Аn “Invitation for Expression of Interest for the Acquisition of the Subsidiaries of Maubank Holdings Ltd”. This Expression of interest is being done through a Transaction Advisor.
Maubank Holdings Ltd MBH (the Seller) has decided to proceed with an international tender for implementation of a divestment program which entails the disposal of its shares from its subsidiaries comprising Maubank Ltd, Maubank Investment Ltd and MaubankFactoring Ltd. For this purpose, a consoutium compose of Priscus Finance, Gibraltar Advisory, VERDE is acting as the Transaction Advisor to the Seller for achieving the objectives of the divestment program (the Transaction).
For now the purpose of this invitation for Expression of Interest (the EOI) is to inform potential investors about the divestment program, to describe the sale process and to provide guidance on the pre-qualification requirements.
The interntional invitation for the Expression of Interest is open to both Mauritian and foreign legal entities. Interested bidders may act alone or form a consortium. Legal entities that are in a state of cessation of trading, bankruptkcy, receivership, liquidation, or subject to insolvency shall not be considered. Companies that have subject to a judgement of any offence concerning their professional integrity are not eligible to participate in the Expression of Interest.
The sale process will be conducted in two phases: A pre-qualification phase (this Expression of Interest) and a binding offer phase open to all pre-qualified bidders.
Bidders interested in participating in this Expression of Interest are requested to make an explicit request by email to the Transaction Advisor on emails:
o.metrot@priscus.eu with copy to: hbahrini@gibraltar-advisory.com and dnoonaram@verdefrontier.mu
- A pre-qualification document that defines the process and the pre-qualification criteria of the Transaction
- A Teaser on the subsidiaries of the Seller and the perimeter of the Transaction
The request for the pre-qualification document is contigent to bidders entering into a non-disclosure agreement (NDA) dly signed by an authorised representative.
Bidders should submit their Expression of Interest by email to the Transaction Advisor no later than 14th October 2022.
The pre-qualified bidder will be notified of their short selection by a process letter describing the financial offer phase and the contemplated timetable for the completion of the Transaction. An information Memorandum shall then be provided to the bidder candidate and an online data room will be made available to bidders to perform their due diligence. The pre-qualified bidder candidates will be required to submit a binding offer by 18 November 2022.
For more information on Maubank, please refer to: https://www.maubank.mu/
Maubank Holdings Ltd reserves the right to withdraw from/suspend the process or any part thereof, to accept or reject any/an offer(s) at any stage of the process and/or modify the process or any part thereof or to vary any terms without assigning any reasons and without any liability. This notice is subject to the disclaimers and limitations as specified in the pre-qualification document.