Advantage Partners’ 70% Stake Acquisition in Micro-D International

Milbank LLP advised Micro-D International on the deal. Clifford Chance advised Advantage Partners.

Leading Philippines-based information and communications technology solutions provider Micro-D International, Inc. (“MDI”) and the selling shareholders announced the acquisition of a 70% stake by Japanese private equity firm Advantage Partners.

The acquisition involved leveraged finance and was covered by warranty and indemnity (“W&I”) insurance, a rarity for mergers and acquisitions of Philippine entities.

MDI is a market leader in digital transformation across sectors in the Philippines and supports the country’s top telecommunications companies, financial institutions, manufacturing and business process outsourcing companies and government agencies. Advantage Partners is one of Japan’s leading private equity investment firms.

The Milbank team was led by partners James Grandolfo (Hong Kong, Picture) and Jacqueline Chan (Singapore) and included Hong Kong-based associates Cesareo Singzon and Abir Varma.

Clifford Chance’s Partner Bryan Koo was supported on M&A aspects by consultant Brian Harley and associates Winifred Chow, Josephine Chen and Beanka Chiang. Finance partner Matthew Truman led on the acquisition debt financing aspects, and was supported by consultant Charlotte Leung, senior associate Harrison Tsoi and associate Cao Yun.

Involved fees earner: Josephine Chen – Clifford Chance; Beanka Chiang – Clifford Chance; Winifred Chow – Clifford Chance; Bryan Koo – Clifford Chance; Matthew Truman – Clifford Chance; Harrison Tsoi – Clifford Chance; Cao Yun – Clifford Chance; Jacqueline Chan – Milbank LLP; James Grandolfo – Milbank LLP; Cesareo Singzon – Milbank LLP; Abir Varma – Milbank LLP;

Law Firms: Clifford Chance; Milbank LLP;

Clients: Advantage Partners ; Micro-D International;

Author: Sonia Carcano