Baker McKenzie acted for Afterpay in a AUD 200 million placement to US technology fund, Coatue Management.
Afterpay Touch Group Limited is a leading Australian financial technology company operating in the United States, United Kingdom, Australia and New Zealand. With a market capitalisation of over AUD 7 billion, it is now an ASX/S&P 100 company.
Based in New York, Coatue is one of the world’s largest technology investment firms. It is led by Chief Investment Officer Philippe Laffont, who founded the hedge fund after leaving Tiger Management in 1999.
Coatue specialises in data science, and Afterpay has signed a term sheet for a collaboration agreement with Coatue to work on retail data analytics and future data driven products.
The Baker McKenzie team was led by Guy Sanderson and included Antony Rumboll (Picture) and Eric Li.
Law Firms: Baker McKenzie;