Hamilton Locke is thrilled to have acted for Partners for Growth (PFG), a Silicon Valley-based venture debt and growth finance fund on its secured multi-tranche loan note facility to Australian-based e-commerce business, Global Marketplace to fund its acquisition of New Zealand online marketplace, GrabOne.

Global Marketplace is the parent company of Click Frenzy – a market leading brand known for its major 24-hour online shopping events hosted multiple times a year on its Click Frenzy website, and substantial retail deals in between such online retail events, attracting millions of Australian consumers to its website each year. Global Marketplace is also the parent company of Power Retail, a leading provider of news and information resources to the online and multi-channel retail community, catering to all levels of e-commerce businesses from lounge room start-ups to established multi-channel powerhouses.

Global Marketplace has secured debt funding through the facility provided by PFG, which is key to its growth and expansion plans into the New Zealand online retail space.

The Hamilton Locke team was led by partner Zina Edwards, special counsel Lauren Cloete and lawyer Mai Dang.