EM Mergers

Smart Share Global Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company from Hillhouse

Published August 15, 2025 at 08:15 PM

SHANGHAI, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that the board of directors received a preliminary non-binding proposal letter, dated August 13, 2025, from Hillhouse Investment Management, Ltd. (together with its affiliates, “Hillhouse”) to acquire all of the outstanding ordinary shares of the Company that are not already beneficially owned by Hillhouse or the Management Members (as defined below) for US$1.77 per ADS or US$0.885 per share in cash, subject to the acceptance by the Management Members of the similar rollover arrangement in the Merger Agreement (as defined below).

Related Questions

How will the market’s perception of Hillhouse’s strategic intent (e.g., long‑term hold vs. flip) influence the post‑deal stock performance? What is the expected premium compared to Smart Share Global Limited's current market price and recent trading range? How will the $1.77 per ADS offer affect the valuation multiples (e.g., EV/EBITDA, P/E) relative to peers in the consumer‑tech charging space? What is the likelihood that the Management Members will accept the rollover arrangement, and how could that impact the deal’s closing timeline? Will the acquisition trigger any changes to the company’s capital structure, such as debt refinancing or share buybacks, that could affect liquidity? How might the transaction influence the trading volume and float of EM shares on Nasdaq post‑announcement? What are the potential regulatory or antitrust considerations for Hillhouse’s acquisition of a consumer‑tech company operating in multiple jurisdictions? How does this proposal compare to recent M&A activity in the mobile‑device charging sector, and does it set a new pricing benchmark for similar deals? What impact could the deal have on Smart Share Global’s growth initiatives, product pipeline, and competitive positioning? Are there any contingent or earn‑out provisions in the merger agreement that could create upside or downside risk for shareholders?