B2RLaw has advised Partners for Growth on its USD 25 million venture debt financing for Opontia. Kinstellar Turkey affiliate Gen Temizer Ozer advised Partners for Growth on Turkish law matters with Rajah & Tann and Al Sharif Law advising the fund in Singapore and Saudi Arabia, respectively.
According to B2RLaw, “Partners for Growth is a San Francisco Bay Area-based global credit fund, with over USD 1.3 billion dollars of committed financing since inception. The firm was founded in 2004 by the former managers of San Francisco investment bank Hambrecht & Quist’s venture lending business. PFG provides financing for venture and non-venture backed companies across the globe.”
Opontia is an e-commerce company founded in February of 2021 by Philip Johnston and Manfred Meyer. The company buys and grows e-commerce brands in the CEEMEA. Since October of 2021, Opontia operates in Poland as well.
According to B2RLaw, ”this transaction was part of a USD 42 million Series A round led by STV.”
B2RLaw’s team included Partner George Havaris, Counsel Filip Badziak, Senior Associate Radoslaw Minh Nguyen, Associate Julia Pycka, and Junior Associate Maria Markowska.
Gen Temizer Ozer’s team included Partner Baran Gen, Managing Associate Mert Elcin, and Associate Beliz Zorlu.