Willkie advised Blackstone Growth as co-lead investor in a €175 million Series F funding round for Pennylane, a France-based provider of an integrated financial management and accounting platform.

Pennylane recently announced that it raised €175 million in a financing round led by TCV and Blackstone Growth that values the company at €3.5 billion. In connection with its investment, Blackstone Growth also acquired shares from existing shareholders of Pennylane.

Pennylane’s platform provides a financial operating system that enables business owners and their accountants to work together in a shared workspace.

Blackstone Growth is a seasoned growth equity investor focused on investments in companies with proven business models across five sectors: financial services, consumer, enterprise software, healthcare and consumer technology. The Willkie team was led by partner Dr. Kamyar Abrar and included partners Eduardo Fernandez, Hugo Nocerino and Dr. Michael Ilter, counsel Sebastian Brenner, and associate Sylvain Bureau.