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New Deal


Announced

Completed

Aspex Management led a $200m funding round in Klook.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Travel and Tourism

digital services

online booking

travel agency

Hong Kong

Minority

Private Equity

Friendly

Cross Border

Completed

Acquisition

Venture Capital

Synopsis

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Aspex Management, an investment fund focused on Asia Pacific, led a $200m funding round in Klook, a provider of online travel booking services. Additional investors include Sequoia Capital, Softbank Vision Fund 1, Matrix Partners China, and Boyu Capital. "Despite a challenging 2020, we have shown our mettle, turning challenges into growth opportunities with agility and constant innovation. We've observed over the past year that consumers have a pent-up desire to explore and enjoy themselves, despite international travel being paused. Instead, they are turning inwards - exploring new and unique experiences right in their backyard. This new capital further strengthens our leading position to take us from defense to offense, as domestic tourism becomes ubiquitous and international travel gradually returns," Ethan Lin, Klook CEO and Co-Founder.

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