Tat Capital – Corporate Finance & FX Advisory (“Tat Capital”) was the exclusive advisor in Singapore to CricHQ, supporting the existing investors and were the lead promoters in the transaction. Tat Capital provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning, valuation and transaction structuring, assistance in due diligence, negotiation and finalization of definitive agreements, leading to the successful closure of the transaction. 

Simon Baker, CEO at CricHQ highlighted that “Tat Capital played an integral role to assist CricHQ on the investment by Tembusu Partners, where they were driving all communication between CricHQ and Tembusu.  CricHQ is delighted to have secured this investment and is thankful to Tat capital for their support in securing this investment.” 

Ram Gorlamandala, Director at Tat Capital was very proud to be leading this transaction, “This was Tat Capital’s 6th transaction in the past 2 years and 3rd cross-border transaction during the last year. Based on our focus on cross-border transactions between Australia/New Zealand and the Indian Subcontinent, this is a perfect example of the type of transactions that we execute at Tat Capital.”

CricHQ Limited (“CricHQ”) was co-founded in 2010 by Stephen Fleming (past NZ cricket captain), Brendan McCullum (current NZ cricket captain) and tech entrepreneur – Simon Baker, CEO at CricHQ. With 30 international cricket players as shareholders, such as Michael Hussey, David Hussey, George Bailey, Michael Vaughan, Ravichandran Ashwin, Faf du Plessis, etc. CricHQ has established early mover advantage in the global cricketing landscape, with integrated technology and media platform redefining how cricket is administered, shared, analysed and followed. CricHQ has already captured 40% of the market, 41 out of the 106 ICC countries already using CricHQ as their cricket administration platform, including Sri Lanka and New Zealand. Over the next 12 to 24 months, CricHQ will grow its global operations through senior appointments in India, United Kingdom, South Africa, Pakistan and focus on expanding its operations in India, cricket’s biggest market.

Tembusu Partners (“Tembusu”) is a private equity investment firm investing in growth-stage companies and generating optimal returns for both investee companies and investors. Headquartered in Singapore, our primary geographical markets are within Emerging Asia, comprising China, India and Southeast Asia. Tembusu manages over US$223 million and has a strong record in investing in high-growth enterprises.