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Technology - Media & Telecoms

Type of assignment: Acquisition and Restructuring

Region: Asia Pacific
RSM firm: RSM Chio Lim, Singapore
RSM contact: Chio Kian Huat

Company Circumstances

A leading listed semiconductor group wished to acquire a troubled semiconductor company as part of its strategy to expand its offerings and enhance its competitive edge. The targeted company had suffered losses over several years. It registered revenues of US$20.2m and outstanding borrowings of US$16.4m owing to a group of financial institutions.

Scope of the assignment

RSM performed a diagnostic review and presented key findings to the company on the targeted acquisition’s financial position and business viability. Advice included that on the deal structure and the debt restructuring plan. RSM was actively involved in negotiating with and managing the expectations of the targeted company’s stakeholders.

Outcome

The investment and debt restructuring schemes were successfully concluded. The investment restored confidence in the acquired company enabling it to continue its business by preserving relationships with customers, suppliers and key employees.