Victory in Strategic Acquisition and Management Control Battle
In the face of a battle for management control of a major Taiwanese company, the client needed not only to contend with a strong local competitor but also to overcome significant challenges during shareholder meetings. As the client’s advisor, the QIC team provided precise investor relations management and strategic planning, successfully assisting the client in completing several key acquisitions, ultimately leading to the company’s privatization and securing its leadership position in the market. This case showcases our professional expertise and strategic advantages in handling management control disputes.
Client Challenge
An international company encountered multiple challenges during the acquisition of a major Taiwanese industrial company. Besides needing to secure a majority stake, they faced fierce competition from a powerful local business group allied with the target company’s management. Both sides were locked in a struggle for control. During this period, the competitor continuously increased its holdings, attempting to block the international company’s control and using shareholder meetings to influence the company’s governance. This battle for control involved multiple stakeholders, leading to stock price fluctuations and heightened uncertainty for both shareholders and potential investors.
QIC Advantage
As the client’s advisor, we provided comprehensive support in investor relations management and strategic planning. First, we helped the client identify opportunities from foreign shareholders looking to sell and executed strategic acquisitions, gradually increasing their shareholding in the target company until control was achieved. We also assisted in designing precise shareholder meeting strategies, ensuring the client’s victory in critical votes, ultimately removing board members backed by the competitor. Our team excels in handling complex battles for management control, facilitating negotiations that led to the gradual withdrawal of the competitor.
Results
With our assistance, the client successfully acquired more than 70% of the target company’s shares and passed a resolution in the shareholder meeting to delist the company. In the end, the competitor decided to sell off its shares and exit, allowing the client to fully control the company and successfully complete the privatization process. This successful case not only strengthened the client’s market position in Taiwan but also, through a series of strategic acquisitions and negotiations, created long-term shareholder value and significantly boosted market confidence.
