Latham Advises TCV on Pennylane’s €175 Million Funding Round

Latham & Watkins has advised TCV, a leading growth equity investor, on the €175 million funding round of Pennylane, a French accounting production and financial management platform for accounting firms and their clients.

The round was led by TCV, with participation from Blackstone through funds managed by Blackstone Growth. Existing shareholders, including Sequoia, DST, CapitalG, and Meritech, also participated in the round.

The Latham team was led by Paris corporate partner Pierre-Louis Cléro, with counsel Raphaël Darmon, and associate Alexandre de Puysegur