Press Release
Singapore, 2 January 2024 - Tech in Asia Pte Ltd (TIA), a leading technology media platform that serves Asia’s tech and startup community, announced completion of its acquisition by SPH Media, Singapore’s largest news publisher. Capital Connect Advisors (Cap Connect) and GP Bullhound (GPB) acted as the exclusive financial advisors to TIA on the transaction.
Singapore, 2 January 2024 - Capital Connect Advisors (Cap Connect) and GP Bullhound (GPB) acted as the exclusive financial advisors to Tech in Asia Pte Ltd (TIA), a leading technology media platform that serves Asia’s tech and startup community, on its acquisition by SPH Media, Singapore’s largest news publisher.
TIA, founded in 2010 by Willis Wee, is one of the pioneers of business tech media in Asia. The digital news publication covers startup and venture capital news for a user base spanning Southeast Asia, India and North America, It also has a regional events network and corporate customers across several markets.
With its reach and capabilities, TIA will strengthen the offerings of SPH Media and, in particular, that of The Business Times (BT). SPH Media is Singapore’s largest news publisher and BT, established in 1976, is Singapore’s sole financial daily, with digital and print editions.
“For SPH Media, this acquisition is a strategic move that will enable us to provide our readers with a more comprehensive suite of products and services,” said Wong Wei Kong, Editor-in-Chief, English/Malay/Tamil Media Group at SPH Media.
“We are enthusiastic about the opportunities this acquisition will bring. Rest assured, our startup spirit and data-driven approach will remain at the core of our competencies post-M&A,” said Willis Wee, CEO, and founder of TIA.
“We are thrilled to have assisted TIA’s management and shareholders in finding the right home in SPH Media through a highly competitive bid process. We are fervent believers in the resiliency and great potential of the SE Asian tech ecosystem. TIA’s proposed acquisition serves as a beacon of hope to founders and investors building for the Asian tech community”, said Chris Tran and Shauraya Bhutani, Partners at Cap Connect.
"Since its inception, TIA has been fundamental to servicing and developing Asia’s tech and startup community, providing critical content and insight. We are thrilled to have supported TIA to unlock this next chapter with SPH Media." said Hugh Campbell, Managing Partner at GP Bullhound.
Enquiries
For enquiries, please contact:
Chris Tran, Managing Partner, at ct@capconnect.asia
Shauraya Bhutani, Partner, at sb@capconnect.asia
About Capital Connect Advisors
Capital Connect Advisors is a technology focused boutique investment bank, providing M&A and private placement advisory to leading growth stage technology companies in SE Asia and India. Founded in 2021, Cap Connect has offices in Singapore and India. For more information, please visit www.capconnect.asia
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com