Chase Coleman's hedge fund firm Tiger Global has made another private investment, this time in SEEK Asia (a subsidiary of SEEK Limited). The hedge fund reserves a portion of its portfolio for stakes in non-publicly traded companies and we've detailed how they've been focusing on web companies in emerging markets.
Tiger's investment in SEEK Asia is a co-investment alongside the likes of Consolidated Media Holdings (CMJ) and Macquarie Capital. It appears as though the three have invested around $63 million in total. Upon news of this investment, SEEK Asia also recently announced that it has purchased 60% of JobsDB, an online employment company that focuses on Southeast Asia. The purchase price of this stake is $204 million.
To see what else Tiger Global has invested in, head to our analysis in our newsletter.
Tuesday, January 11, 2011
Tiger Global Invests in SEEK Asia, Continues to Play Emerging Markets
blog comments powered by Disqus
