BDA Partners: BDA Advises Mitsubishi Corporation on Investment in Globe Fintech Innovations

New York, NY October 23, 2024 --(PR.com)-- BDA Partners is pleased to announce that its client, Mitsubishi Corporation ("MC"), Ayala Corporation (AC), and AC Ventures Holding Corp (ACV) have reached an agreement on MC's investment in ACV subject to the execution of definitive transaction documents and the satisfaction of customary closing conditions. AC is a major conglomerate in the Philippines and ACV currently holds a c.13% stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of GCash, the Philippines' number one finance super app and largest digital cashless ecosystem in the country. Under the terms of the agreement, MC shall acquire a 50% stake in ACV and pursue future investment opportunities.Please see the full announcement here.Jeff Acton, Partner and Co-Head of BDA Tokyo, said: "BDA is proud to have advised Mitsubishi on this important investment in Mynt, which is a key step for its digital finance strategy in Asia. We're seeing high growth in the FinTech space in Asia, driving momentum for capital raise and M&A transactions across the region."Anindita (Andi) ...Full story available on Benzinga.com