Plaza Ventures Innovates with New Liquidity Model

Multi-fund continuation vehicle provides liquidity for investors in StackAdapt

Davies acted for Plaza Ventures in the formation of a complex, multi-fund continuation vehicle for its investment in StackAdapt Inc., with Kline Hill Partners serving as lead investor.

The transaction was designed to provide liquidity to existing investors while preserving their opportunity to participate in StackAdapt's future growth. Bringing together multiple funds and investors across Canada, the United States and Europe, the continuation vehicle required a sophisticated structure to address the interests of a diverse investor base while facilitating continued exposure to a high-performing technology company. The transaction reflects the growing use of innovative  liquidity solutions in the Canadian venture capital market.

The Davies team advising on the transaction includes Brooke Jamison, James O'Shea, Danica Bennewies, Samir Chadha and Samuel Clarkson (Fund Formation); Jennifer Grossklaus and Sergio Rodriguez (Mergers & Acquisitions); and Elie Roth, Jennifer Lee, Michael Cardinal, Ryan Wolfe and Darren Joblonkay (Tax).