CNPLaw advised Silverlake Axis Ltd on acquisition of Silverlake Digital Economy Sdn Bhd, Silverlake Digitale Sdn Bhd and Silverlake One Paradigm Sdn Bhd

Deals and cases


CNPLaw advised Silverlake Axis Ltd on acquisition of Silverlake Digital Economy Sdn Bhd, Silverlake Digitale Sdn Bhd and Silverlake One Paradigm Sdn Bhd

Date Published: 20 April 2018

The Team Advising On The Transaction: Stephen SohGe Xiaomeng, and Jennifer Lo.


CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP,  has advised mainboard-listed Silverlake Axis Ltd (“SAL”), a banking software solutions provider, on its acquisition of three Malaysian incorporated Silverlake private entities which was completed on 18 April 2018. This is part of its 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, or slightly over RM 1 billion.


CNPLaw’s Mergers and Acquisitions Lawyers

Stephen Soh Legal Parnter at CNPLaw LLP image


Stephen heads the firm’s technology, media and entertainment team and co-heads the corporate finance team. He has more than two decades of experience, acquired both in-house and in private practice.

Ge Xiaomeng 1
Senior Associate

Xiaomeng’s practice is focused on corporate finance, M&A and general corporate advisory.

Jennifer Lo Senior Legal Associate at CNPLaw LLP

Senior Associate

Jennifer’s main areas of practice are corporate finance, debt and equity capital markets and general corporate advisory.

Each M&A deal entails the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each deal, ensuring that there is an optimal mix of specialisation in the clients’ identified areas of concern, such as taxemployment and intellectual property, and necessary industry-specific experience.

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