Inside a Public 14-Acquisition Compounder | Eric Tan and Patrick Grove

Eric Tan and Patrick Grove are building one of Southeast Asia's most interesting serial acquirers. As CEO of Catcha Digital, they've completed 14 acquisitions while creating a permanent home for market-leading businesses across digital media, B2B exhibitions, and vertical software.In this conversation, Eric shares why his failed startup became the foundation for Catcha Digital, how they evaluate hundreds of acquisition opportunities, why culture matters more than spreadsheets, and what he's learned from studying companies like Constellation Software, Danaher, Roper and Europe's leading compounders. We also dive deep into capital allocation, decentralized operations, buy-and-build strategies, and why live events may become even more valuable in the AI era.Timestamps:0:00 Building Southeast Asia's serial acquirer1:00 From failed startup to Catcha Digital8:20 How Catcha Digital operates a decentralized holding company13:05 Why 99 out of 100 acquisition opportunities get rejected15:25 Lessons from Sweden's best serial acquirers24:00 Why B2B trade exhibitions are exceptional businesses28:40 The software acquisition strategy inspired by Constellation Software30:15 The buy-and-build playbook behind Catcha Digital's growth39:00 Learning from Danaher, Roper, Constellation & other compounders43:50 Why live events become more valuable in an AI world47:00 Working with Patrick Grove & building an acquisition machine51:00 Capital allocation, going public & balancing long-term thinking with quarterly resultsThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.