US$690 million acquisition of minority stake in Coda Payments by Smash Capital and Insight Partners
A&G News 2 May 2022
Allen & Gledhill advised Smash Capital and Insight Partners, which were joined by Singapore’s sovereign wealth fund GIC, on their US$690 million investment in Coda Payments, a digital content monetisation platform based in Singapore.
Smash Capital is a later-stage investment firm which is focused on high growth consumer internet, software, and technology companies.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries.
Allen & Gledhill worked closely with its associate firm in Malaysia, Rahmat Lim & Partners, and its network firm in Indonesia, Soemadipradja & Taher, to advise Insight Partners on the acquisition.
Advising Smash Capital as Singapore counsel were Allen & Gledhill Partners Sunit Chhabra, Adrian Ang and Nicholas Soh.
Advising Insight Partners as Singapore counsel were Allen & Gledhill Partners Julian Ho, Alexander Yap, Tan Zhi Feng, Lim Pek Bur, Elsa Chen and Tan Wee Meng.
Advising Insight Partners on Malaysian law issues were Partners Chen Lee Won and Lum Sher Vin from Rahmat Lim & Partners.
Advising Insight Partners on Indonesian law issues was Soemadipradja & Taher Partner Denia Isetianti.