Pine Labs has acquired majority stake in payment solutions firm Mosambee, which is operated by Synergistic Financial Networks Private Limited.

Pine Labs is valued at over US$5 billion and provides a merchant platform and software for point of sale machines.

Trilegal represented Pine Labs Private Limited.

The Partners involved in the deal are Vaibhav Kothari (Corporate), Gautam Chawla (Competition), Tine Abraham (Disputes), and Atul Gupta (Labour and Employment).

They were supported by attorneys including Parag Bhide (Counsel), Saurabh Arora (Principal Consultant), Sakshi Agarwal and Kanishka Maggon (Senior Associates); Anirudh Banga, Kopal Raje, and Madhav Kapoor (Associates) and Charu Tiwari (Consultant).

Quillon Partners acted for Mosambee and the team was led by Partners Ankit Majmudar and Shriti Shah along with Associate Abhimanyu Sharma