Mergers & Acquisitions ·
Grab Holdings Limited announced definitive agreements to acquire a controlling 60% equity interest in Atome Financial…
GRABGrab Holdings Ltd
Grab Holdings Limited announced definitive agreements to acquire a controlling 60% equity interest in Atome Financial for $1.49 billion in cash. The transaction includes $0.26 billion in primary growth capital and is expected to close by the third quarter of 2027, subject to regulatory approvals. Grab also agreed to acquire the remaining 40% stake approximately two years later under a performance-based valuation framework with a floor of $2.0 billion and a cap of $4.5 billion. Concurrently, Grab upgraded its financial guidance, targeting Group Adjusted EBITDA of $1.7 billion and over 30% revenue CAGR from 2025 to 2028, while expecting the Financial Services segment to generate $500 million in Adjusted EBITDA with a gross loan portfolio exceeding $6 billion by 2028. Grab Holdings Limited operates as a leading Southeast Asian superapp providing mobility, delivery, and digital financial services.