Cooley has announced that it advised Stash Financial, a US-based digital financial services company, on its agreement to be acquired by Grab Holdings Limited. Under the terms of the deal, Grab will acquire all equity interest in Stash. Payment for 50.1% of Stash’s equity will be made at closing, based on an enterprise value of $425 million. The remaining equity will be paid for at fair market value over three years following the closing.
The completion of the transaction is contingent upon regulatory approvals and other standard closing conditions. The companies expect the deal to close in the third quarter of 2026. After the acquisition, Stash will continue to operate as a stand-alone entity within Grab’s business structure, maintaining its existing recurring revenue model, services, and brand.
The Cooley legal team advising Stash included Steve Tonsfeldt, Kate Nichols, Nathan Baum, Queenie Chen, Ben Ho, Alanna Anderson, Jeff Goldman, Aaron Pomeroy, Jeffrey Tolin and Patrick Sharma.
Cooley LLP works with clients on major transactions and litigation matters. The firm employs nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe.
The information provided does not constitute legal advice or create an attorney-client relationship with Cooley LLP.