Altimeter Growth Corp Completes Business Combination with Grab; $4.5B Raised
December 1, 2021
Grab Holdings Limited completed a business combination with Altimeter Growth Corp (AGC) and will begin trading on the Nasdaq following the transaction. The deal raised gross proceeds of approximately US$4.5 billion, including a US$4.0 billion PIPE led by funds managed by Altimeter Capital, to fund expansion of Grab's superapp ecosystem across ride-hailing, deliveries and digital financial services.
- Buyers
- Altimeter Growth Corp (AGC), Altimeter Capital Management (funds managed by Altimeter), BlackRock, Counterpoint Global (Morgan Stanley Investment Management), T. Rowe Price Associates, Inc., Fidelity International / Fidelity Management and Research LLC, Janus Henderson Investors, Mubadala, Nuveen, Permodalan Nasional Berhad (PNB), Temasek, K3 Ventures, Djarum (family group), Sariaatmadja family (family group), Sinar Mas (family group)
- Targets
- Grab Holdings Limited
- Industry
- Transportation
- Location
- Singapore
- Transaction Type
- Buyout
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