Dechert Advises TAG Holdings Limited in Business Combination with AGBA Acquisition Limited
Dechert LLP is advising TAG Holdings Limited (“TAG”) and its subsidiaries, on its business combination with AGBA Acquisition Limited, a special purpose acquisition company, which was consummated on November 14, 2022.
Pursuant to the terms of the Business Combination Agreement, AGBA Acquisition Limited acquired all the issued and outstanding equity securities of TAG International Limited and TAG Asia Capital Holdings Limited (together, the "TAG Business"), each formerly wholly owned subsidiaries of TAG. The post-combination company, which has taken the name AGBA Group Holding Limited, began trading on the Nasdaq Capital Market (“Nasdaq”) on November 15, 2022 under the ticker symbol AGBA.
The TAG Business provides products and infrastructure for marketplaces that bring together producers and consumers, encompassing business-to-business ("B2B"), fintech, healthcare management, and retail. Under its new name, AGBA will operate the TAG Business and its OnePlatform brand, which offers a full-service platform to banks, other financial institutions, brokers, and individual financial advisors to advise and serve its retail clients.
The cross-border Dechert team advising TAG was led by partner Maria Tan Pedersen, with associates David Good and Alan Zhang in Singapore, Drew Singer in Hong Kong, U.S.-based partners Greg Schernecke and Anna Tomczyk and associate Laura Konkel, with further support from U.S. partners Joshua Milgrim, Thomas Rayski, Nicolle Jacoby and David Rosenthal, Hong Kong partner Stephen Chan, U.S. counsel Beverly Ang, and associates Charles Lam, Ivan Chik, Jacqueline Foo and Tommy Kienzle.
Dechert is a leading global law firm with 22 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.