To: [Anna]

From: [Nikhil Anant]

Subject: [Recommendation regarding potential M&A targets for WorldWIde Brewing Co. ]

[Insert greeting]

[You may find it useful to format your email using the following table – we have given an example for one of the
companies below]

Company Description Relevance to WorldWide Recommendation

Brewing

HappyHour HappyHour Co. is the largest It has similar operations to Recommend

Co. player in Singapore and WorldWide Brewing across the
Malaysia, in the segments of same segments and is the
beer, spirits and non- leading player in Singapore and
alcoholic beverages. Its Malaysia, suggesting the
operations include potential for strategic benefits
manufacturing facilities, and synergies. It has solid
distribution and direct sales financial results and an
and it has demonstrated ownership structure that is
strong growth in EBITDA in owned by 3 families, rendering a
FY2020 which was up 20% potential acquisition relatively
pcp and amounted to simple and feasible. HappyHour
US$300mm. Co. would be appropriate to
share.
Spirit Bay Spirit Bay is an Indonesian Recommend
company (60% owned by a
Global Sponsor) and
operating in beers, spirits
and non-alcoholic
beverages in Singapore,
Malaysia and China. It is a
leading player in
Indonesia, Singapore and
Malaysia. Its operations
include manufacturing
facilities, distribution and
direct sales and it has
demonstrated strong growth
in EBITDA in FY2020 which
was up 40% pcp and
amounted to US4$00mm.
Hipsters’ Recommend
Ale

Brew Co. Recommend

 Bevy’s Not recommend
Direct

[Nikhil Anant]