Trilegal, Cooley, AZB & Partners, Latham & Watkins, Shardul Amarchand Mangaldas (SAM) and CMS INDUSLAW advised on Meta’s US$900 million Series H investment in CRED at a post-money valuation of US$4.5 billion.
The investment gives Meta an approximately 20% stake in the Indian fintech company. The transaction also contemplates Kunal Shah’s transition from CRED to a global leadership role at Meta, where he is expected to head WhatsApp.
CRED is a leading Indian fintech platform focused on credit card payments, consumer financial products and rewards-based financial services.
Trilegal advised CRED and Kunal Shah on the transaction.
The Trilegal Corporate team advising on the matter was led by Partners Amit Khansaheb and Nikhil Sachdeva and comprised Counsel Narayan Gupta, Senior Associates Sindhujaa Nayak and Yashwanth Chandrasekaran, and Associate Sidharth Pattnaik.
The Competition team was led by Partner Aparna Mehra and comprised Counsel Kshitij Sharma and Senior Associate Karan Arora.
Cooley advised CRED on the investment.
The Cooley team was led by Rishab Kumar and Grigor Lynch, with support from Aaron Pomeroy, Meghana Bhimarao, Zi Ye and Brandon Lefebvre.
AZB & Partners advised Meta on this transaction.
The transaction was led by Senior Partner Nandish Vyas, with support from Senior Associates Karun Jhangiani, and Anish Patel, Associates Aditya Agarwal, Freya Irani and Shraddha Sethia.
Senior Partner Aditya Singh Chandel, Partner Shruti KP, Senior Associate Suhail Bansal. And Associate Akshay Jain advised on Tax law aspects.
Senior Partner Ram Kumar Poornachandran, Partner Dinoo Muthappa, Senior Associates Vayashnavi Ganesh, and Anjali Kumar advised on anti-trust law aspects.
Latham & Watkins served as the international legal counsel for Meta on this transaction.
The transaction team consisted of Partner Saad Khanani and Counsel Jennifer Cadet.
Shardul Amarchand Mangaldas & Co advised six investors on selling their stakes to Meta.
A transaction team led by Partner and Regional Practice Head (M&A and Private Equity, General Corporate) Raghubir Menon, and Partner Anirban Bhattacharya, advised shareholders Peak XV Partners, Coatue, DST Global, Alpha Wave Global, and GIC.
A transaction team led by Partners Pooja Sondhi and Manita Doshi advised Tiger Global.
CMS INDUSLAW advised Ribbit Capital, another investor in CRED, on this transaction.
The transaction team consisted of Partners Winnie Shekhar, and Shantanu Singh and Senior Associate Deepansh Goyal.
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