Fatfish sets up corporate advisory business division
By Digital News Asia March 24, 2015
- To offer strategic advice to tech companies for IPO and M&A activities
- Hopes to clear the path for such companies to get alternative funding
ASX-listed venture investment firm Fatfish Internet Group Ltd (FFG) has announced the establishment up of a new business division to be named Fatfish Corporate Advisory Division (FCAD).
FCAD will operate out of Fatfish Capital Limited, a subsidiary of FFG based in Singapore, the company said in a statement, and will help tech companies improve their access to capital.
FCAD will be a ‘boutique’ corporate advisory service provider specialising in working with tech companies to get them access to alternative funding and growth models through initial public offerings (IPOs) or capital market transactions via trade sales or mergers and acquisitions (M&As).
FFG said it recognises that one of the key challenges for tech investors is liquidity. This is even more apparent for those outside the major tech merger and acquisition belt such as the Silicon Valley area.
FCAD will work closely with a network of partnered investment banks and professional firms to help tech companies chart out and execute an early capital market listing or transaction on capital markets suitable for the risk and growth profile of these companies.
The FCAD team will be spearheaded by FFG chief executive officer Lau Kin-Wai, complemented by current and incoming new team members comprising capital market veterans with very diverse international experience across Europe and Asia Pacific, the company claimed.
This new business division is expected to generate new streams of revenue to FFG gradually as the new business scales up.
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