Tanncam Investment Pte. Ltd., a Singapore-based private equity and venture capital firm, has invested in Digital Classified Group (DCG), a leading Australian-based property company and operator of a portfolio of online real estate and general classified companies in frontier and emerging markets including Cambodia, Papua New Guinea and Fiji.
MELBOURNE, Australia, Dec. 20, 2022 /PRNewswire-PRWeb/ -- Tanncam Investment Pte. Ltd., a Singapore-based private equity and venture capital firm, has invested in Digital Classified Group (DCG), a leading Australian-based property company and 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 and lanloa.la in Laos, and property.com.fj in Fiji. Cambodian Investment Management acted as the liaison and financial adviser on the transaction for Tanncam Investment Pte. Ltd.
DCG Group CEO Mathew Care said about the investment: "These are very exciting times for our group as the businesses have regained traction post-Covid and we are experiencing strong and robust growth and substantial improvement in the fundamentals of our portfolio. We welcome Tanncam as a shareholder as they are a sophisticated and well-known established investor. We have no doubts that they will successfully contribute to our future aspirations and strategic objectives."
DCG has a track record of developing dominant property classifieds in frontier markets since 2013, and In recent years has transitioned its business model from advertising to transactional services to accelerate its growth. This investment consolidates DCG position in all markets as the leading operator of property classifieds in Asian frontier markets.
Anthony Galliano, Director of Tanncam Investment Pte. Ltd. and CEO of Cambodian Investment Management further commented, "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 continued growth. DCG is on the precipice of another leg of its incredible journey and we are happy to contribute to this"
Anthony will serve on the board of Digital Classified Group, subject to regulatory approvals.
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About 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.
About Digital Classified 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. Its competitive advantage is an all-encompassing approach to solving its end-users needs and delivering value to their clients
About 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.
Media Contact
Mathew Care, Dgitial Classifieds Group, 61 409598227, [email protected]
Anthony Galliano, Tanncam Investment Pte. Ltd., 10902535, [email protected]
SOURCE Digital Classifieds Group
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