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Lightspeed to buy Australian restaurant POS firm Kounta Holdings

Omnichannel point of sale (POS) platform Lightspeed POS has signed an agreement to purchase all of the outstanding shares of Australia-based Kounta Holdings for approximately $35.3m in cash.

Omnichannel point of sale (POS) platform Lightspeed POS has signed an agreement to purchase all of the outstanding shares of Australia-based Kounta Holdings for approximately $35.3m in cash.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  Consult our full report here and optimize your business strategy.
by GlobalData
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The deal is expected to strengthen Lightspeed’s presence across Australia and New Zealand. It will expand its client base to over 7,000 locations covering small and medium-sized brands across cafes, bars, full service restaurants, and high-end boutique hotels.

It will also allow the POS firm to expand into the Asia-Pacific region and enhance customer experiences.

Lightspeed POS founder and CEO Dax Dasilva said: “Kounta’s impressive track record is thanks to its team, and we are excited to welcome them into the Lightspeed family.

“When smart minds collaborate, our merchants are the main beneficiaries of the resulting innovation, ultimately enabling SMBs around the world to reach their full potential through our technology.”

In addition to the $35.3m value, the transaction also covers the issuance of 306,290 subordinate voting shares in Lightspeed at a value of $25.054 per share.

An additional $7.5m in deferred cash consideration, along with the issuance of 299,692 subordinate voting shares in Lightspeed, will be offered to certain Kounta employees through October 2021.

Lightspeed will also offer an additional amount of $3.4m to one selling shareholder in three annual instalments under a marketing alliance agreement.

The acquisition is currently subject to deal customary closing conditions, and expected to close before the end of this month.

Kounta founder and CEO Nick Cloete said: “Joining Lightspeed, a recognised global leader, is a testament to our hard work and also a shared passion for empowering independent businesses.

“We are immensely proud to partner with a company so well aligned on purpose, culture and technology.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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