CNPLaw LLP advised Silverlake Axis Ltd on acquisition of three Silverlake private entities

Deals and cases


CNPLaw LLP advised Silverlake Axis Ltd on acquisition of three Silverlake private entities

Date Published: 24 October 2017

The Team Advising On The Transaction: Ge Xiaomeng and Stephen Soh.


CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP, is advising mainboard-listed Silverlake Axis Ltd (“SAL“), a banking software solutions provider, on its proposed acquisition of three Malaysian incorporated Silverlake private entities as part of its ongoing 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, totalling RM 154.9 million, to be satisfied via the issue of new shares at S$0.71 per share, 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.


CNPLaw’s Mergers and Acquisitions Lawyers

Ge Xiaomeng 1

    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.

    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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