18 March 2022
- Bryan Koo, Claudio Cerabolini, Lucio Bonavitacola, Frédérick Lacroix, Laurent Schoenstein, Marc Benzler, Riccardo Coassin, Julien Brun, Cynthia Mo, Alberto Claretta Assandri, Michele Bernardi, Giorgio Di Stasio, Iolanda D'Anselmo, Alice Declercq, Olivier Gaillard, Petra Ho
- Hong Kong, Milan, Paris, Frankfurt
Clifford Chance advises Tencent on its investment in Italy's first unicorn Scalapay
Leading international law firm Clifford Chance has advised Tencent on its role as lead investor in Scalapay's Series B round equity financing round, pursuant to which Scalapay raised US$497 million in aggregate. Based in multiple markets across Southern Europe, Scalapay is an innovative payment solution for e-commerce merchants that enables customers to "buy now and pay later" (BNPL) without interest.
Lead partner Bryan Koo said, "The deal demonstrates our cross-border expertise in advising market-leading transactions and complex financial regulatory matters, further strengthening our firm's successful track record in supporting leading technology and fintech investors."
The multi-jurisdictional transaction also involved partners Claudio Cerabolini, Lucio Bonavitacola (Milan), Frédérick Lacroix, Laurent Schoenstein (Paris) and Marc Benzler (Frankfurt). The partners were supported by counsel Riccardo Coassin (Milan), Julien Brun (Paris) and Christian Hissnauer (Frankfurt), senior associates Cynthia Mo (Hong Kong) and Alberto Claretta Assandri (Milan), associates Jason Chow, Petra Ho (Hong Kong), Michele Bernardi, Giorgio Di Stasio, Iolanda D'Anselmo (Milan), Alice Declercq, Guillaume Fort and Olivier Gaillard (Paris), and trainees Dario Carnazza (Milan), Sibel Tekesultan and Romain Delangle (Paris).