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JSA for Amazon, Sistema in $110m sale of MD&T-client Qwikcilver gift card solutions to Pine Labs

Payments startup Pine Labs has acquired Amazon-backed Qwikcilver, a gift card technology startup for $110 million, it said in a statement Tuesday.


MD&T Partners advised Qwikcilver Solutions Private Limited led by a team of partners Mahesh Devaiah, PV Sandhya, senior associate Sridip Sural, associates KN Belliappa, Sruthi Amarala, associates Mythri Shenoy, Shruti Vijayakumar and KN Belliappa.

J Sagar Associates advised Amazon Asia-Pacific Resources Pte Ltd and Sistema Asia Fund Pte Ltd led by a teamof joint managing partner Vivek K Chandy, partner Archana Tewary and principal associate Siddharth K Vedula for Amazon; Sistema was advised by partner Rohitashwa Prasad and associate Anshu Bansal.


Deal value: 110 million USD

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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