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A team of lawyers from our global Tech team has advised
Blockchain Coinvestors Acquisition Corp. I (BCSA), a special
purpose acquisition company (SPAC), with respect to a deal to
acquire financial technology company Qenta Inc.
The transaction includes an implied combined pro forma total
enterprise value of approximately $622 million, assuming no
Qenta is a global company that elevates the world’s citizens
and businesses through its frictionless, accessible, secure, and
compliant financial ecosystem. With a vision to digitize all the
world’s assets and transactions, the company started with a
focus on the precious metals sector. By introducing digitized
Responsible Gold”, and multiple recognitions for ESG,
innovation, and Shariah compliance, Qenta brought gold into the
digital age as an efficient store of value and gave it true utility
as a medium of exchange.
Davey Brennan, partner and co-chair of global Tech at Gowling
WLG, led the deal team on the transaction, which included Abby
Parkin, associate (London), Alexandre Brazeau, partner (Dubai), Jon
Parker, partner (Dubai), Simon Elliot, principal associate (Dubai),
Samantha Yung, senior associate (Dubai), Joy Kadi, associate
(Dubai) and Beth Bloor, associate (Dubai). The team was assisted by
the firm’s network of best friend firms in Austria, Bosnia,
Brazil, Cayman Islands, Germany, Ghana, Pakistan and Switzerland.
Our team worked closely with co-counsel lead firms Pillsbury
Winthrop Shaw Pittman LLP and Perkins Coie LLP.
Davey said: “The acquisition involved numerous countries
and time zones and was a fantastic transaction to work on alongside
our co-counsel firms in the US. The deal is further evidence of our
global tech capabilities and ability to handle multi-jurisdictional
deals thanks to a combination of our brilliant people across our
international platform operating as one team, and the strength of
our country desk network.”
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