Frank\u00adfurt a. M. \u2014 Will\u00adkie Farr & Gallag\u00adher LLP has advi\u00adsed Blackstone Growth (\u201cBxG\u201d) on its invest\u00adment in the Series F finan\u00adcing round of French fintech company Pennylane SAS (\u201cPennylane\u201d), which builds and opera\u00adtes an inte\u00adgra\u00adted finan\u00adcial manage\u00adment and accoun\u00adting plat\u00adform aimed prima\u00adrily at small and medium-sized enter\u00adpri\u00adses and accoun\u00adting firms.<\/p>\n
Pennylane was valued at appro\u00adxi\u00adm\u00adately EUR 3.5 billion (fully diluted) in the EUR 175 million Series F finan\u00adcing round.<\/strong> As part of the invest\u00adment, BxG acqui\u00adred addi\u00adtio\u00adnal shares in exis\u00adting Pennylane compa\u00adnies. Pennylan\u00ade\u2019s plat\u00adform acts as a unified \u201cfinan\u00adcial opera\u00adting system\u201d where busi\u00adness owners and their accoun\u00adtants can colla\u00adbo\u00adrate in a shared workspace. It uses auto\u00adma\u00adtion and AI to reduce manual tasks such as data entry, bank recon\u00adci\u00adlia\u00adtion, docu\u00adment proces\u00adsing and tran\u00adsac\u00adtion cate\u00adgo\u00adriza\u00adtion. Pennylane also offers busi\u00adness account func\u00adtion\u00ada\u00adlity and payment tools, often in part\u00adner\u00adship with licen\u00adsed finan\u00adcial insti\u00adtu\u00adti\u00adons, so custo\u00admers can make payments, manage tran\u00adsac\u00adtions and even issue profes\u00adsio\u00adnal payment cards \u2014 all on the same platform. <\/p>\n Blackstone Growth<\/strong> is an expe\u00adri\u00aden\u00adced growth equity inves\u00adtor with offices in New York City (head\u00adquar\u00adters), San Fran\u00adcisco, London and Tel Aviv, acqui\u00adring and inves\u00adt\u00ading in compa\u00adnies with proven busi\u00adness models in the follo\u00adwing five sectors: Finan\u00adcial Services, Consu\u00admer Products, Enter\u00adprise Soft\u00adware, Health\u00adcare and Consu\u00admer Technology.<\/p>\n Advi\u00adsor to Blackstone: Will\u00adkie Farr & Gallag\u00adher LLP<\/strong><\/p>\n The Will\u00adkie team was led by part\u00adner Dr. Kamyar Abrar (Frank\u00adfurt) and compri\u00adsed part\u00adners Ed Fernan\u00addez, Hugo Noce\u00adrino (both Paris), Dr. Michael Ilter (Frank\u00adfurt), coun\u00adsel Sebas\u00adtian Bren\u00adner (Frank\u00adfurt) and asso\u00adciate Sylvain Bureau (Paris).<\/p>\n About WILLKIE Frank\u00adfurt a. M. \u2014 Will\u00adkie Farr & Gallag\u00adher LLP has advi\u00adsed Blackstone Growth (\u201cBxG\u201d) on its invest\u00adment in the Series F finan\u00adcing round of French fintech company Pennylane SAS (\u201cPennylane\u201d), which builds and opera\u00adtes an inte\u00adgra\u00adted finan\u00adcial manage\u00adment and accoun\u00adting plat\u00adform aimed prima\u00adrily at small and medium-sized enter\u00adpri\u00adses and accoun\u00adting firms. Pennylane was valued at approximately [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":59011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-59013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
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\n Will\u00adkie Farr & Gallag\u00adher LLP provi\u00addes leading legal solu\u00adti\u00adons to complex, busi\u00adness-criti\u00adcal issues that span markets and indus\u00adtries. Our appro\u00adxi\u00adm\u00adately 1,300 lawy\u00aders in 16 offices world\u00adwide provide inno\u00adva\u00adtive, prag\u00adma\u00adtic and sophisti\u00adca\u00adted legal services in around 45 areas of law. \u2014 www.willkie.com<\/p>\n","protected":false},"excerpt":{"rendered":"