A close-up view of a young woman using her smartphone
Our Work

Latham Advises Moneybox on Secondary Share Sale

October 24, 2024
Corporate team represents the saving and investing platform in a £70 million investment round primarily facilitated through a secondary share sale.

Latham & Watkins has advised Moneybox, the award-winning saving and investing platform, on investment totalling c.£70 million by Apis Global Growth Fund III, a prominent investor in high-growth, impactful global financial services and technology businesses, and Amundi, Europe’s leading asset manager. The funding round gives Moneybox a pre-money valuation of £550 million, an 84% increase since its Series D round in March 2022.

The transaction will be primarily facilitated through a secondary share sale with existing investors selling 10-15% of the current share capital. As part of the secondary share sale, Moneybox’s 35,000-strong shareholder community, including crowdfund investors, customer shareholders, and employee shareholders, will all also have the opportunity to participate.

Latham previously advised Moneybox on its £30 million Series C and £35 million Series D fundraisings.

The Latham team was led by London corporate partner Robbie McLaren, with associates Jon Fox and Sarala Baskaran. Advice was also provided on employee incentive matters by London partner Kendall Burnett.

Endnotes