Coghlan Duffy + Co advises founders of Fillr on sale to Rakuten, Inc.

18 December 2020

Melbourne-based tech startup, Fillr, the world’s most intelligent autofill service, has been acquired by Rakuten Americas, the North American division of Tokyo Stock Exchange listed, electronic commerce and online retailing giant, Rakuten, Inc.  Coghlan Duffy + Co Lawyers, led by Director, Charly Duffy, Senior Associate, Zain Kazi and Lawyer, Marcus Triado, were delighted to act for the sellers on the transaction, which solidifies the partnership between Rakuten and Fillr which began in 2018.

Fillr's platform powers tens of millions of transactions monthly for the world's top e-commerce, fintech and 'buy now, pay later’ apps, including Klarna, Affirm, Zip, QuadPay and Rakuten.  Fillr makes it simple for consumers to register for and use buy now, pay later payment services, providing significant opportunities for digital retailers and financial services to grow their conversion rates and overall revenue. The acquisition leverages Rakuten and Fillr’s strong product synergies to accelerate their mutual goals of accelerating transactions, boosting conversions and growing customer lifetime value.

This is the second successful sale for Fillr's co-founders, Chris Koch and Chad Stephens, who sold their first startup, 1Form.com, to REA Group in 2014.  Chris and Chad will continue to lead the Fillr team from Melbourne.

About Fillr

Fillr enables customers to have a seamless checkout experience everywhere. Fillr's 'autofill as a service' seamlessly integrates into mobile apps, enabling customers to transact faster and boosting conversions and revenue, proudly powering tens of millions of transactions a month for the world's top e-commerce, fintech and buy now, pay later apps. For more information visit https://www.fillr.com

About Rakuten

Rakuten, Inc. is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to approximately 1.4 billion members around the world. The Rakuten Group has over 20,000 employees, and operations in 30 countries and regions. For more information visit https://global.rakuten.com/corp/

For more information about this transaction, please refer to the recent articles in PR Newswire and FINSMES.

For further information, contact:

Charly Duffy | Director
T: +61 3 9614 2444  
E: cduffy@cdandco.com.au

Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne. The firm is proud to work with an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.

A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au

Coghlan Duffy + Co advises on the sale of Clover to SuperEd

14 December 2020

Melbourne based robo-adviser, Clover.com.au Pty Ltd (Clover) recently sold its business to digital advice provider, SuperEd Pty Ltd (SuperEd) to create a pre-eminent, retirement focused financial advice FinTech with in-house asset management capabilities. 

Clover was founded in 2015 by former Mercer colleagues Harry Chemay, Sahil Kaura and Darcy Naunton together with Warren Burns, founder of digital agency BurnsRED.  Clover was created to allow a low-cost entry for the many Australians with insufficient wealth or financial resources to seek financial and investment advice.

Coghlan Duffy + Co has acted for Clover since its inception in 2014 and were delighted to assist on this important transaction. The CD + Co team was led by Director, John Coghlan and Senior Associate, Zain Kazi.

For more information about this transaction, see the recent article in PR Wire.

For further information, contact:

John Coghlan | Director
T: +61 3 9614 2444  
E: jcoghlan@cdandco.com.au

Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne, serving clients from ‘idea to IPO’.

The firm is proud to provide legal strategies and solutions to an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.

A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au

Coghlan Duffy + Co advises Sky High Ventures on its successful acquisition of the Boss Air Suspension business

5 May 2020

Sky High Ventures Pty Ltd, an investment vehicle for entrepreneur Tony Stewart, recently completed its acquisition of all of the assets of Boss Air Suspension for an undisclosed amount. Sky High Ventures is a Gold-Coast based manufacturer, wholesaler and retailer of premium quality air suspension products and technology.

Coghlan Duffy + Co were delighted to act for Sky High Ventures on its strategic acquisition.

The transaction includes a licence agreement with the US-based brand’s former parent company, Boss Global LLC, together with a long-term lease of the Queensland factory premises where local manufacturing of various air suspension technologies will continue and is envisaged to grow.

Tony Stewart said, ‘We obviously believe in the Boss brand and product lines and the strength of the operations to date. We also believe in Australian manufacturing: producing high-quality products locally and making those available direct to customers. Our plan is to steadily build the business, work with the US-based founders, and make the most of the opportunities that arise.’

The CD+Co team was led by Director, John Coghlan and Senior Associates Zain Kazi and Sarah Ward.

VT Advisory principal, Thomas Palmieri, advised Sky High Ventures on the business and tax aspects of the transaction.

For further information, contact:

John Coghlan | Director
T: +61 3 9614 2444  
E: jcoghlan@cdandco.com.au

Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne, serving clients from ‘idea to IPO’.

The firm is proud to provide legal strategies and solutions to an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.

A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au