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Announced

Completed

A consortium led by Naver completed a $80m investment in Carousell.

Financials

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Transaction Value£62m
Consideration TypeOrdinary Shares, Preference Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Acquisition

Cross Border

Single Bidder

Customer Relationship Management

online classifieds platforms

classifieds platforms

mobile classifieds

Singapore

Majority

Completed

Private

Private Equity

Synopsis

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A consortium led by Naver, a providee of Internet site with web portal services, such as search engine, online game, and content development, completed a $80m investment in Carousell, a consumer-to-consumer marketplace application for ios and android. Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities are the other investors in the consortium.

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