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.

Corporate Advisory partner Deborah Johns led the transaction, with support from lawyers Judy Hsu and Sam Kaelin.

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.”