Date Published: 12 July 2019
The Team Advising On The Transaction: Ken Chia, Wong Pei Ling, Jolyn Wah and Susannah Dobbie.
CNPLaw LLP (“CNP“) advised Mr Koh Tian Yeow (“Mr Koh”), the sole proprietor of Deskright Office Supplies (“DeskRight”), the leading single-source contract stationer for office supplies to organisations and government agencies in Singapore, on the sale of DeskRight’s head entity, DeskRight Pte. Ltd. and its two (2) subsidiary entities, I-Pacific Office Pte. Ltd., and Jaya Stationary Supplies Pte. Ltd., to French based global distributor of workplace supplies solutions, Lyreco Group (“Lyreco”).
The sale of DeskRight to Lyreco’s Singapore established entity, Lyreco (Singapore) Pte. Ltd, will enhance Lyreco’s current ranking as a leading provider of office supplies. Mr Koh, who will stay on as managing director, will continue to oversee DeskRight’s operations in Singapore.
CNPLaw’s Corporate Advisory Lawyers
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 tax, employment and intellectual property, and necessary industry-specific experience.
We provide support to our clients at every stage of the deal. We will be there at the beginning of the process, helping to facilitate the negotiations between the parties and advising on the structure of the transaction. Once the parties have reached a consensus, we meticulously prepare the necessary documentation. Recognising that M&A deals are often the first page of a new chapter for the parties involved, we also provide post-transaction support to ensure a smooth transition such as the preparation of shareholder agreements, employment agreements, and other relevant commercial documentation.
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