Baker McKenzie acted for Afterpay Touch Group on its recently announced expansion into the UK by acquiring buy now, pay later platform ClearPay, and the successful $117 million placement and proposed $20 million share purchase plan.
Lead partner Guy Sanderson said “We are delighted to have worked with Afterpay on this transaction, which will be a game changer for UK retailers and consumers. Afterpay is a great Australian technology success story and we are very proud to have worked alongside the company on its growth trajectory, from IPO in 2016, merger with Touchcorp in 2017, and now international expansion. Baker McKenzie is pleased to have been able to showcase our international M&A, ECM and fintech industry credentials on this deal.”
The core team on the ClearPay transaction in Sydney were Guy Sanderson and senior associate Lana Tian, and on the placement partner Lauren Magraith and associate Matthew de Cataldo.