Gibson, Dunn & Crutcher LLP Advises KKR on Investment in Paddle

May 11, 2022

Gibson, Dunn & Crutcher LLP advised KKR on a $200 million Series D financing for Market Limited, a provider of complete payments infrastructure for Software-as-a-Service (SaaS) companies. KKR led the financing round with participation from existing investors FTV, 83North, Notion Capital, Kindred Capital. The investment, at a valuation of $1.4bn, follows a period of rapid growth for the payments infrastructure company. Founded in the UK, Paddle will use the investment to accelerate its global expansion amid rapidly growing demand from scaling companies. KKR’s investment was made through its Next Generation Technology Growth Fund II. Additional information is available in the announcement release.

The Gibson Dunn team in London is led by corporate partner Wim De Vlieger and associate Lucy Conway and includes Levi Marelus (Corporate), Bridget English (Tax), and Georgia Derbyshire (Employment).