2020 M&A Annual Review

Morrison & Foerster is ranked Band 1 for Japan: International & Cross-Border Capabilities: International. Chambers Global 2020 “Their quality, speed, accuracy and high level of advice are outstanding. Not only can they provide us with practical legal advice but also they have commercial sense, which is amazing.” Japan Editorials, Chambers Asia-Pacific 2020 MITSUBISHI UFJ Morrison & Foerster represented three entities within the Mitsubishi UFJ Financial Group in their combined $706 million investment into Grab Holdings, the Singapore-based ride-hailing company. We also advised MUFG Bank on a strategic alliance agreement with Grab in connection with the investment, outlining MUFG Bank’s and Grab’s efforts to collaborate on offering existing and future financial products and services to customers throughout Southeast Asia and Japan, seeking to capitalize on the parties’ respective strengths in financial products and Grab’s advanced technologies and data management expertise. The alliance also provides MUFG with the opportunity to deepen synergies in its Southeast Asia network and take advantage of business opportunities in the region. MUFG’s investment comes on the heels of Grab’s rapid growth in 2019, when the company established itself as the leading ride-hailing, food delivery, and digital payments provider in Southeast Asia, and expanded Grab Financial Group to include financial services products such as consumer insurance and lending services.