To: Anna
From: Revanth
Subject: List of potential merger and acquisition clients
Hello anna ,
As a result of listening to the call with the Director at our Hong Kong office where five potential targets for
WorldWide Brewing Co were discussed, I have prepared a summary that includes a brief description of each
company along with my comments about whether they should be shared with Carlos.
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.
Spirit Bay
Spirit bay is an Indonesian
company , also situated in
Singapore, Malaysia and
China. They are the #1
player in Indonesia, and #2
in Singapore and Malaysia.
They provide the three
segments , Operations are
integrated and
manufacturing facilities
are located in Indonesia
Company reported
US$400mm in EBITDA and
a 40% growth in FY2020
Hipsters’ Hipsters’ Ale, a Malaysian
Ale company operating in
Singapore, Indonesia,
Japan,
Korea and Cambodia.
Hipsters’ Ale also
manufacture, distribute,
and sell their products
directly.
They only offer two
segments – beer and
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.
The company has similar recommend
segments and these can be
altered with appropriate
strategies , the ownership of
the company is diverse , 60%
owned by global sponsor and
40% is employee , where the
simplicity is reduced , but still
the market opportunities are
wide in Singapore, Malaysia
and China where the clients
requirements are matched
The company has also
recorded an remarkable
growth
The company matches to the Recommend
interest of worldwide brewing
as their product segment is
present in multiple countries an
The company is owned by 30
independent breweries. In
fact, the manufacturing
facilities is led by a
consortium of independent
microbreweries in each
respective region which may
 spirits and the company affect the feasibility of the
achieved US$200mm merger
EBITDA in FY2020, up 15%
in fy2020
Brew Co, a Malaysian
Brew co. company. They only The company would not be Do no recommend
operate manufacturing compatible for a merger for
facilities, but are the #1 worldwide brewing as it is only
alcohol manufacturing present in Malaysia and they
operate manufacturing as well ,
player in Malaysia , the
the companys Shareholders
company is down
are mostly institutional. They
compared to last year
are listed on the Bursa
US$800mm in EBITDA for
Malaysia, the stock exchange
FY2020, which is actually
in Malaysia thus increasing
5% down from last year.
the intricacy of the merger

The company is based in The company has a large market

Bevy’s Singapore. They operate in
Direct the 3 segments across
Malaysia, China, Indonesia,
Japan, Korea, Cambodia,
Australia and New
Zealand, but they only do
wholesale distribution.
US$250mm in FY2020
EBITDA, up 20% from the
year prior
reach and the also offer the Recommend
three segments similar to
Worldwide brewing but the
operations and distribution is on
wholesale basis
The owner is a single family
thus making it easy for a
merger , they have also
achieved a stunning market
reach across 8 different
countries

Let me know if you have any questions or if I can help with anything else.

Yours sincerely
Revanth