What Our Clients Say
Transactions are significant events for every business involved. The perspectives below come from clients who have worked with our team across different transaction types and sectors in Malaysia.
← Back to HomePerspectives from Our Clients
We engaged Delima Firm for due diligence on a mid-sized acquisition in the Klang Valley. The report was notably clearer than what we had seen from prior advisors — the traffic-light system made it straightforward to identify where our negotiating focus should be. The deal closed within the timeline we needed.
The SPA negotiation for our partial acquisition was complex — three shareholders on the other side with different priorities. Delima's partner managed those dynamics well, and the warranties we ended up with were meaningfully stronger than the initial position. Communication throughout was direct and useful.
We used Delima for post-merger integration support following a software company acquisition. The legal workstream timeline they produced was genuinely helpful — it mapped every employment and contract step against our integration calendar in a way our team could actually track and action. One or two regulatory notifications took longer than anticipated, but we were kept informed throughout.
I was selling the majority stake in my retail business and had no prior experience with M&A documentation. The Delima team were patient in walking me through what each clause actually meant — without being condescending. The fee was agreed at the start and stayed within that figure. I felt informed at every step.
We run portfolio company transactions regularly and have tried several Malaysian M&A firms. Delima's due diligence reports are the most actionable we have seen — categorised sensibly, with an executive summary that actually summarises. We have brought them back for three separate transactions this year.
Our acquisition involved a cross-border element — the seller was a Singapore-incorporated entity with Malaysian operating subsidiaries. Delima coordinated effectively with the Singapore counsel, handled the Malaysian regulatory side, and kept the transaction moving. I would have appreciated slightly more proactive updates at certain stages, but the overall quality of the legal work was high.
Transaction Highlights
Illustrative examples of the transaction types and outcomes our team has supported across Malaysian markets.
Healthcare Sector Acquisition
A Kuala Lumpur-based acquirer needed to evaluate a chain of specialty clinics. The target had multiple Ministry of Health licenses, pending regulatory matters, and a complex employment structure with expatriate clinical staff.
Our due diligence scope was designed around the regulatory complexity — mapping all MOH licenses, employment permits, and outstanding compliance matters. The traffic-light report identified two material issues that informed price renegotiation. We then drafted the SPA with specific warranties addressing the identified matters.
The transaction completed at a revised price reflecting identified risks. Post-completion, employment matters for the clinical staff were harmonized over a structured eight-week period aligned with the client's operational integration plan.
Technology Company Partial Acquisition
A Singapore-based investor sought to acquire a 60% stake in a Kuala Lumpur SaaS company. The transaction required Securities Commission approval, a new shareholders' agreement governing a three-party structure, and coordination with the founders' Singapore advisors.
We structured the SPA and shareholders' agreement to address the three-party dynamics — including reserved matters, drag-along provisions, and earn-out mechanics tied to the target's recurring revenue performance. Securities Commission approval was filed concurrently with the negotiation phase, avoiding delay at completion.
The transaction closed with all regulatory approvals in place. The shareholders' agreement has governed two subsequent strategic decisions by the combined board without dispute, which the client attributed to the clarity of the provisions negotiated at closing.
Manufacturing Group Post-Merger Integration
Following a completed acquisition of a Penang-based manufacturer, the acquirer needed to integrate two workforces under different employment terms, transfer twelve commercial contracts, and re-register three trademarks under the new group structure.
We produced a legal integration workstream timeline across a fourteen-week period. Employment harmonization was managed in two phases to minimise operational disruption. Contract novation letters were issued to counterparties in a coordinated sequence, with follow-up tracking. IP re-registration at MyIPO was handled in parallel.
All legal integration steps were completed within the fourteen-week plan. No contract counterparty declined to novate. Two employment-related adjustment requests were resolved through structured dialogue rather than formal process, which maintained workforce stability during the transition.
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