Insights

SMP advised the Munich-based tech startup everstox on its growth financing. The growth capital was provided by Global Founders Capital (GFC) and Capnamic Ventures. Thus, in addition to its existing investor Flash Ventures, everstox has attracted two further renowned sponsors for the expansion of its digital logistics platform.

SMP advised AniCura, a European network of veterinary clinics and veterinary practices, on the acquisition of the small animal center Duisburg-Asterlagen. In January 2020, AniCura had already announced the acquisition of the small animal clinics in Ahlen, Neandertal and Haar near Munich.

SMP advised the VC investor Project A on its co-investment in the digital specialist for garden and house projects GartenHaus. The co-investment was realized with the private equity investment company 3i Group.

SMP has advised the founder and former CEO of LikeMeat, Timo Recker, as well as the Recker Holding GmbH on the sale of its 49% stake in LikeMeat to The Livekindly Company, Inc. ("LIVEKINDLY Collective").

SMP has advised the tobacco company Imperial Tobacco on the sale of its EFKA plant in Trossingen to the Dutch Mignot & De Block Group. The change of ownership enables the continuation of the plant and secures round about 80 jobs.

SMP has advised ECBF Management on the structuring of the first European Circular Bioeconomy Fund and tax and regulatory issues related. The European Circular Bioeconomy Fund I (ECBF I) is the first venture fund dedicated to the circular bioeconomy and thus a more sustainable economy. The ECBF I has now held its first closing with €82 million, a significant milestone considering its target volume of € 250 million.

SMP advised the German-American venture capital investor Bitkraft on the launch of its first venture fund. With USD 165 million, the capital raised by the fund, which focuses on financing start-ups in the gaming and e-sports sector, significantly exceeded the total volume envisaged.

SMP advised the VC investor Project A on the acquisition of Uber Freight Europe by its portfolio company sennder. The acquisition of Uber Freight Europe is expected to foster sennder's position as the leading digital freight forwarder in Europe and will support both companies in the establishment of a strong market position in the US, Canada and Europe.