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New Deal


Announced

Alibaba Group Holding Limited acquired 33% equity interest in Ant Financial.

Financials

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Transaction Value£4,655m
Consideration Type-
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

financial services software

online platform

financial service providers

Private

Acquisition

Minority

Friendly

China

Online and Social Platforms

Private Equity

Synopsis

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Alibaba Group Holding Limited and Ant Small and Micro Financial Services Group Co. Ltd. announced that pursuant to 2014 transaction agreements, Alibaba will acquire a 33% equity interest in Ant Financial. The parties have agreed to certain amendments to their 2014 transaction agreements to facilitate the transaction. The financial terms of agreement are undisclosed.

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