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Deal News

Phoenix Legal Advises Singapore Based Pine Labs In Its Series I Fund Raise From Lone Pine Capital

30 Dec 2020 7:36 AM GMT
Phoenix Legal Advises Höegh LNG

Phoenix Legal Advises Höegh LNG

2020's first Indian unicorn, Pine Labs, is one of Asia's largest merchant platform companies and provides financing and last-mile retail transaction technology to merchants.

Post this round of fundraising, Pine Labs is valued at in excess of USD 2 billion and is one of India's most valuable fintech startups. The transaction involved a mix of primary and secondary shares. Phoenix Legal acted as the legal counsel for Pine Labs and advised the Pine Labs team on transaction structuring, deal documents and anti-trust matters.

The Phoenix team advising on this matter comprised of Saket Shukla (Partner), Sriram Ramachandran (Partner) and Maryam Naaz Quadri (Associate).

Goodwin Proctor (Hong Kong) represented Lone Pine Cap with a team comprising of Abhishek Krishnan (Partner), Asmita Mishra and Anwesha Halder. Cyril Amarchand Mangaldas, led by partners Kota Chandan and Anshuman Sakle advised Lone Pine on the Indian law aspects of the transaction.

Madison (one of the selling shareholders) was represented by Nishith Desai Associates, with a team comprising of Poonam Sharma and Deepika Yadav.

AZB & Partners represented Sequoia (an existing investor) with a team comprising of Dushyant Bagga (Partner) and Swati Chauhan (Partner).

Khaitan & Co represented Temasek (an existing investor) with a team of Vineet Shingal (Partner), Tanvi Arora and Rohan Shrivastava.

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