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Milbank Advises Lightrock on Envisaged Business Combination of Lilium with Publicly Listed Qell and Related PIPE Investments
Milbank advised Lightrock (the former impact investing arm of LGT) as well as LGT as shareholders of Lilium GmbH (“Lilium”), a leader in regional electric air mobility, in connection with Lilium’s envisaged business combination with Qell Acquisition Corp.(“Qell”), a publicly listed special purpose acquisition company (Nasdaq: QELL) focusing on the development of next-generation, sustainable mobility. Moreover, Milbank advised Lightrock and LGT on related PIPE investments. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker symbol LILM. The transaction values the combined company at an implied $3.3 billion pro forma equity value at…
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Milbank Advises General Atlantic on Strategic Partnership with Staffbase
Milbank advised General Atlantic, a global growth equity firm, on the strategic partnership with Staffbase, a leading provider of digital solutions for internal communications. General Atlantic is acting as lead investor in the $145 million (€122 million) financing round in the start-up to help the company grow internationally and strengthen its global leadership in the employee engagement space. Existing investors Insight Partners and e.ventures will also contribute to the financing round. Staffbase, headquartered in Chemnitz, Germany, is one of the fastest growing internal communications platform providers for enterprise companies. The Staffbase platform enables companies to communicate quickly and effectively with all of their employees – whether through corporate-branded communications, the publication of news items…
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Milbank berät H.I.G. Capital bei Verkauf von Infinigate Holding AG an Bridgepoint
Milbank hat H.I.G. Capital, eine führende, weltweit tätige Beteiligungsgesellschaft mit einem verwalteten Eigenkapital von über 35 Milliarden Euro, beim Verkauf der Infinigate Holding AG an Bridgepoint, einen globalen Private Equity Investor, beraten. Der Vollzug der Transaktion steht unter dem Vorbehalt der Genehmigung durch die zuständigen Wettbewerbsbehörden. Das Kerngeschäft von Infinigate ist der Vertrieb von Software. Das Unternehmen agiert als Bindeglied zwischen Herstellern und Resellern, verschafft disruptiven Herstellern Marktzugang und bietet Herstellern und Resellern Value Added Services wie technischen Support, Schulungen und Marketingunterstützung. Infinigate konzentriert sich auf die stark wachsenden Segmente Cybersecurity und Cloud und unterstützt mit einem Netzwerk von mehr als 10.000 Resellern multinationale Softwarehersteller bei ihrer Expansion in ganz…
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Milbank Advises Otto Group on Proposed Sale of Mondial Relay to InPost
Milbank LLP advised the Otto Group on the proposed sale of Mondial Relay SAS to Amsterdam Stock Exchange-listed InPost S.A. The parties have entered into exclusive discussions regarding the proposed transaction, which is currently expected to be completed by the end of the second quarter of 2021. Mondial Relay operates the second-largest Pick-up Drop-off ("PUDO") network in France and currently services around 131 million parcels per annum via a network comprising four depots and hubs as well as approximately 10,000 PUDO points, making it the largest independent PUDO player by volume in France. The Otto Group views the proposed transaction as an outstanding opportunity to provide the Mondial Relay with…
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Milbank Advises SVP Global and EnTrust Global on Acquisition of Aviation Investment and Asset Management Business from DVB Bank
Milbank advised the Blue Sky Aviation strategy of EnTrust Global, a leading alternative asset management firm, and funds managed by Strategic Value Partners and its affiliates, a global investment firm, on the acquisition of DVB Bank Group’s Aviation Investment and Asset Management business, one of the global leading aviation service companies. The business will be acquired through Deucalion Aviation Limited, a newly incorporated UK joint venture company between EnTrust and SVPGlobal. EnTrust and SVPGlobal’s support is expected to further enhance the business’s growth internationally and allow it to explore complementary opportunities arising from the current aviation industry dislocation. The Aviation Investment and Asset Management business is a global aviation management…
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AUTO1 Successfully Completes First German IPO of 2021 with Milbank
Milbank advised AUTO1 Group SE, Europe’s leading digital automotive platform, on Germany’s first successful IPO in 2021. In the course of the IPO, shares of AUTO1 were placed at €38 per share. Gross proceeds to the company and selling pre-IPO shareholders are estimated at €1.8 billion. The placement price indicates a market capitalization at the start of trading of €7.9 billion (after the issuance of further new shares to certain holders of a convertible loan). This is the biggest initial public offering in Germany since June 2019 and one of the biggest German offerings of the past two decades. Stock exchange trading on the Frankfurt Stock Exchange will commence on…
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Milbank Advises EMH and its Co-Shareholders on Sale of a Majority of Shares in Native Instruments GmbH
Milbank advised EMH Digital Growth Fund GmbH & Co. KG and its co-shareholders on the sale of a majority of their shares in Native Instruments GmbH, the Berlin-based global leader in digital music creation software and hardware, to Francisco Partners. EMH and its co-shareholders, members of the Native Instruments founding team, will remain minority shareholders. The transaction took place as part of an auction process. EMH Partners is an owner-led investment firm. EMH Partners supports the growth of Mittelstand companies with capital, digitalization and expansion expertise. EMH Partners invests in market leading, owner-managed companies to accompany them in partnership during the next growth phase. Today, EMH Partners manages more than EUR 1 billion of…
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Milbank berät Jedox und Gesellschafter bei Finanzierungsrunde
Milbank hat die Jedox AG und ihre Gesellschafter im Zusammenhang mit einer Finanzierungsrunde beraten. Neben den bestehenden Investoren eCAPITAL und Iris Capital gehört die globale Venture Capital- und Private Equity-Gesellschaft Insight Partners zu den Kapitalgebern. Jedox erhält einen großen Teil des Gesamtinvestments von über 100 Millionen US-Dollar; ein weiterer Teil geht an langjährige Investoren und Unterstützer wie etwa eCAPITAL und Wecken & Cie. Das Investment soll für die Beschleunigung des Kundenwachstums und die Erhöhung der globalen Präsenz sowie die Verbesserung der Plattformen für abteilungsübergreifende integrierte Geschäftsplanung, Reporting und Analyse eingesetzt werden. Die Transaktion ist unter anderem noch von der fusionskontrollrechtlichen Freigabe abhängig. Jedox AG mit Hauptsitz in Freiburg im Breisgau…
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Führende Finance und Corporate Partner schließen sich Milbank in Deutschland an
Die beiden renommierten Transaktionsanwälte Barbara Mayer-Trautmann and Markus Muhs schließen sich Milbank LLP an und verstärken dort die Praxisgruppen Global Banking and Leveraged Finance (Barbara Mayer-Trautmann) und Global Corporate (Markus Muhs). Barbara Mayer-Trautmann und Markus Muhs treten der Sozietät als Partner bei und werden am Standort München ansässig sein. Barbara Mayer-Trautmann, eine der führenden Anwälte im deutschen Finanzierungsmarkt, ist auf Leveraged-Finanzierungen für Large- und Mid-Cap Unternehmenskäufe, Infrastrukturfinanzierungen, allgemeine Unternehmenskredite für Investment Grade- und Sub-Investment Grade-Kreditnehmer sowie Restrukturierungen spezialisiert. Sie ist auch als englische Anwältin zugelassen und berät regelmäßig zu Finanzierungen nach englischem Recht. Markus Muhs ist auf Private Equity-Transaktionen fokussiert, wobei ein besonderer Schwerpunkt seiner Tätigkeit auf deutschen…
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Milbank Advises Pemberton on Recapitalization of Rameder
Milbank advised the German office of Pemberton, the asset manager, on the recapitalization of Rameder Group, a leading omni-channel e-commerce distributor of automotive carrier systems in Europe. In addition to new term debt to fund a dividend payment to Rameder’s shareholders, Pemberton is providing increased acquisition and capex facility commitments to support Rameder’s continuing growth. FSN Capital, which acquired Rameder in 2019, intends to roll out additional installation centers and to make further acquisitions to expand the growth and product diversity of the group. Milbank advised Pemberton also in 2019 on the financing of the acquisition of Rameder by FSN Capital. Since then, Rameder has been building out its strong…
