Privatisation scheme of arrangement by Relish Investments

Rajah & Tann Singapore is acting for RE&S Holdings Limited (which is listed on the Catalist Board of the Singapore Exchange Securities Trading Limited), as offeree in the privatisation scheme of arrangement by Relish Investments, which is advised and managed by Southern Capital Group Private Limited (a leading Singapore-headquartered private equity firm that focuses on investments into high growth middle market businesses across Southeast Asia). Based on the offer price of S$0.36 per share, RE&S is valued at S$127.38 million, with the offer consideration in cash or cash and securities of Relish Investments. RE&S owns and operates Japanese food and beverage outlets in Singapore and Malaysia, as well as a procurement office in Japan. Partner Danny Lim is leading the transaction.