Malaysian digital agency Lion & Lion signed an agreement whereby Japanese Septeni Holdings will acquire the share capital of Lion & Lion from Nova Founders Capital and management of Lion & Lion. The acquisition is for an undisclosed USD double-digit million amount.
The deal will see Septeni support the company’s expansion across ASEAN as well as strengthening their head office in Kuala Lumpur, Malaysia. The Lion & Lion management team, including Group Managing Partners Casper Andersen and Hugh Batley, will remain in place.
Koki Sato, Septeni Group’s president said : “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, said: “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. We are very happy about our new shareholder and very much looking forward to the future together”.
Over the last three years, the management grew Lion & Lion into a full service digital agency growing their team from 25 in late 2013 to over 170 employees. It has worked with leading brands such as Nestlé, L’Oréal, Google, Apple, Coca-Cola, Dairy Farm, and many more.