Pacific Coffee (Holdings) Limited

Pacific Coffee (Holdings) Limited

Description

We were the sole financial adviser on the sale of Pacific Coffee Holdings Limited, a local coffee retail outlet, on its HK$205 million sale to Chevalier iTech Holdings Limited.

Our Role

  • overall timetable and deal management

  • bidder identification

  • design and implementation of competitive auction process

  • industry analysis

  • valuation

  • negotiation on behalf of vendors

Key Issues

  • utilising local knowledge to identify a ‘non-traditional’ buyer

  • achieving pricing that represented 8.5 times 2005 EBITDA and 22 times 2004 earnings

  • advising on transaction implications re Stock Exchange Listing Rules

  • establishing special purpose warrantor and escrow account