Carro to acquire a 50% stake in MPM Rent for $54m.

Financials

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Transaction Value£43m

Consideration TypeCash

Capital Owned-

Capital Bid For50%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Mpm Rent

bidder

CARRO

Sources

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Tags

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Rental Services: Consumer

Private

Single Bidder

Minority

car rental

Indonesia

Acquisition

Pending

Friendly

Cross Border

Synopsis

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Carro, a Southeast Asian online used-car marketplace, agreed to acquire a 50% stake in MPM Rent, a car rental firm in Indonesia, for $54m. “We remain steadfast and committed to investing and advancing our business in Indonesia despite the uncertain global macro environment,” Aaron Tan, Carro CEO.