Tender Offer and Transaction Structuring
As one of Taiwan’s leading investment banks, QIC brings extensive experience and deep industry insights to tender offers, offering tailored transaction designs and execution plans for both buyers and sellers. Our meticulous planning and precise execution ensure that clients maximize their benefits throughout the process. Leveraging QIC’s vast global network of contacts and resources, we swiftly connect clients with the right partners and critical resources, effectively mitigating risks in M&A transactions and optimizing overall outcomes, ultimately creating long-term value for our clients.
Client Challenge
A prominent Taiwanese e-commerce company faced increasing competition following its IPO. This included intensified investments by Taiwan’s leading e-commerce company, Momo, and mounting pressure from the aggressive entry of Coupang, South Korea’s e-commerce giant, into the Taiwanese market. As competition grew, the company’s performance significantly declined, even posting losses. Furthermore, stricter government regulations on data security for e-commerce platforms led to a sharp increase in compliance costs. Faced with ongoing operational challenges and rising costs, the company’s founder began considering an exit from the business
QIC Advantage
As the client’s strategic advisor in investment and M&A, QIC developed a comprehensive and efficient equity exit plan for the founder, enabling a smooth transition through a well-structured tender offer. With QIC’s extensive capital market network, we quickly identified a reputable and interested buyer—an established Taiwanese public company aiming to expand into the e-commerce space. Given the mutual trust between both parties and QIC, we were jointly appointed by the buyer and seller to facilitate the transaction. We developed a complete tender offer structure and provided ongoing integration and strategic advice to ensure the seamless execution of the deal.
Results
With QIC’s full support, the buyer successfully acquired 48% of the company’s shares through the tender offer. The founder achieved a satisfactory sale price and smoothly exited the business, completing the transfer of ownership. This transaction not only provided the buyer with a significant opportunity to enter the new economy sector but also ensured the founder’s successful exit while creating long-term value for the company and its shareholders.
