WeCommerce Holdings Ltd.’s $110 Million Acquisition of Stamped.io Pte. Ltd.

Davies acted for WeCommerce on the acquisition and financing.

Canadian e-commerce technology company WeCommerce Holdings Ltd. (WeCommerce) has successfully closed the previously announced acquisition of substantially all the assets of Stamped.io Pte. Ltd., a leading software-as-a-service platform based in Singapore, for cash and share consideration of up to US$110 million.

Prior to the closing of the transaction, valued at up to US$110 million, WeCommerce entered into a US$80-million senior secured credit facility with a syndicate of lenders led by JPMorgan Chase Bank.

Launched in 2019 on the TSX-V and sponsored by Bill Ackman, WeCommerce focuses on acquiring businesses that serve the Shopify Partner ecosystem. The acquisition is expected to boost WeCommerce’s organic growth and operating margins, while increasing the revenues generated from recurring subscription revenue streams.

Davies acted for WeCommerce with a team that included Patricia Olasker (Picture), Zain Rizvi and Avani Verma (Corporate/M&A); Jared Solinger and Ghaith Sibai (Capital Markets); Julie Colden and Chris Anderson (Tax); and Scott Hyman, Emily Uza and Stephen Dalby (Finance).

 

Involved fees earner: Christopher Anderson – Davies Ward Philips & Vineberg; Julie Colden – Davies Ward Philips & Vineberg; Stephen Dalby – Davies Ward Philips & Vineberg; Scott Hyman – Davies Ward Philips & Vineberg; Patricia Olasker – Davies Ward Philips & Vineberg; Zain Rizvi – Davies Ward Philips & Vineberg; Ghaith Sibai – Davies Ward Philips & Vineberg; Jared Solinger – Davies Ward Philips & Vineberg; Emily Uza – Davies Ward Philips & Vineberg; Avani Verma – Davies Ward Philips & Vineberg;

Law Firms: Davies Ward Philips & Vineberg;

Clients: WeCommerce Holdings Ltd.;

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Martina Bellini

Author: Martina Bellini