July 08, 2020 Press

SMP advises Katjesgreenfood
on investment in Pink Albatross

Berlin - SMP has advised the food impact investor Katjesgreenfood on its investment in Pink Albatross. The clean label, currently available in Spain and Portugal, specializes in the production of vegan ice cream. With its investment in Pink Albatross, the sister company of the Katjes Group complements its portfolio, which is geared towards sustainably produced and plant-based food, and opens up access to the ice cream market. The parties have agreed not to disclose the details of the transaction. Katjesgreenfood was again comprehensively advised by an SMP team led by SMP partner Benjamin Ullrich. The team regularly advises the investor on investments in Germany and worldwide.

"With the investment in Pink Albatross, Katjesgreenfood strengthens the climate-friendly food production and thus paves the way for a more responsible and sustainable lifestyle," says Benjamin Ullrich. "We are pleased to be able to accompany as legal advisors Katjesgreenfood paving the way for climate protection in the food industry.

Katjesgreenfood is a food impact investor based in Berlin and a sister company of the Katjes Group. The company invests in the rapidly growing market for sustainable, plant-based food. The focus is outside the confectionery market, resulting in a broad product and brand portfolio.

Pink Albatross
Pink Albatross is a clean label company based in Spain. Founded in 2019 by Luke Saldanha and Pepe Biaggio, Pink Albatross specializes in the production of vegan ice cream.

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors Katjesgreenfood: SMP
Dr. Benjamin Ullrich (Lead/Corporate), Partner
Daniela M. Machado Jonetzki (Corporate), Foreign Associate