Mergers and Acquisitions
PropertyGuru to go public via SPAC merger with Bridgetown 2
The combined company will have an enterprise value of approximately $1.35 billion and an equity value of approximately $1.78 billion at closing.
Carsome partners Catcha to create SEA’s largest digital automotive marketplace via $200M acquisition of iCar Asia
Catcha Group will become a shareholder of the Carsome Group in exchange for the sale of its shares in iCar Asia to Carsome.
AirAsia considers listing digital business in US via SPAC to raise $300M
CEO Tony Fernandes said a few technology-focused SPACs have approached the airline group, and AirAsia has engaged auditors for a deal to list the unit.
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
Indonesia InsurTech Qoala acquires Thai InsurTech FairDee, expands into Thailand a year following its $13.5M Series A
Through this acquisition, Qoala plans to speed up technology scalability and innovation across all its businesses by using its learning from Indonesia and Thailand to strengthen its core competencies and digital offerings across all its markets.
Sea makes major FinTech push as it acquires Indonesia’s Bank BKE
With this acquisition, Sea, which is regarded as Southeast Asia’s most valuable company, strengthens its foothold in the FinTech sector. The company is inching closer towards its goal of becoming the financial technology leader in the ASEAN region.
Malaysia’s TIME dotCom acquires controlling stake in AVM Cloud in a major cloud computing push
TIME dotCom shelled out over $14.5 million to purchase a 60 percent controlling stake in the company.
