from controlling costs and preparing documentation.

     

For partnerships, speaker and general business enquiries with 2iB Partners:

Contact Person Dylan Tan
Designation COO
Email Dylan@2ibpartners.com

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