As reported in the AFR, funds will be used primarily for global growth in existing markets and entry into the Middle East and Europe, with the majority of the new funds being deployed to support New York based QuadPay Inc.
ABL has a long-standing relationship with Zip and has advised on numerous landmark transactions in the past, including its $400 million acquisition of QuadPay and $200 million capital raising, as part of its expansion into the US market.
The transaction was led by ABL Corporate and M&A Partner Gavin Hammerschlag, with assistance from Lawyers Max Grunwald and Nicole Phillips, and Law Graduate Yvonne Truong.
Zip is a leading player in the digital retail finance industry. They offer point-of-sale credit and digital payment services to consumers and provide a variety of retail finance solutions to small, medium and enterprise merchants across numerous industries, both online and in-store, including interest free and buy now, pay later.
About Arnold Bloch Leibler
Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.