Global law firm White & Case LLP has advised Softbank Vision Fund II on its investment as lead investor in the £220 million fundraising by Zopa Group Limited.
"This is the latest in a number of deals on which we have advised Softbank Vision Fund II and is further evidence of our expertise advising on investments in fast growing tech businesses,” said White & Case partner Dan Turgel, who co-led the Firm's deal team.
The investment in Zopa was announced today by Lord Grimstone of Boscobel Kt, Minister for Investment, at the UK Global Investment Summit.
White & Case partner Emmie Jones, who co-led the Firm's deal team, said: "Softbank Vision Fund II’s investment into Zopa is testament to the strength of the UK’s fintech sector and in particular its nascent neobanking sector."
Zopa operates an online lending business, which offers a suite of consumer finance solutions. Founded in London in 2004, the company has been a pioneer in fintech for 16 years. It was one of the first movers in the space in the UK, launching the first P2P lending platform in 2005 and has since then launched a licensed UK bank.
The White & Case team in London which advised on the transaction was led by partners Dan Turgel and Emmie Jones, with support from partners Nicholas Greenacre, Jonathan Rogers, Tim Hickman, Philip Trillmich and Marc Israel, and associates Helen Pantelides, Nick Crawford, Claire Sackman, Francis Brown, Kate Russell, Francesca MacSwiney, Harriet Baldwin, Joe Devine and Luc Rosenberg.
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