G+T advised Square Peg Capital as a major shareholder on the sale of its interest in Vend Limited, a New Zealand based retail management software company, to New York and Toronto Stock Exchange listed Lightspeed. The deal is valued at US$350 million.
The deal represents a significant exit for Square Peg Capital and highlights the fund’s commitment to backing strong start-ups early on and throughout every stage of their journey.
G+T advised Square Peg Capital on the sell side review and negotiations, as well as advising in relation to the fund-side implications.
This deal highlights G+T’s strong ongoing relationship with Square Peg Capital, with the team having also assisted with the establishment of their $600 million 2020 fund and previous funds.
Commenting on the transaction, Deborah said “We were delighted to assist our long-term client on this transaction, and are pleased to continue advising our venture capital fund clients on all aspects of their businesses - from fund establishment, to management restructures, to exit transactions and everything in between.”