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Announced

Completed

QIA, 65 Equity Partners and Seatown led a $290m Series E round in Carsome.

Financials

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Transaction Value£213m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Venture Capital

Acquisition

Cross Border

Single Bidder

Friendly

Private

E-commerce

car selling

e-commerce

automotive

Malaysia

Minority

Private Equity

Synopsis

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QIA, 65 Equity Partners and Seatown led a $290m Series E round in Carsome, Southeast Asia’s largest integrated car e-commerce platform, with participation from Mediatek, Sunway, Gokongwei Group, YTL Group, and Taiwan Mobile. Carsome plans to use the proceeds raised in this round of financing to accelerate investment in people, product, technology, data capability, infrastructure, and regional expansion of its retail brand, Carsome Certified, across key markets in Malaysia, Indonesia and Thailand.

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