European Investment Bank invests in VC coparion
Berlin — The European Investment Bank (EIB) has invested EUR 50 million in the German venture capital fund coparion. coparion was originally launched by the ERP Special Fund (German Federal Ministry for Economic Affairs and Energy) and KfW with a volume of EUR 225 million. The EIB’s participation now increases the fund volume to EUR 275 million.
As a co-investment fund, coparion invests in young, high-growth and technology-oriented companies together with private sector investors, thereby supporting the venture capital market in Germany. Through the co-investments, the intended total investment volume of coparion (together with co-investors) amounts to approximately EUR 550 million.
The EIB is a long-term lending institution of the European Union whose shareholders are the EU Member States. The investment in coparion is linked to the goal of strengthening the emerging venture capital market in Germany as well. The investment is part of the so-called Investment Offensive for Europe (“Juncker Plan”), which aims to create jobs by investing in Europe.
Advising EIB: P+P Pöllath + Partners provided comprehensive contractual, tax, regulatory and corporate law advice to EIB in complex negotiations on its investment in coparion with the following private funds team.
Tarek Mardini (photo), LL.M. (UConn), Partner (Lead Partner, Private Funds, Berlin), Dr. Christian Hillebrand, M.Litt. (St. Andrews), Senior Associate (Private Funds, Berlin), Dr. Joachim Mogck, LL.M. (San Francisco), Senior Associate (Private Funds, Berlin).
Inhouse legal advice to the EIB was provided by Dr. Christoph Diesel and Thomas Lugez.
Advisor to coparion: Dr. Wolfgang Weitnauer (Weitnauer Rechtsanwälte, Munich).