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 Rahmat Lim & Partners Partners Chen Lee Won and Lum Sher Vin.
Advising Insight Partners on Indonesian law issues was Soemadipradja & Taher Partner Denia Isetianti.
