Client Experiences
What Clients Say About
the Engagement
Observations from founders, corporate development teams, and investors who have completed transactions with Bersatu Partners.
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In Their Own Words
"We had been running our food manufacturing business for twenty-two years before deciding to sell. The disclosure process, which we had not fully understood beforehand, was handled with real thoroughness — and our counsel explained why each element mattered, not just what to sign. We completed at terms we were satisfied with."
Tan Hock Lim
Founder, Shah Alam · Sell-Side
March 2025
"The due diligence report was thorough and clearly written — not a stack of raw documents but an organised assessment with risk ratings and next steps. That gave us the basis to negotiate the price adjustment and escrow mechanisms with confidence. The SC filing process also proceeded without delays, which had been a concern."
Amirul Syafiq
Corporate Development · Buy-Side
February 2025
"The shareholder agreement we needed was for an existing company taking in a growth capital investor. The governance sections and exit mechanics were drafted with scenarios in mind that we had not thought to raise ourselves — drag-along triggers that made sense commercially, not just legally. The investor's counsel had few comments."
Lim Pei Shan
Tech Founder, KL · JV & Shareholder
January 2025
"We came in late in the process — the buyer had already been identified and heads of terms were close to agreed. The team reviewed what was on the table, flagged two points that warranted renegotiation, and delivered a final SPA in a timeframe that matched the buyer's timeline. No unnecessary delay."
Zainab Abdullah
Family Business, Johor · Sell-Side
March 2025
"For our regional acquisition, we needed someone who understood not just the documents but the Malaysian regulatory context. The MyCC filing process was managed smoothly, and the legal due diligence covered labour matters that turned out to be material. The written progress notes were useful for keeping our board updated."
Rajesh Kumar
VP Corp Dev, Singapore · Buy-Side
February 2025
"The joint venture we formed with our strategic partner involved a Malaysian holding structure and a Labuan entity. The documentation covered both cleanly, and the governance provisions were drafted in a way that both parties found acceptable on first review — which is relatively uncommon. The engagement was well organised from start to completion."
Nurul Maizurah
COO, Kuala Lumpur · JV Formation
April 2025
Transaction Outcomes
Case Summaries
Challenge
A second-generation family shareholder wished to exit a manufacturing business while her co-shareholders, including siblings, wished to retain their stakes. A partial disposal to an outside buyer required careful structuring to protect remaining shareholders' rights and avoid triggering unwanted pre-emption clauses in the existing articles.
Our Role
Bersatu Partners prepared a vendor due diligence workstream to identify structural issues before buyer engagement, drafted a revised shareholders' agreement alongside the SPA to address remaining shareholders' concerns, and managed a six-month disclosure and negotiation process through to completion.
Outcome
Partial disposal completed with no post-completion warranty claims. Remaining shareholders retained governance rights under the revised agreement. Timeline from engagement to completion: seven months. No regulatory filings required given transaction size below MyCC threshold.
"The documentation held up exactly as intended."
Sector: Manufacturing · Type: Partial Sell-Side · Selangor · Completed Q1 2025
Challenge
A Singapore-based private equity fund sought to acquire a logistics business in Peninsular Malaysia. The target had a complex employment structure, several properties held under long-term leases with change-of-control provisions, and a licensed road transport operator certificate that required fresh approval post-acquisition.
Our Role
Legal due diligence across all five workstreams, with particular depth on property and regulatory. MyCC filing prepared and submitted. Transaction documentation prepared on a share purchase basis, with specific indemnities addressing the regulatory approval position and the change-of-control lease provisions.
Outcome
Acquisition completed within agreed long stop date. Road transport operator certificate renewed post-completion within projected timeline. Specific indemnity on one lease provision exercised within the warranty period and settled without litigation. MyCC filing reviewed without conditions.
"Exactly the kind of preparation that matters when something goes wrong."
Sector: Logistics · Type: Buy-Side · Peninsular Malaysia · Completed Q4 2024
Challenge
Two founders of a software company sought to bring in a growth capital investor while maintaining operational control. The investor required standard minority protections, an anti-dilution mechanism, and a veto on certain reserved matters. The founders were concerned that these provisions would limit day-to-day decision-making capacity.
Our Role
Bersatu Partners advised the founders on the commercial implications of each protection the investor proposed, negotiated a reserved matters list that addressed investor governance needs without restricting operational decisions, and documented the investment through a subscription and shareholders' agreement with vesting provisions for both founders.
Outcome
Investment completed. Both founders retained operational authority on all day-to-day and strategic product matters. Reserved matters confined to financial restructuring, significant capital expenditure, and exit events. The investor's counsel noted the governance framework was well-structured.
"We understood what we were signing, which was the point."
Sector: Technology · Type: Minority Investment / JV · Kuala Lumpur · Completed February 2025
At a Glance
85+
Completed engagements since 2018
4.8
Average client satisfaction rating
7+
Years as a focused M&A practice
3
Specialist advisory tracks
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