Colin Ng & Partners LLP advised Silverlake Axis Ltd on acquisition of three Silverlake private entities

Colin Ng & Partners LLP (“CNP“) is advising mainboard-listed Silverlake Axis Ltd (“SAL”), a banking software solutions provider, on its proposed acquisition of three Malaysian incorporated Silverlake private entities as part of its ongoing efforts to position itself as a fintech innovation accelerator and to enhance its current standing as the region’s leading and most successful core-banking solution provider. 

The three companies – Silverlake Digital Economy, Silverlake Digitale and Silverlake One Paradigm – are each 70 percent owned by the group’s executive chairman and controlling shareholder, Mr Goh Peng Ooi. The consideration for the acquisition comprises a fixed base consideration, totaling RM 154.9 million, to be satisfied via the issue of new shares at S$0.71 per shares, being a premium to the current market price, together with a variable performance-based earn-out consideration, wherein the aggregate consideration shall be capped at 25% of SAL’s market capitalisation, based on the agreed issue price.

Partner, Mr Stephen Soh, assisted by Senior Associate, Ms Ge Xiaomeng, are advising SAL in this transaction.

 

For more information, please contact:

Gillian Chan

Corporate Communications Manager

Colin Ng & Partners LLP

DID: 6349 8756

Fax: 6323 8282

E-mail: [email protected]