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Announced

Carsome to acquire Icar Asia from Catcha Group for $200m.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Minority

Friendly

Private

Domestic

Acquisition

Private Equity

Online and Social Platforms

auction platform

Malaysia

Synopsis

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Carsome, an operator of an online car-selling platform, agreed to acquire Icar Asia from Catcha Group, an international internet group, for $200m. “This transaction is an important part of our growth strategy to build the entire automotive ecosystem in Southeast Asia and part of how we are transforming the industry through trust, transparency and technology,” Eric Cheng, Carsome CEO.

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