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Afterpay embarks on multimillion-dollar deal
Baker McKenzie has advised Afterpay on its multimillion-dollar placement of shares and convertible notes.
Emma Musgrave
Firm: Baker McKenzie (Afterpay Touch Group)
Value: $20 million
Area: Finance
Key players: The Baker McKenzie legal team was led by partner Guy Sanderson, with assistance from senior associates Tharani Dharmaraj and Lana Tian.
Deal significance: According to a statement from Baker McKenzie, the funds will be used partly to scope market entry for the Afterpay product in the United States.
Afterpay is described as a “fintech company with a ‘buy now, pay later’ product that offers simple instalment plans for online shoppers, allowing a purchase to be paid for in four equal fortnightly instalments, interest-free”.
Meanwhile Matrix Partners is a US-headquartered investment firm which focuses on technology venture capital investments.
“We were delighted to act for our long-standing client, Afterpay, having assisted the company since mid-2015 when we first helped raise pre-IPO capital,” Baker McKenzie lead partner Guy Sanderson said.
“The company has continued its stellar performance in continuing to outperform the market and investor expectations.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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