Finzsoft Solutions Limited
Transaction Type: Company meeting (Acquisition)
Acquirer: Silverlake Axis Limited and HGH (ICT Investments No. 2) Limited
Independent Adviser(s): Simmons Corporate Finance (Rule 18)
Date of meeting: 29/10/2019
Silverlake HGH Limited (SHGH) was a joint venture company that held 85.47% of the shares in Finzsoft Solutions Limited (Finzsoft). SHGH proposed to sell all of its Finzsoft shares to its two shareholders, Silverlake Axis Limited (SAL) and HGH (ICT Investments No. 2) Limited (HGH). After the acquisitions, SAL and HGH would hold the same number of shares in Finzsoft that they had each controlled through SHGH.
On 29 October 2019, the acquisitions were approved at a special meeting of Finzsoft shareholders under rule 7(c) of the Code.
Simmons Corporate Finance Limited prepared a rule 18 independent adviser’s report on the merits of the transaction.