USD 100 - 150 Million
Distressed assets, roll-ups
IPO or trade sale
The fiber optic network segment in Indonesia were ripe for consolidation and WCA had identified a value creation opportunity of at least 2 distressed targets through M&A. One target was one of the very few that held the license to own and operate Jakarta-Singapore subsea fiber optic infrastructure with high quality network and large capacity; another target had over 2,500 km fiber backbone throughout the Sumatra region that was well-positioned for expansion.
WCA value creation
Advised on one of the largest sovereign wealth funds in the world in assessing fiber optic opportunities in Indonesia, identifying 2 potential targets, and capital requirements.
Performed due diligence on 2 targets to identify key issues and opportunities on revenue growth and cost-reduction.
Performed a distressed asset valuation and M&A model to identify customer synergy, economies of scale, and other core levers to driver ROIC.
Negotiated key terms and covenants on term sheet with target shareholders.
Identified future targets as part of SubNetCo’s roll-up strategy and both long-term executive & execution team members.