M&A Advisory
K&L Gates
Full Credential Description
K&L Gates advised Leonardo Interactive Pty Ltd (Leonardo.ai), a generative AI company, on its sale to Canva, Inc., a leading global graphic design platform. Leonardo.ai faced the challenge of scaling its innovative platform, which allows users to generate complex visual assets, while also seeking to enhance its market presence. The acquisition by Canva, recognized as Australia’s largest private technology company, provided Leonardo.ai with the necessary resources and strategic backing to accelerate its growth trajectory. The tailored solution involved assembling a cross-border M&A team that included expertise from K&L Gates' Emerging Growth/Venture Capital and Tax teams. This collaboration was crucial in navigating the complexities of the transaction, which required a swift and efficient process. K&L Gates successfully facilitated the deal, ensuring that all legal aspects were addressed promptly, which was essential for Leonardo.ai to realize its vision of democratizing creativity through generative AI. As a result of this acquisition, Leonardo.ai is positioned to leverage Canva's extensive resources and market reach, which is expected to significantly enhance its growth potential. The deal exemplifies K&L Gates' strength in supporting emerging growth companies and highlights the firm's ability to deliver comprehensive legal across multiple jurisdictions, ultimately benefiting both Leonardo.ai and Canva in their strategic objectives.