Global Tech Team Advises On Major Acquisition By Leading US Blockchain Investment Company – Fin Tech

A group of attorneys from our international Tech group has suggested
Blockchain Coinvestors Acquisition Corp. I (BCSA), a particular
function acquisition firm (SPAC), with respect to a deal to
purchase monetary know-how firm Qenta Inc.

The transaction consists of an implied mixed professional forma complete
enterprise worth of roughly $622 million, assuming no
shareholder redemptions.

Qenta is a worldwide firm that elevates the world’s residents
and companies by its frictionless, accessible, safe, and
compliant monetary ecosystem. With a imaginative and prescient to digitize all of the
world’s belongings and transactions, the corporate began with a
give attention to the valuable metals sector. By introducing digitized
Accountable Gold”, and a number of recognitions for ESG,
innovation, and Shariah compliance, Qenta introduced gold into the
digital age as an environment friendly retailer of worth and gave it true utility
as a medium of alternate.

Davey Brennan, associate and co-chair of world Tech at Gowling
WLG, led the deal group on the transaction, which included Abby
Parkin, affiliate (London), Alexandre Brazeau, associate (Dubai), Jon
Parker, associate (Dubai), Simon Elliot, principal affiliate (Dubai),
Samantha Yung, senior affiliate (Dubai), Pleasure Kadi, affiliate
(Dubai) and Beth Bloor, affiliate (Dubai). The group was assisted by
the agency’s community of greatest pal corporations in Austria, Bosnia,
Brazil, Cayman Islands, Germany, Ghana, Pakistan and Switzerland.
Our group labored intently with co-counsel lead corporations Pillsbury
Winthrop Shaw Pittman LLP and Perkins Coie LLP.

Davey mentioned: “The acquisition concerned quite a few international locations
and time zones and was a incredible transaction to work on alongside
our co-counsel corporations within the US. The deal is additional proof of our
international tech capabilities and skill to deal with multi-jurisdictional
offers due to a mixture of our good individuals throughout our
worldwide platform working as one group, and the power of
our nation desk community.”

Read the original article on GowlingWLG.com

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