Blackstone, CVC, MUFG Bid for Stake in Vietnam's MoMo
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IN SHORT
Blackstone, CVC Capital Partners, and MUFG are reportedly bidding for a stake in Vietnamese fintech firm MoMo, with binding offers anticipated in September. This potential deal could alter MoMo's investor composition and facilitate exits for existing shareholders. Meanwhile, Lockheed Martin is said to be in the lead to acquire Ultra Maritime, a naval defence unit of Advent International, for an estimated $3.5 billion. The acquisition process for Ultra Maritime is competitive, with other interested parties still in contention.
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Key Numbers
$3.5 billionpotential valuation for Ultra Maritime
Who's Involved
Blackstone
bidder for stake in Vietnamese fintech firm MoMo
CVC Capital Partners
bidder for stake in Vietnamese fintech firm MoMo
MUFG
bidder for stake in Vietnamese fintech firm MoMo
MoMo
Vietnamese fintech firm
Lockheed Martin
leading bidder for Ultra Maritime
Ultra Maritime
naval defence business
Advent International
owner of Ultra Maritime
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Key facts
Blackstone is bidding for a stake in Vietnamese fintech firm MoMo.
CVC Capital Partners is bidding for a stake in Vietnamese fintech firm MoMo.
MUFG is bidding for a stake in Vietnamese fintech firm MoMo.
Binding bids for MoMo are expected in September.
Lockheed Martin is leading the race to acquire Ultra Maritime.
Ultra Maritime is a naval defence business.
Advent International owns Ultra Maritime.
The Ultra Maritime deal could value the company at approximately $3.5 billion.
Other bidders remain interested in Ultra Maritime.
Vietnamese fintech firm MoMo is attracting significant interest from major investment firms, with Blackstone, CVC Capital Partners, and MUFG reportedly among the bidders for a stake in the company. Binding bids are expected to be submitted in September. This transaction has the potential to reshape MoMo's investor base and allow some of its long-time backers to exit their investments.
In a separate development within the defence sector, Lockheed Martin is reportedly leading the race to acquire Ultra Maritime, a naval defence business. Ultra Maritime is currently owned by private-equity firm Advent International. The deal is anticipated to value the company at approximately $3.5 billion. The auction process for Ultra Maritime is described as competitive, with other bidders still showing interest in acquiring the business.
↳ Why This Matters
Vietnamese fintech firm MoMo is attracting significant interest from major investment firms, with Blackstone, CVC Capital Partners, and MUFG reportedly among the bidders for a stake in the company. Binding bids are expected to be submitted in September. This transaction has the potential to reshape MoMo's investor base and allow some of its long-time backers to exit their investments.
Frequently asked questions
Blackstone, CVC Capital Partners, and MUFG are among the bidders for a stake in Vietnam's MoMo.
Potential buyers are reviewing a stake of up to 50% in MoMo.
Binding bids are expected to be submitted in September.
MoMo achieved full-year profitability in 2024, reporting a net profit of approximately $13.4 million, a turnaround from a loss the previous year.
What Happens Next
01Binding bids are due in September.
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