Amber DWM and iClick Interactive Merge
03.18.25
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Simpson Thacher represented Amber DWM Holding Limited (“Amber DWM”), the holding entity of Amber Group’s digital wealth management business known as Amber Premium, in its merger with iClick Interactive Asia Group Limited (“iClick”) and Overlord Merger Sub Ltd., a wholly owned subsidiary of iClick (the “Merger”). The transaction values Amber DWM at $360 million and iClick at $40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Amber DWM shareholders now holds the majority of the listed entity, which was renamed to “Amber International Holding Limited”.
Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. This merger represents a significant milestone, bringing together Amber Premium’s expertise in digital wealth management and iClick’s innovative marketing technology, delivering unparalleled value to Amber DWM’s clients and stakeholders.
The Simpson Thacher team included Yang Wang, Jie Min, Boli Chen and Haixuan Yang (M&A – Beijing); and Yi Gao, Cherrie Zhang and June Hu (Capital Markets).