Q-Tech Alliance Holdings acquires 19.9% stake in San Miguel from Kirin Holdings

Kirin Holdings Company Limited has sold its 19.91% stake in San Miguel Corporation (SMC), a food, beverage, and packaging company, to Q-Tech Alliance Holdings, Inc. The transaction is valued at PHP39,610 million ($831.15 million). Kirin Holdings is a Japan-based producer of various alcoholic beverages, while Q-Tech is an investment holding company. Both Q-Tech and SMC are based in Philippines.

Announcement ( February 20, 2009):

Q-Tech has entered into an agreement with Kirin Holdings to acquire a 19.91% stake in SMC for PHP39,610 million ($831.15 million).

Kirin would sell all of the 628,666,675 shares it currently holds in SMC to Q-Tech at a price of PHP63 ($1.32) per share.

Deal Value (US$ Million) 831.15
Deal Type                Acquisition
Sub-Category             Minority Acquisition
Deal Status              Completed: 2009-05-22

Deal Participants

Target (Company)   San Miguel Corporation
Acquirer (Company) Q-Tech Alliance Holdings, Inc.
Vendor (Company)   Kirin Holdings Company Limited

Deal Rationale

Kirin intends to use the sale proceeds from this transaction to partly finance the acquisition of about 43.25% stake in San Miguel Brewery, Inc.

% Acquisition 19.19%

Related terms: acquisition, beverages, brewery, finance, food, investment, japan, packaging, philippines