Grab Holdings Ltd (GRAB) Form 6-K — Sep 15, 2026
Grab announced definitive agreements to acquire a controlling 60% equity stake in Atome Financial, the digital lending platform of Advance Intelligence Group, for $1.49 billion in cash, with closing expected by Q3 2027 pending regulatory approvals across five Southeast Asian markets. Grab has also agreed to buy the remaining 40% roughly two years after closing under a pre-agreed valuation framework applying 13.0x annualized adjusted EBITDA and 2.5x annualized revenue weighted 75/25, with the equity valuation floored at $2.0 billion and capped at $4.5 billion, and at least half of that consideration settled in cash.
Key figures
- Guidance
- 2028 Group Adjusted EBITDA target upgraded to $1.7 billion with 30%+ Group revenue CAGR from 2025 to 2028; Financial Services segment (including Atome Financial) expected to reach $500 million Segment Adjusted EBITDA and a gross loan portfolio over $6 billion by 2028.
- Deal Value Usd
- 1490000000
- Grab mtu
- nearly 54 million Monthly Transacting Users
- Phase1 stake
- 60% controlling interest in Atome Financial
- Phase2 stake
- remaining 40%, ~2 years after Phase 1 closing
- Expected completion
- Q3 2027, subject to regulatory approvals
- Phase2 cash portion
- at least 50% of Phase 2 consideration settled in cash
- Atome brand partners
- over 30,000 brands
- Phase2 valuation cap
- $4.5 billion
- Atome transacted users
- 25 million cumulative transacted users
- Phase2 ebitda multiple
- 13.0x annualized adjusted EBITDA (75% weight)
- Phase2 valuation floor
- $2.0 billion
- Primary growth capital
- $0.26 billion of the $1.49 billion consideration
- Phase2 revenue multiple
- 2.5x annualized revenue (25% weight)
- Atome gross loan portfolio
- $1 billion (unaudited, six months ended June 30, 2026)
AI analysis
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