Our Work
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Example Case Study 1
Public offer to minority shareholders
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Sector
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Foods industry (gourmet foods)
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Task
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Our client wished to participate in the capital structure of a food company with which it already had good business connections, the aim being to strengthen the existing ties. DragonKnight Advisors acted as exclusive financial adivosrs, with the task of planning and carrying out this transaction.
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Implementation
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During the analysis phase, during which we evaluated the investment options, we held exploratory discussions. We talked to the company's banks entrusted to find out if our client would be able to acquire part of the loan and later offer to the target company to equitize them into new shares. We also talked to the main shareholders in the company who we understood could be interested in selling their shares.
In view of our discussions with the minority shareholders and the banks, we recommended our client to form a consortium with the two principal shareholders and initiate a mandatory public offer to the minority shareholders, with a view to delist the company once the consortium was in a position to do so.
The client accepted our recommendations. We negotiated a shareholders agreement as to strengthen our client’s position in the capital of the company, and organized a public offer with a local bank to the minority shareholders.
The transaction was principally financed in cash and new long-term liabilities negotiated at favourable conditions with the client’s main banks.



