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    Forage JP Morgan Ib Task 2 Solution

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    Rohit Vasave
    This document provides a company profile for HappyHour Co., a beverage producer and marketer founded in 1975 and headquartered in Singapore. Key details include: - Revenue grew from $900M in FY2018 to $1.07B in FY2020 with increasing EBITDA and net profits. - The company is family owned by the Happy, Hour, and Co families and has operations across Southeast Asia and China. - An overview of the auction process for potentially acquiring HappyHour Co. is provided, outlining timelines and key workstreams for submitting indicative bids and participating in the final bid stage.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Forage JP Morgan Ib Task 2 Solution

    Uploaded by

    Rohit Vasave
    3K views2 pages
    This document provides a company profile for HappyHour Co., a beverage producer and marketer founded in 1975 and headquartered in Singapore. Key details include: - Revenue grew from $900M in FY2018 to $1.07B in FY2020 with increasing EBITDA and net profits. - The company is family owned by the Happy, Hour, and Co families and has operations across Southeast Asia and China. - An overview of the auction process for potentially acquiring HappyHour Co. is provided, outlining timelines and key workstreams for submitting indicative bids and participating in the final bid stage.

    Original Description:

    IF ANY FEED BACK OR FAULT PLEASE FEEL FREE TO EMAIL ME.

    Original Title

    FORAGE JP MORGAN IB TASK 2 SOLUTION

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    This document provides a company profile for HappyHour Co., a beverage producer and marketer founded in 1975 and headquartered in Singapore. Key details include: - Revenue grew from $900M in FY2018 to $1.07B in FY2020 with increasing EBITDA and net profits. - The company is family owned by the Happy, Hour, and Co families and has operations across Southeast Asia and China. - An overview of the auction process for potentially acquiring HappyHour Co. is provided, outlining timelines and key workstreams for submitting indicative bids and participating in the final bid stage.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    3K views2 pages

    Forage JP Morgan Ib Task 2 Solution

    Uploaded by

    Rohit Vasave
    This document provides a company profile for HappyHour Co., a beverage producer and marketer founded in 1975 and headquartered in Singapore. Key details include: - Revenue grew from $900M in FY2018 to $1.07B in FY2020 with increasing EBITDA and net profits. - The company is family owned by the Happy, Hour, and Co families and has operations across Southeast Asia and China. - An overview of the auction process for potentially acquiring HappyHour Co. is provided, outlining timelines and key workstreams for submitting indicative bids and participating in the final bid stage.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 2

    CONFIDENTIAL

    HappyHour Co. Company Profile


    • Overview • Key financials
    Founder: Founded in 1975 by Ms. Happy, a co-founder and
    majority DIGITS IN MILLIONS[$] US DOLLAR
    owner. YEAR REVENUE EDITA NPAT
    •Headquarters: Singapore, with operations in Singapore, Malaysia,
    and China. FY 2018 900 225 135
    •Operations: Producer and marketer of beer, spirits, and non- FY 2019 961 250 153
    alcoholic beverages. Owns and operates manufacturing facilities in
    FY 2020 1071 300 193
    Singapore and China; outsources manufacturing in Malaysia.
    •Growth Strategy: Expanded to China, with new facilities planned
    for
    Cambodia. Chart Title
    •Ownership Structure: Family-owned: Happy Family (60%), Hour
    Family (20%), Co Family (20%). REVENUE EBITDA NPAT
    •Market Position: #1 player in beer and spirits in Singapore & 1200
    Malaysia, #1 in non-alcoholic beverages in Malaysia.
    •Key Strengths: Premium spirits segment offerings, strong supply 1000
    chain, distributor relationships. 800
    600
    • Shareholders
    Ownership 400
    200
    • Happy Family (60% Ownership)
    • Hour Family (20% Ownership) 0
    FY 2018 FY 2019 FY 2020
    • Co Family (20% Ownership)
    • Indicative valuation

    Preliminary valuation of
    $3,500 million (according to
    rumor)
    happy familly hour family Co Family
    Source:

    1
    CONFIDENTIAL

    Overview of auction process and key workstreams

    Date Event Key worksteam

    Release of transactional information Review information memorandum and due diligence


    memorandum and vendors due materails.
    diligence reports. Prepare detail indicative bid, including purchase
    Mar 19, 2020 (Access to Oppurtunity for bidders to submit details,purchase price,assumtions,source of funds, due
    1. Indicative Indicative Bid Documents) diligence needs,timing, advisor and additional information.
    bid phase inducative bids.
    Participate in indicative bid q&a process
    Indicative bid q&a process for
    Confidentiality: maintain confidentiality as In process
    selected questions
    Seller’s right: the seller reserve the rights to
    evaluate,accept,reject bid
    Expense: biders are responsible for their own
    expense,including advisor and cost
    Timeline: timely submission of bids as per specified deadlines

    Acess for further due diligence material and guides


    Release of process letter two.
    Late May 2020 site visit.
    2. Final bid Slection of shortlisted bidders for
    (Start) Presentation by happyhour management team.
    stage the final bid phase. Preparation of comprehensive and binding final
    sub,mission of full and legally bids.
    binding final bids. Review and negotiation of transcript
    implememgtation documentaries.
    Prepare a comprehensive and detailed indicative
    bid by ,may 13 2020
    Awiat instructions and information for final round 2-
    final bid phase

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