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New Deal

New Deal

Announced

1 Nov 2016

Completed

1 Nov 2016

Ant Financial acquired a 20% stake in Ascend Money.

Financials

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Transaction Value-

Consideration Type-

Capital Owned-

Capital Bid For20%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Ant Financial Services Group Co

target

Ascend Money

Sources

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Tags

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Minority

Completed

Acquisition

e-commerce platform

Thailand

E-commerce

Private

Private Equity

Synopsis

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Ant Financial acquired a 20% stake in Ascend Money, a privately owned e-commerce company headquartered in Bangkok, Thailand. Financial terms were not disclosed.

Service Providers (1)

Dealmakers

legal advisors

Simpson Thacher & Bartlett

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