Case Study - Village Telephone Limited

Special Situations Merges & Acquisitions

Background

VTL is a major provider for fibre optic broadband services in Hong Kong, specifically rural areas.
VTL traditionally partnered with major telecommunication companies to provide villages with fibre optic broadband services.
VTL's parent companywas subject tofinancialdifficulty and winding up petition.
Appointed as a Financial Advisor to VTL topreserve its value.16

Neutralise the holding company financial and contractual influence over the subsidiary company.
Worked alongside management, carved out VTL so that it became a stand alone, self-managed business.
Develop a strategic plan to enable VTL to become a stand alone operator.
Conduct a sale campaign for VTL to find a suitable strategic investor.
Undertook a multi-jurisdictional M&A process to uncover strategic buyers.
Developed a transitional services agreement to ensure the seamless transfer of VTL to new owners.

Facilitated the acquisition of VTL by Everbright Overseas Investment Infrastructure Fund.
With its new owner, it was able to significantly expand its business operations.
Ensured that all stakeholders, were seamlessly transferred and paid in full.