M&A Deal Summary

Life Clips Acquires Belfrics

On August 26, 2021, Life Clips acquired information technology company Belfrics

Acquisition Highlights
  • This is Life Clips’ 1st transaction in the Information Technology sector.
  • This is Life Clips’ 1st transaction in Malaysia.

M&A Deal Summary
Date 2021-08-26
Target Belfrics
Sector Information Technology
Buyer(s) Life Clips
Deal Type Add-on Acquisition

Target

Belfrics

Kuala Lumpur, Malaysia
website
Belfrics is a global blockchain technology firm that runs cryptocurrency exchanges on its proprietary platform. Belfrics operates in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria, and Bahrain. Belfrics is based in Kuala Lumpur City, Malaysia.

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Buyer(S) 1

Buyer

Life Clips

Aventura, Florida, United States

website

Category Company
Founded 2013
Sector Electrical Equipment
Employees20
DESCRIPTION

Life Clips distributes single-use and cordless batteries under the Mobeego brand for use in cellular phones and other mobile devices. Life Clips was founded in 2013 and is based in Aventura, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Malaysia) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Cognitive Apps

Vancouver, British Columbia, Canada

Cognitive Apps is a developer of artificial intelligence (AI) applications for the healthcare industry and psychedelic research.

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