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Kirkland & Ellis Advises MoneyHero Group on Business Combination
Kirkland & Ellis recently advised MoneyHero Group on its business combination with Bridgetown Holdings Limited, a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital. The transaction values MoneyHero Group at $200 million and the combined company will have a post-transaction enterprise value of approximately $342 million. The combined company will be publicly traded on NASDAQ under the ticker symbols “MNY” and “MNYWW.”
About MoneyHero Group
MoneyHero Group is a market leader in the online personal finance aggregation and comparison sector in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia. Founded in 2013, the company offers a comprehensive platform that allows consumers to compare and apply for various financial products, including credit cards, loans, insurance, and investment products. MoneyHero Group has established partnerships with more than 100 financial institutions and has served millions of customers in the region.
About Bridgetown Holdings Limited
Bridgetown Holdings Limited is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company is sponsored by Pacific Century Group and Thiel Capital and is led by Chief Executive Officer Daniel Wong and Co-Chairs Peter Thiel and Richard Li.
About Kirkland & Ellis
Kirkland & Ellis is a global law firm with more than 2,900 attorneys in 16 offices around the world. The firm provides a full range of legal services to clients in various industries, including private equity, M&A, capital markets, restructuring, and intellectual property. Kirkland & Ellis has been recognized as one of the top law firms in the world by various legal publications and has received numerous awards for its excellence in legal services.
Kirkland Team Involved in the Transaction
The Kirkland team that advised MoneyHero Group on the business combination was led by corporate partners Joey Chau, Jesse Sheley, Steve Lin, and Joseph Raymond Casey. The team also included associates Lisa Zhang, Ryan Junck, and Johannah Bernstein, as well as several other professionals.
Overall, the transaction marks a significant milestone for MoneyHero Group and reflects the company’s continued growth and expansion in the region. With the support of Bridgetown Holdings Limited and the expertise of Kirkland & Ellis, MoneyHero Group is well-positioned to achieve its strategic objectives and create value for its stakeholders.
