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MUFG to acquire Grow Inc after ACCC approval

PUBLIC · MUFGOct 07, 2026

Acquiring Company

Mitsubishi UFJ Financial Group

Acquired Company

Grow

ChiyodaFinancial ServicesFinanceLendingFinancial ServicesFinance

Description

The ACCC has finalized the approval for MUFG's takeover of Grow Inc at a discounted price. This decision comes after Grow's failure during a system upgrade for HESTA, which led to significant financial instability. MUFG aims to stabilize Grow's operations moving forward.

Company Information

Company

Mitsubishi UFJ Financial Group

Location

Chiyoda, Tokyo, Japan

About

Mitsubishi UFJ Financial Group Inc. is a leading financial services company based in Tokyo. With a strong focus on asset management for individual customers, MUFG aims to provide comprehensive financial services and solutions to its clients.

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ML-powered predictions for Mitsubishi UFJ Financial Group's next move

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Frequently asked

Who acquired Grow?

Grow was acquired by Mitsubishi UFJ Financial Group, based in Chiyoda. The deal was reported on October 7, 2026. Mitsubishi UFJ Financial Group Inc. is a leading financial services company based in Tokyo. Mitsubishi UFJ Financial Group is publicly traded (MUFG) and operates in Financial Services.

When did Mitsubishi UFJ Financial Group acquire Grow?

Mitsubishi UFJ Financial Group's acquisition of Grow was reported on October 7, 2026. The ACCC has finalized the approval for MUFG's takeover of Grow Inc at a discounted price. This decision comes after Grow's failure during a system upgrade for HESTA, which led to significant financial instability. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Grow do?

Grow Inc is a technology firm that specializes in administration services for financial entities. The company faced challenges after a significant system upgrade failure last year. It is privately held, operating in Financial Services.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.