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New Deal


Announced

Mitsubishi UFJ Financial Group to acquire a 15.5% stake in WealthNavi for $104m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For16%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Asset Managers and Custodians

Acquisition

Single Bidder

Minority

Public

Domestic

Pending

Japan

wealth management

automatic asset management

Friendly

Synopsis

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Mitsubishi UFJ Financial Group, a global financial services group and one of the largest banking institutions in Japan, agreed to acquire a 15.5% stake in WealthNavi, a platform for asset managers which uses risk management algorithm for asset management advice, for $104m. This capital and business alliance aims to leverage MUFG Bank‘s extensive customer network and WealthNavi’s expertise in automated investment advice to enhance the financial offerings available to consumers.

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