Skip to main content
news
People are seen in front of the Tencent company headquarters in Shenzhen, Guangdong province, China August 7, 2020. REUTERS/David Kirton/

Clifford Chance has advised Tencent on its role as lead investor in the $497 million Series B equity financing of Italian buy-now-pay-later firm Scalapay, which was advised by Orrick, Herrington & Sutcliffe. The funding round makes Scalapay the first unicorn in Italy.

Founded in 2019, the Milan-headquartered Scalapay has already landed clients such as Shein, Moschino, Samsonite, Nike, and Pandora. 

The CC team was led by partner Bryan Koo, who was supported by partners Claudio Cerabolini, Lucio Bonavitacola, Frédérick Lacroix, Laurent Schoenstein, and Marc Benzler. Meanwhile, the Orrick team was led by partners Attilio Mazzilli and Shawn Atkinson.

Other investors in this funding round included Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.