Kuala Lumpur, Malaysia – Catcha Digital, an investment holding company focused on digital media and advertising businesses, has announced that it has entered into a share sale agreement to acquire a 70% interest in Tastefully Malaysia for RM7.6m. Said stake acquisition marks Catcha Digital’s ambition to continue growing its integrated digital media business to provide an omnichannel online-to-offline advertising solutions to its client base.
The acquisition will provide significant cross-selling opportunities between Catcha’s existing advertising client base and Tastefully’s clientele.
Moreover, Catcha will be able to offer Tastefully’s in person advertising solutions to its clients while Tastefully can leverage Catcha’s comprehensive digital advertising capabilities and online audiences to enhance its advertising offerings to its clientele primarily F&B brands.
Patrick Grove, chairman of Catcha Digital, said, “The F&B industry in Malaysia represents one of the most dynamic sectors in terms of consumer engagement and brand building. Through this acquisition, we’re combining Tastefully’s proven expertise in creating high-impact consumer events with Catcha’s digital capabilities.”
He added, “What particularly attracted us was Tastefully’s ability to execute large-scale consumer expos events across Malaysia, and their track record of consistently delivering value to both exhibitors and visitors. As brands seek more integrated advertising solutions, we believe this combination will create compelling opportunities for our existing advertisers while opening up new avenues for growth.”
Meanwhile, Esther Fong, CEO of Tastefully, commented, “Over the past 13 years, we’ve built Tastefully into the go-to platform for F&B brands to connect directly with Malaysian consumers. By joining the Catcha Digital family, we can now offer our exhibitors an integrated advertising solution that spans both physical and digital touchpoints.”
She added, “We’re particularly excited about leveraging Catcha’s digital expertise to enhance our event experience and advertising offerings to our clientele. We are very excited to embark on this partnership with Catcha to take our business to the take level.”
