Baker & McKenzie LLP

10/02/2024 | Press release | Distributed by Public on 10/02/2024 01:08

Baker McKenzie Legal Adviser to Kleiner Perkins and Peak XV on Sale of Shares in Truecaller

Kleiner Perkins and Peak XV (formerly Sequoia Capital India & SEA) have sold 15,000,000 B-shares in Truecaller through an accelerated bookbuilding procedure.

Truecaller is the leading global platform for verifying contacts and blocking unwanted communication for over 420 million people every month. The company is headquartered in Stockholm and founded in 2009.

Carnegie and J.P. Morgan acted as Joint Bookrunners. Baker McKenzie acted as legal adviser to the sellers with an international capital markets team consisting of Henric Roth and Olof Larsson in Stockholm as well as Adam Farlow in London.