SMC Entertainment Enters Letter of Intent to Acquire Boutique Investment Manager, Bateau Asset Management, Providing Entry to Australian and Southeast Asian Financial Services Market
Acquiring Company
SMC Entertainment
Acquired Company
Bateau Asset Management
Boca Raton
SingaporeFinancial ServicesFinancial ServicesFinanceVenture CapitalAngel InvestmentDescription
SMC Entertainment, Inc. (SMC) has entered into a Letter of Intent (LOI) to acquire 100% interest in Australia-based Bateau Asset Management. This acquisition provides SMC with an initial presence in the Southeast Asia Fintech market. The agreement includes acquiring Bateau's well-established client base of high-net-worth individuals, global investment funds, and experienced global client services team based in Australia and Singapore. The acquisition strategically aligns with SMC's goal of expanding its presence in the Fintech market and enhancing its revenue growth.
Quick answer
SMC Entertainment is acquiring Bateau Asset Management, announced September 9, 2024. SMC Entertainment is based in Boca Raton, Florida, United States.
- How much did SMC Entertainment pay for Bateau Asset Management?
- The deal value was not disclosed.
- What does SMC Entertainment do?
- SMC Entertainment, Inc. is a versatile holding company focused on the acquisition and support of proven commercialized financial services and technology (Fintech) companies.
- Where are SMC Entertainment and Bateau Asset Management based?
- SMC Entertainment is based in Boca Raton, Florida, United States. Bateau Asset Management is based in Singapore.
Source: Fundz verified event record.
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Frequently asked
Who acquired Bateau Asset Management?
Bateau Asset Management was acquired by SMC Entertainment, based in Boca Raton. The deal was reported on September 9, 2024. SMC Entertainment, Inc. is a versatile holding company focused on the acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC Entertainment is privately held and operates in Financial Services.
When did SMC Entertainment acquire Bateau Asset Management?
SMC Entertainment's acquisition of Bateau Asset Management was reported on September 9, 2024. SMC Entertainment, Inc. (SMC) has entered into a Letter of Intent (LOI) to acquire 100% interest in Australia-based Bateau Asset Management. This acquisition provides SMC with an initial presence in the Southeast Asia Fintech market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bateau Asset Management do?
Bateau Asset Management is a boutique investment manager founded in 2016, based in Australia with offices in Singapore. The company follows an absolute-return investment philosophy and a multi-manager approach to investing. It is privately held, operating in Financial Services, and is based in Singapore.
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