Thursday, November 24, 2022

International Tech Group Advises On Main Acquisition By Main US Blockchain Funding Firm – Fin Tech

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

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

Qenta is a worldwide firm that elevates the world’s residents
and companies via its frictionless, accessible, safe, and
compliant monetary ecosystem. With a imaginative and prescient to digitize all of the
world’s property and transactions, the corporate began with a
deal with 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, companion and co-chair of worldwide Tech at Gowling
WLG, led the deal workforce on the transaction, which included Abby
Parkin, affiliate (London), Alexandre Brazeau, companion (Dubai), Jon
Parker, companion (Dubai), Simon Elliot, principal affiliate (Dubai),
Samantha Yung, senior affiliate (Dubai), Pleasure Kadi, affiliate
(Dubai) and Beth Bloor, affiliate (Dubai). The workforce was assisted by
the agency’s community of finest buddy corporations in Austria, Bosnia,
Brazil, Cayman Islands, Germany, Ghana, Pakistan and Switzerland.
Our workforce labored intently with co-counsel lead corporations Pillsbury
Winthrop Shaw Pittman LLP and Perkins Coie LLP.

Davey mentioned: “The acquisition concerned quite a few nations
and time zones and was a improbable 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 because of a mixture of our sensible folks throughout our
worldwide platform working as one workforce, and the power of
our nation desk community.”

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