(marketingmagazine.com.my) – Lion & Lion have signed an agreement whereby Japanese Septeni Holdings (listed on the Tokyo Stock Exchange) will acquire the share capital of Lion & Lion from Nova Founders Capital and management of Lion & Lion for an undisclosed double-digit USD million figure.
The deal will see Septeni support the company’s expansion across ASEAN as well as strengthening their head office in Kuala Lumpur.
The Lion & Lion management team, including Group Managing Partners Casper Andersen and Hugh Batley, will remain in place.
Casper Andersen (left) and Hugh Batley
Koki Sato, Septeni Group’s President said on the buyout, “We were very impressed by the track record of the team behind Lion & Lion and their remarkable achievements over the last years. The acquisition of Lion & Lion enables us to foster our market position in the fast growing ASEAN region.”
Lion & Lion Group Managing Partners, Casper Andersen and Hugh Batley, issued a joint statement saying, “For our team this is great validation of what we have been doing and where we want to go. Joining with a similar minded culture as our own, Septeni will bring more power to our services, our business, our team and ultimately our clients.”
Over the last three years, Lion & Lion grew into a full service digital agency and have a strong position in their markets – growing their team from 25 in late 2013 to over 170 employees, working with brands like Nestlé, L’Oréal, Google, Apple, Coca-Cola, Dairy Farm and more.