Buyouts
Spin-offs
Project Finance
Forced Sales
Reorganizations
High Return Opportunities
Special Situations are typically short-fuse business opportunities that offer unusually high returns. Special Situations often arise from corporate spin-offs, reorganizations, forced sales, and management buyouts. Project finance for unique ventures and businesses may also qualify.
Proprietary Technology
Drugs & Pharmaceuticals
Patented Processes
Special Materials
Software & IT
Business Innovatorw
The Millennium Hoi Tak boardroom in Hong Kong had lot of seats, but not enough for the meetings we held there with the investment bankers from Goldman Sachs, Smith Barney, Merrill Lynch and Lehman Brothers. Lehman won the business and our preIPO project turned into the most over-subscribed IPO in Lehman history – 84 times oversubscribed. Chinadotcom. Not only was it the first China related technology related IPO, we did a $500M secondary offering with Goldman 
Sachs six months later. Peter Yip took a 4 employee start-up to a $5B market cap. Peter invited Millennium to join the company when he did.
Millennium was merchant banker & advisor to Chinadotcom and its parent company for six years, until one year after Peter left the company due to illness. During this period the company also did JV’s with Xinhua, Bloomberg and AOL, as well as subsidiary spin-off IPO’s in Hong Kong and Taiwan of $100M each..
China will soon overtake the US as the world’s largest economy. The prior growth has been astonishing, but that growth that is coming is even bigger in overall terms. The rate of growth is smaller, but base is enormous, so the actual growth is enormous making China the world’s largest contributor to global growth. In the next dozen or so years, just the “new portion” of output added by China’s growth will exceed the total output of Japan, the world’s former #2 economy. Millennium predicts China to become the world’s #1 in to 10 years. Goldman Sachs predicts it will happen sooner than that.
Despite trade frictions, there are few actual barriers to Chinese companies doing joint ventures with US companies. For companies not involved with national defense, Millennium can help as US company to JV with a much larger Chinese company. Millennium can introduce a company to
Partnering with the most powerful companies in China helps assure that your product or service will succeed in China, and also that IP rights will be respected. The large public companies highly value and respect intellectual property rights. This is the reason they will do the JV. Because they respect and highly value the IP. So much so they are willing to fund the cost of the land and factory, all of it, so that they can be the exclusive partner with the western company on the production side.
For businesses not involved in national defense, there has never been a better time to do a joint venture in China.
The same can be said for going to the UK, Europe and the Middle East. Never has there been more capital and local corporate partnership available for US companies, to aid them in their global business strategies.
Perhaps the rarest of Special Situations is a proprietary technology that achieves a major leap on all competitors. Millennium partners and with entrepreneurs and inventors that are entering the commercialization stage.
Millennium can provide start to finish assistance to Special Situations, from strategy to deal structure to closing. Having an experienced corporate finance advisor assisting every step of the way helps assure success while adding speed & efficiency.