Appleby advises Mitsubishi UFJ Financial Group (MUFG) on its investment in Grab Holdings Inc. (Grab).
Appleby acted as Cayman Islands counsel to MUFG on its USD706 million equity investment in ride-hailing firm Grab, with the funding to be used by Grab to offer lending, insurance and wealth management products and services for Southeast Asian consumers and small and medium-sized enterprises.
The Appleby team, led by Cayman Islands based Partner David Bulley and supported by associate Dean Bennett, worked on the transaction with lawyers from Morrison & Foerster Singapore, who acted as lead counsel to MUFG.
With highly regarded practices in both private equity funds and private equity transactions, Appleby provide clients with an integrated service in all aspects of the private equity market. Appleby provide advice across the entire life cycle of every fund and every investment, from fund formation and capitalisation of investment vehicles, through to public and private mergers and acquisitions, leveraged buyouts, group restructurings, re-financings, secured lending and transactional due diligence.