Milbank Advises LEA on the Merger of Aleph Alpha and Cohere

Frank­furt am Main – Milbank LLP advi­sed LEA Venture­part­ner GmbH & Co. geschlos­sene Invest­ment­kom­man­dit­ge­sell­schaft (“LEA”) on the merger of Aleph Alpha GmbH (“Aleph Alpha”) and Cohere Inc. (“Cohere”). The new company will operate under the name Cohere, with head­quar­ters in Toronto and Berlin. 

The merger brings toge­ther two leading provi­ders of enter­prise AI and lays the foun­da­tion for meeting the growing demand for secure, compli­ant, and sove­reign AI solu­ti­ons. Aleph Alpha has estab­lished a strong market posi­tion by provi­ding trust­wor­thy AI solu­ti­ons for busi­nesses and public-sector orga­niza­ti­ons. Cohere comple­ments these capa­bi­li­ties with its enter­­prise-focu­­sed AI plat­form and the Command model family, which enables orga­niza­ti­ons to deploy advan­ced AI within their own infra­struc­ture while main­tai­ning control over their data. 

As an entre­pre­neu­rial equity part­ner, LEA supports foun­ders and manage­ment teams at various stages of deve­lo­p­ment in their growth and in achie­ving a leading market posi­tion. Since 2002, LEA has successfully supported more than 140 tech­no­logy compa­nies. — The parties have agreed not to disc­lose the finan­cial terms of the tran­sac­tion. The closing of the tran­sac­tion is still subject to the neces­sary regu­la­tory approvals. 

LEA Consul­tant: MILBANK 

Led by Dr. Michael Bern­hardt (Corporate/M&A, Frankfurt);
Asso­cia­tes Stef­fen Post and Maxi­mi­lian Huber (both Corporate/M&A, Frankfurt).

About Milbank

Milbank LLP is a leading inter­na­tio­nal law firm foun­ded in New York City in 1866. Today, Milbank has 1,100 attor­neys and 11 offices in Europe, the U.S., Latin America, and Asia, repre­sen­ting the world’s most important finan­cial and busi­ness centers. Milbank’s global advi­sory services focus on finance, tran­sac­tions, and liti­ga­tion. The first Euro­pean office was opened in London in 1979, follo­wed by Frank­furt am Main in 2001 and Munich in 2004. Through close colla­bo­ra­tion between the German offices and attor­neys at other Milbank offices—particularly in London and New York—who specia­lize in finance, corpo­rate, anti­trust, and tax law, Milbank Germany offers its clients inte­gra­ted legal coun­sel in these core areas in accordance with German, English, and U.S. law at the highest level. — www.milbank.com