Walkers Advises TAG Holdings Limited on Business Combination with AGBA Acquisition Limited

Walkers is pleased to have advised TAG Holdings Limited ("TAG") on its business combination with AGBA Acquisition Limited (“AGBA”), a special purpose acquisition company, with AGBA acquiring all of the issued and outstanding securities of TAG International Limited and TAG Asia Capital Holdings Limited (together, the “TAG Business”) for US$555m. The post-combination company, “AGBA Group Holding Limited” will operate the TAG Business and its OnePlatform brand, which offers a full-service platform to banks, other financial institutions, brokers, and individual independent financial advisors, representing one of Hong Kong’s leading full-service wealth management and fintech platforms.
 
Walkers fielded a cross-jurisdictional team, including both the Singapore and BVI offices, to provide around-the-clock BVI law support for TAG enabling the deal to close on an expedited timeline.

 

Commenting on the transaction, Singapore-based partner Timothy Stevens said, "We are delighted to have worked alongside the Dechert team to deliver a fantastic result for the client having leveraged our cross-border BVI capabilities to provide around-the-clock support. The deal showcases the strength and depth of Walkers' international BVI-law offering  to service clients' needs across timezones to facilitate complex and time-sensitive cross-border M&A deals. It also highlights Walkers as the go-to firm for high-value cross-border M&A matters and for BVI companies listing on the major US exchanges."

 
The Walkers' team comprised Timothy Stevens, Alex Drysdale, Kevin Ho and Syed Islam and worked in concert with Dechert.

BRITISH VIRGIN ISLANDS
Alex DrysdalePartnerT +1 284 852 2262 alex.drysdale@walkersglobal.com

HONG KONG
Kevin HoCounselT +852 2596 3455kevin.ho@walkersglobal.com

SINGAPORE
Timothy StevensPartnerT +65 6595 4676timothy.stevens@walkersglobal.com
Syed IslamAssociateT +65 6595 4670syed.islam@walkersglobal.com

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