Silverlake Axis Achieves High Acceptance Rate in Privatization
Deal News | Jan 02, 2025 | Ikhlas Capital
Silverlake Axis, under the joint venture Zezz-Ikhlas, has successfully reached a 98.33% acceptance level in its privatization bid, marking one of the highest acceptance rates in recent years. The high acceptance level paves the way for a compulsory acquisition of the remaining shares. This innovative approach, spearheaded by Ikhlas Capital, may establish a precedent for future privatization trends. Kenny Kim has noted the significance of this action, indicating potential ripple effects across the industry.
Sectors
- Private Equity
- Financial Technology
- Corporate Finance
Geography
- Asia – Silverlake Axis is a major financial technology company in Asia, and Ikhlas Capital is involved in investments within the region.
Industry
- Private Equity – Involves the investment firm Ikhlas Capital in structuring the deal.
- Financial Technology – Pertains to Silverlake Axis, a prominent player in financial technology solutions.
- Corporate Finance – Pertains to the structuring and execution of the privatization deal.
Financials
- 98.33% – The acceptance rate achieved by Zezz-Ikhlas in the privatization of Silverlake Axis.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Silverlake Axis | Target Company | Company | A significant player in financial technology seeking privatization. |
| Ikhlas Capital | Private Equity Firm | Company | A private equity firm involved in structuring the privatization deal for Silverlake Axis. |
| Zezz-Ikhlas | Bidding Company | Company | A joint venture leading the bid for Silverlake Axis's privatization. |
| Kenny Kim | Commentator | Person | Provides insights on the acceptance level and its implications for future privatization trends. |