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New Deal


Announced

Completed

A consortium of investors led a $285m funding round in Pine Labs.

Financials

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Transaction Value£204m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Venture Capital

retail automation

software

payment processing

Payments / Commerce

India

Friendly

Completed

Private

Private Equity

Acquisition

Minority

Single Bidder

Synopsis

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A consortium of investors including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures, Ward Ferry Management, Temasek, Lone Pine Capital and Sunley House Capital led a $285m funding round in Pine Labs, a fintech company. "We excel in enterprise merchant payments and now want to scale new frontiers in the online space as well, and at the same time continue to power the credit and commerce needs of our offline merchant partners,” B Amrish Rau, Pine Labs CEO.

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