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Noerr advises Lazada shareholders on complete takeover by Alibaba

The shareholders of Lazada will receive proceeds of more than a billion US dollars from the takeover of the South East Asian shopping portal by Chinese internet firm Alibaba.

The sellers, who include more than 20 existing shareholders such as Rocket Internet, Tesco, Kinnevik, Summit Partners and JP Morgan relied on Noerr’s advice during the transaction (which Lazada values at USD3.15 billion) similar to the investment in Alibaba a year ago.
 
The acquisition means that Alibaba will increase its stake in Lazada from 51 to 83 per cent. The sale results from the put-call agreement that was announced in connection with Alibaba’s investment in Lazada in April 2016 –  at that time based on a valuation of 1.5 billion US dollars for the company. The existing shareholders also relied on advice provided by the Noerr team led by Sascha Leske. 

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