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Announced

Completed

LINE MAN completed the merger with Wongnai and receive $110m investment from BRV Capital.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Thailand

Majority

Private

E-commerce

Private Equity

delivery application

Friendly

Merger

Single Bidder

Acquisition

Cross Border

Completed

Synopsis

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LINE MAN, a delivery app in Thailand, completed the merger with Wongnai Media, a restaurant review and discovery platform, and receive $110m investment from BRV Capital Management, a growth capital firm. “We’re excited to be working with BRV Capital Management, a growth capital firm that has repeatedly shown it knows how to find and develop winners. Since its launch four years ago, LINE MAN has grown into the most popular delivery application for the Thai people — and now, this investment by BRV Capital Management will help take LINE MAN to the next level," Eunjung Lee, LINE Plus Head of Global Business for Southeast Asia.

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