Lazard Engages in Major Advisory Role for GoCardless' $200 Million Secondary Share Sale

In a significant move within the financial advisory landscape, Lazard Ltd. has been appointed to guide GoCardless, a prominent fintech firm that specializes in bank-to-bank payments, on its upcoming secondary share sale amounting to approximately $200 million. This transaction not only reflects GoCardless' growing prominence in the digital payment arena but also marks a pivotal moment for the firm as it seeks to leverage its market position in an increasingly competitive sector.

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Venture Capitalists Turn to Secondary Share Sales as M&A Activity Slows

In an evolving landscape for venture capital, firms are increasingly eyeing secondary share sales as an alternative exit strategy amid a noticeable decline in mergers and acquisitions (M&A). This shift indicates a significant change in how venture capitalists are navigating their portfolios, especially within the technology sector, where traditional exits have become less frequent.

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