MoFo News Item

MoFo Advises MUFG on US$706 Million Investment into Grab

12 Mar 2020

Morrison & Foerster is advising three entities within the Mitsubishi UFJ Financial Group (MUFG Bank, MUFG Innovation Partners, and Krungsri Finnovate) on their combined US$706 million investment into Grab Holdings to provide accessible and affordable financial services across Southeast Asia. We also advised MUFG Bank regarding a strategic alliance agreement with Grab entered into in connection with the investment, outlining MUFG Bank’s and Grab’s efforts to collaborate to offer existing and future financial products and services to customers across Southeast Asia and Japan.

MUFG’s investment into Grab, one of the fastest growing and largest unicorns in Southeast Asia, together with the strategic alliance agreement, will facilitate the parties’ future collaboration in offering financial products and services to customers across the region.

The MoFo team was led by Tokyo TTG partner Seth Graham with assistance from Tokyo Corporate attorney Michael Dockery, Singapore of counsel Nick Davies, Singapore associate Champ Charernthamanont, and Tokyo associates Aya Eguchi, Ganesh Vaheisvaran, and Haley Zhang.

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