Finquest, a platform for transactions in the region, has acquired a rival, expanding the company’s presence in the booming tech industry.
Finquest has acquired Detecq to help global investors, mergers and acquisitions (M&A) advisors and mid-sized Asian technology companies take advantage of the growing interest in the tech sector, the firms said in a press release.
The acquisition will bring Detecq’s network of corporate investors, M&A professionals and tech companies, including Fortune 500 firms, into the Finquest network, creating more opportunities for clients across the expanded ecosystem.
Detecq’s founder Zi En Wong will join the Finquest team to expand the company’s presence in the tech industry in Asia.
As technological innovation continues to disrupt traditional industries, companies in the tech and non-tech sectors are increasingly turning to M&A to keep up with the accelerating pace of change.
Asian Tech Firms in Demand
Technology has been the top target sector for M&A globally for the last few years and the trend is expected to continue.
Buyers from Europe, China, Japan, and the U.S. will continue to actively seek strategic tech acquisitions in Asia.
Covering all industry sectors, Finquest, which was launched last year, capitalises on its database of more than one million organisations and cutting-edge analytic technology to foster cross-border mid-market deals in Asia.
Detecq, on the other hand, has focused entirely on the technology sector since its founding in 2015, building a strong ecosystem of venture capital firms, investment banks, tech companies and strategic buyers.
Strictly Confidential
Finquest supports three specific groups: institutional investors looking to strengthen and diversify their direct investment portfolios; reputable Corporate Finance and M&A advisors who want to enlarge their global access to investors; and companies who need to finance their next stage of growth or seek acquisitions or exit opportunities.
Finquest’s platform is designed to guarantee confidentiality and data security at every stage of the process. To maintain privacy and information confidentiality, no profile or deal information is visible on the platform, until an introduction is made.
