Allen Overy advises Forevision Holdings Limited on its acquisition of a controlling stake in Block

The Singapore-based investment firm Foresight is focused on investments in blockchain technology and the cryptocurrency industry. It acquired a controlling stake in The Block, one of the leading media companies focused on the digital asset space. The transaction is aimed at boosting Foresight Ventures’ position in the U.S. market and separates The Block’s financial ties with FTX.

The transaction was led by M&A partner Dario de Martino and associate Mara Goodman, with support from Twanesha Singleton and James Heaney. Partner Brian Jebb, senior counsel Jason Rothschild, and associates Gina Marini and Alexandra Sentner advised on employment matters. IP advice was provided by partner Alex Touma and associates Jack Weinert, Bertrand Nzabandora and Florence Duong. Partner Helen Christakos and associate Sonya Aggarwal provided privacy advice. Partner Maura Rezendes and senior counsel Kuang Chiang provided CFIUS advice. Securities advice was provided by partner Bill Satchel and associate Christine Liu. Partner Elizabeth Leckie and associate John Azzopardi advised on finance matters. Tax advice was provided by partner Caroline Lapidus and associate Solomon Braun.

New York corporate and M&A partner Dario de Martino, who is co-chair of A&O’s fintech and blockchain practice, led the cross-practice A&O team. He commented: