Alibaba Group Invests More Than US$1 Billion to Increase its Stake in Lazada Group
June 30, 2017
Dechert LLP advised Lazada Group, a leading online shopping and selling destination in Southeast Asia, on a US$1 billion investment from Alibaba Group Golding Limited to increase its Lazada ownership stake from 51% to 83%.
Alibaba will purchase the shares of certain Lazada shareholders at an implied valuation of $3.15 billion for the company, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. The transaction will increase Alibaba’s total investment in Lazada to over $2 billion. Lazada will continue to operate under the same brand.
The cross-border Dechert team advising Lazada on this transaction was led by Munich-based corporate partner Federico Pappalardo, and included Munich-based corporate partner Giovanni Russo, national partner Carina Klaes-Staudt, and associates Armin Fary and Karl von Rumohr. Contributions were made in Frankfurt by competition partner Clemens York and associate Laura Stammwitz; and in Luxembourg by financial services partner Jean-Louis Frognet and national partner Laura Rossi.
Read the full press release “Alibaba Increases Stake in E-commerce Platform Lazada.”
About Dechert
Dechert is a global specialist law firm focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients' most important matters. Nothing stands in the way of giving clients the best of the firm's entrepreneurial energy and seamless collaboration in a way that is distinctively Dechert.
Related Professionals
