Phnom Penh, December 14th, 2022: Tanncam Investment Pte. Ltd., a Singapore-based private equity and venture capital firm, has invested in Digital Classifieds Group (DCG), an Australian-based company and leading operator of a portfolio of online real estate and general classified companies in frontier and emerging markets. DCG’s companies and brands include realestate.com.kh and FazWaz in Cambodia, hausples.com.pg and marketmeri in Papua New Guinea, yula.la in Laos, and property.com.fj in Fiji. Cambodian Investment Management acted as arranger and financial adviser on the transaction for Tanncam Investment Pte. Ltd.
DCG Group CEO Mathew Care commented, “These are very exciting times for the group as our businesses have regained traction post-Covid, and we are experiencing strong and robust growth, as well as a substantial improvement in the fundamentals of our portfolio. We welcome Tanncam, a sophisticated, well-known, and established investor, as a shareholder and expect that they will successfully contribute to our future aspirations and strategic objectives.” Anthony Galliano, Director of Tanncam Investment Pte. Ltd. and CEO of Cambodian Investment Management, added, “We believe DCG has demonstrated a unique ability to enter emerging and frontier markets and create a dominant position in their space. We are investing in what we believe is a very promising future, a strong management team, and a successful portfolio ripe for growth. The company is on the precipice of amazing things to come, and we are happy to contribute to their journey.”
Anthony will serve on the board of Digital Classifieds Group (DCG), subject to regulatory approvals.
Tanncam Investment Pte. Ltd.
Is a Singapore based venture capital and private equity firm that focuses on early-stage start-ups and strategic investment opportunities.
Digital Classifieds Group
Founded in 2013, DCG operates a portfolio of the Asia Pacific’s leading & fastest-growing online real estate and general classified marketplaces. DCG identifies and corners dynamic early-stage markets by leveraging technology to redefine the value proposition for users and the businesses we work with. Our competitive advantage is our all-encompassing approach to solving our end-users needs and thereby delivering value to our clients.
Cambodian Investment Management Co. Ltd.
Is a Cambodian based corporate finance and business services firm. Founded in 2009, the company selectively acts as an arranger and financial adviser on mergers and acquisitions, due diligence and private equity transactions.
CONTACT INFORMATION:
Digital Classifieds Group Pty Ltd Tanncam Investment Pte. Ltd.
Mathew Care CEO & Co-Founder Anthony Galliano
+61 409 598 227 +85510902535
Comments