Hamilton Locke is proud to have advised Five V Capital on its equity investment into Fat Zebra Holdings Pty Ltd.
Fat Zebra is a provider of digital payment solutions to merchants, software providers and other payments platforms in the internet economy.
Five V’s investment represents its partnership with Fat Zebra’s co-founder and CEO, Pred Dragila and the Fat Zebra management team to support the business during its exciting next phase of growth and introduction to the market of new payments innovations. On that theme, as part of Five V’s investment, Fat Zebra has also acquired Adatree, a fintech business building technology for the government’s consumer data right. Fat Zebra’s payment services will be enhanced through Adatree’s open data solutions, keeping the Fat Zebra group at the forefront of open banking.
Commenting on the transaction Brent Delaney, Partner said: “We are delighted to have assisted Five V Capital partner with Fat Zebra. This is an important transaction in Australia’s payments landscape, and we are excited to see what the future holds for Fat Zebra. We enjoyed working closely with Chris Adams and the broader Five V team, as well as the Fat Zebra team, and their respective advisors.”
The transaction required a multi-disciplinary approach, with the deal team led by Partner Brent Delaney and included Special Counsel Joshua Bell, Senior Associate Stephen Vrettos and Lawyer Lorenzo Ricchi.
Partner Jaime Lumsden led the financial services due diligence effort, supported by Special Counsel Jessica Smith and Lawyer Jasmine Tran. The team was further supported during due diligence by our employment team consisting of Special Counsel Tim Zahara, Senior Associate Cormac Foley and Lawyer Georgie Chard alongside our IP team including Special Counsel Ben Cameron, Senior Associate Janice Yew and Graduate Freya Hine.
The Five V deal team was led by Chris Adams with support from Sara Soldo, Aman Sharma and Andrew Kilner. Five V was also supported by PwC Australia, KPMG Australia and Altman Solon.
Click here to read the Five V Capital announcement.
