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Announced

MUFG to acquire a 70% stake in Kanmu from FreakOut Holdings for $150m.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Private

Pending

Domestic

FinTech

Single Bidder

Majority

Japan

fintech

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Acquisition

Synopsis

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Mitsubishi UFJ, a financial services company, agreed to acquire a 70% stake in Kanmu, a fintech company, from FreakOut Holdings, a technology solutions group, for $150m. "I am very pleased to be able to do business with Kamm through a capital and business alliance. Going forward, we will continue to work with Kamm to provide safe, secure, convenient, and high-quality financial services in line with changes in the social environment, with the aim of further improving customer satisfaction," Masakazu Osawa, MUFG Director, Managing Executive Officer.

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