Dechert LLP advised Lazada Group, the largest eCommerce platform in Southeast Asia, on its agreement to acquire Redmart, Singapore’s pioneer e-grocer.

In their joint press release, the companies stated both parties will benefit from each other’s cutting-edge technological and operational infrastructure, as well as an extended customer network. RedMart will continue to operate independently post the transaction, which is expected to close in Q4 2016.

Munich-based partner Federico G. Pappalardo led the global, multidisciplinary Dechert team advising Lazada. Members of the team included Giovanni Russo, Carina Klaes-Staudt, Dr. Armin Fary LL.M. (all C&S) and Dr. Olaf Fasshauer (Finance, all Munich), Patrick Lyons, Kevin-Paul Deveau and Laurence Gorley (Finance, all London). Further advisors to Lazada on this transaction included Allen & Gledhill (local legal counsel in Singapore), AZB & Partners (local legal counsel in India), and Ernst & Young (finance & tax). Redmart was advised by Jones Day.

Read the full press release, "Alibaba-backed Lazada Group and RedMart team up in Singapore."