Grab to acquire a majority stake in Everrise Departmental Stores from Navis Capital Partners.

Synopsis

Grab, Southeast Asia's leading superapp, agreed to acquire a majority stake in Everrise Departmental Stores, a supermarket chain in East Malaysia, from Navis Capital Partners, a private equity firm. Financial terms were not disclosed.

Principals

target

Everrise Departmental Stores

bidder

Grab Holdings

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Market Context

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Seller Team (1)

gregory bournet

Partner at PricewaterhouseCoopers

Financial Advisor

target

Deals

n/a

Total Value

Bidder Team (2)

anthony tan

CEO at GRAB HOLDINGS

Manager

bidder

Deals

£ 30.17 B

Total Value

peter oey

CFO at GRAB HOLDINGS

Manager

bidder

Deals

£ 28.84 B

Total Value

Vendor Team (1)

rodney muse

Founding Partner at NAVIS CAPITAL PARTNERS

Investor

vendor

Deals

£ 529 M

Total Value

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