Members of Orrick’s Technology Companies Group in Paris are advising French startup KissKissBankBank on its acquisition by La Banque Postale.
KissKissBankBank is a French crowdfunding platform. Since its launch in 2009, it has financed more than 27,000 creative, associative and entrepreneurial projects.
La Banque Postal, a subsidiary of the French national postal service, will acquire 100 percent of the shares of KissKissBankBank and Co., publisher of the KissKissBankBank, Hellomerci and LENDOPOLIS platforms. This acquisition will expand La Banque Postale’s products and services offering to meet the needs of customers and news and banking users.
This is the latest in a string of buy and sell side transactions led by Orrick’s Tech Companies Group in France – including many that have been cross-border.
Orrick has been advising KissKissBankBank since 2009. The team advising KissKissBankBank on this transaction was led by Saam Golshani, Julien Bensaid and Agnieszka Opalach and included Emmanuel Bénard and Chek-Lhy Luu.