CNPLaw LLP advised the founders of Intrepid E-Commerce Services Pte. Ltd. on its acquisition by Ascential plc for a consideration of up to USD250 million.

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CNPLaw LLP advised the founders of Intrepid E-Commerce Services Pte. Ltd. on its acquisition by Ascential plc for a consideration of up to USD250 million.


Date Published: 7 July 2022


The team that advised the client: Tan Min-Li, Ge Xiaomeng, Lorraine Liew , Nicole Leong and Andrew Eng.




CNPLaw LLP advised the founders of Singapore-based Intrepid E-Commerce Services Pte. Ltd. (“Intrepid”), a leading regional eCommerce and Digital solutions provider across South-East Asia, on the acquisition of Intrepid by Ascential plc, a FTSE 250 company and global leader in information, analytics and eCommerce optimisation.

The initial cash consideration paid for Intrepid is US$57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets, resulting in an estimated total consideration of between US$100m and US$197m, with the maximum total consideration payable for Intrepid, capped at US$250m.

Tan Min Li legal Partner at CNPLaw LLP image
Partner

    Min-Li’s principal areas of expertise are in corporate and financial services. For 2018 and 2019, she was recognised as Singapore’s Top 100 private practice lawyers by Asia Business Law Journal. For 2021, She is rated as “Highly Regarded”, ranked as a “Distinguished Practitioner” and “Recommended” for Capital Markets by IFLR1000, Asialaw Leading Lawyers and The Legal 500 Asia Pacific respectively.

    Ge Xiaomeng 1
    Partner

      Xiaomeng’s practice is focused on corporate finance, M&A and general corporate advisory. Before joining CNP, she started practice in a leading corporate law firm in Singapore. She is fluent in the Chinese language and has been involved in cross-border transactions in the PRC (including Hong Kong), Indonesia, Malaysia, Japan and Australia.

      Liew Lorraine is an Associate at CNPLaw LLP
      Senior Associate

        Senior Associate
        Lorraine is experienced in advising clients, comprising start-ups and SMEs to multinational firms, on general corporate legal matters, including compliance with applicable laws such as personal data protection and employment/immigration. She has reviewed a variety of commercial contracts such as distributorship and service agreements and terms and conditions and has broad experience in joint ventures and mergers & acquisitions transactions in various industries.


        We provide legal advisory services to fund managers, investors and investee companies in relation to both open-end funds and closed-end funds that deal with a variety of asset classes and employ different investment strategies including hedge funds, private equity funds, venture capital funds, mutual funds, commodity funds and exchange traded funds.





          Practice Area: Mergers and Acquisitions