Logiq Inc, a provider of e-commerce and fintech business enablement solutions, said it has engaged investment banking firm The Benchmark Company to assist in a recently announced restructuring initiative aimed at enhancing shareholder value.
The company said it is considering several options, including mergers and acquisitions for its DataLogiq business and the possible spinoff of its AppLogiq business into another public or private company, IPO or trade sale.
It said its e-commerce, m-commerce and fintech markets present a multitude of opportunities for consolidation, strategic partnerships, and other potential transactions.
READ: Logiq initiates restructuring to expand DataLogiq business unit; unlock value of Emerging Markets initiatives
“In particular, the fragmented digital marketing industry offers attractive opportunities for consolidation, whereas the Southeast Asia fintech market offers great potential for growth,” Logiq president Brent Suen said in a statement.
“In light of this, management and our board of directors concluded that it would be an opportune time to evaluate potential M&A and other strategic alternatives with the assistance of Benchmark, and with the ultimate goal of maximizing shareholder value.”
Logiq's DataLogiq unit provides data-driven, end-to-end e-commerce marketing solutions. AppLogiq includes PayLogiq e-Wallet, GoLogiq hyper-local food delivery, and other mobile e-commerce solutions, as well as a recently announced mobile fintech platform for microlending.
The Benchmark Company is engaged in equity research, sales and trading, investment banking, M&A and strategic advisory services and has built a reputation for delivering superior client service, market access, and in-depth market and industry expertise.
Contact the author at stephen.gunnion@proactiveinvestors.com