US$278 million acquisition of 701Search Pte. Ltd. by Carousell Pte. Ltd. and investment in Carousell Pte. Ltd. by Telenor Group

A&G News 9 December 2019

Allen & Gledhill advised Carousell Pte. Ltd. (“Carousell”), as transaction counsel, on its US$278 million acquisition of 701Search Pte. Ltd. from Telenor Group, and the US$20 million investment by Telenor Group (“Investment”) in Carousell.

With the Investment, Carousell is now valued at US$850 million.

Advising Carousell was Allen & Gledhill Partner Chiam Tao Koon.