{"id":42688,"date":"2019-04-09T22:51:30","date_gmt":"2019-04-09T20:51:30","guid":{"rendered":"https:\/\/newserver.fyb.de\/bird-bird-advises-vitruvian-partners-on-acquisition-of-stake-in-ada-health\/"},"modified":"2019-04-09T22:51:30","modified_gmt":"2019-04-09T20:51:30","slug":"bird-bird-advises-vitruvian-partners-on-acquisition-of-stake-in-ada-health","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/bird-bird-advises-vitruvian-partners-on-acquisition-of-stake-in-ada-health\/","title":{"rendered":"Bird & Bird advises Vitruvian Partners on acquisition of stake in ADA Health"},"content":{"rendered":"

Frank\u00adfurt am Main \u2014 Bird & Bird<\/strong> LLP has advi\u00adsed Euro\u00adpean private equity firm Vitru\u00advian Part\u00adners<\/strong> on its invest\u00adment in AI-powered health\u00adcare plat\u00adform ADA Health<\/strong>.<\/p>\n

Vitru\u00advian is an inde\u00adpen\u00addent invest\u00adment fund head\u00adquar\u00adte\u00adred in London that invests in Euro\u00adpean compa\u00adnies with high growth poten\u00adtial, prima\u00adrily through a focus on tech\u00adno\u00adlogy and digi\u00adta\u00adliza\u00adtion-based busi\u00adness models. ADA Health, Euro\u00adpe\u2019s \u201cHottest Health Start-up 2018,\u201d offers the worl\u00add\u2019s leading health app, \u201cAda,\u201d which iden\u00adti\u00adfies appro\u00adpriate next steps for poten\u00adtial proper medi\u00adcal treat\u00adment for users, as well as B2B users such as health insu\u00adr\u00aders and health\u00adcare provi\u00adders. The ADA app is AI-powered; it has been available for down\u00adload world\u00adwide since 2016 and has so far ranked first in the medi\u00adcal app space in over 130 countries.<\/p>\n

Vitru\u00advian has inves\u00adted in ADA Health through a Series B Growth Finan\u00adcing to provide addi\u00adtio\u00adnal growth capi\u00adtal to the company, along with its foun\u00adding share\u00adhol\u00adders and exis\u00adting inves\u00adtors, inclu\u00adding through a capi\u00adtal raise. This is inten\u00added not only to further expand ADA Heal\u00adth\u2019s exis\u00adting market posi\u00adtion in Germany, but also to enable further roll-out internationally.<\/p>\n

The tran\u00adsac\u00adtion has alre\u00adady been comple\u00adted. The parties have agreed not to disc\u00adlose the size of the growth investment.<\/p>\n

Vitru\u00advian Part\u00adners was advi\u00adsed by the follo\u00adwing Bird & Bird attor\u00adneys: Part\u00adner Dr. Hans Peter Leube, LL.M., Lead, and Asso\u00adcia\u00adtes Mari\u00adanne Nawroth, Dr. Ann-Kris\u00adtin Asmu\u00df (all Corporate\/M&A, Frank\u00adfurt) and Inga Kerner (Corporate\/M&A, Munich), Part\u00adner Dr. Fabian Niemann and Asso\u00adciate Dr. Nils L\u00f6lfing (both IT and Data Protec\u00adtion, D\u00fcssel\u00addorf), Coun\u00adsel Lea Mackert, LL.M. and Asso\u00adciate Dr. Juliane Kliesch (both IT and Commer\u00adcial, D\u00fcssel\u00addorf), Part\u00adner Dr. Alex\u00adan\u00adder Csaki and Coun\u00adsel Chris\u00adtian Linden\u00adthal, LL.M. (both Health\u00adcare Regu\u00adla\u00adtion, Munich), Part\u00adner Dr. Barbara Geck (Labor Law, Frank\u00adfurt) and Asso\u00adciate Florian Ke\u00dfenich (Labor Law, Hamburg).<\/p>\n

End<\/p>\n

Back\u00adground
\nThis advice demons\u00adtra\u00adtes once again that Bird & Bird\u2019s parti\u00adcu\u00adlar expe\u00adri\u00adence in the tech\u00adno\u00adlogy sector is meeting with strong and growing demand in the legal market, and incre\u00adasingly so in private equity advice. This is because the firm is excep\u00adtio\u00adnally well posi\u00adtio\u00adned, parti\u00adcu\u00adlarly in this area, when it comes to advi\u00adsing on invest\u00adments in compa\u00adnies where data and data protec\u00adtion, regu\u00adla\u00adtion and digi\u00adta\u00adliza\u00adtion issues play a major role and which ther\u00adeby achieve a signi\u00adfi\u00adcant inno\u00adva\u00adtion boost for the respec\u00adtive indus\u00adtry. Peter Leube has alre\u00adady advi\u00adsed Vitru\u00advian on seve\u00adral tran\u00adsac\u00adtions and refi\u00adnan\u00adcings in the health and health\u00adcare sector, among others, such as the part\u00adner\u00adship with the doctari group.<\/p>\n

For press inqui\u00adries, please contact:
\nCarola Rehs, Head of Marke\u00adting and Busi\u00adness Deve\u00adlo\u00adp\u00adment Germany
\nT: +49 (0)211 2005 6243, Email: carola.rehs@twobirds.com<\/p>\n

Notes for the editor
\nBird & Bird is an inter\u00adna\u00adtio\u00adnal law firm that advi\u00adses in parti\u00adcu\u00adlar compa\u00adnies and insti\u00adtu\u00adti\u00adons that are shaping and being chan\u00adged by new tech\u00adno\u00adlo\u00adgies and digi\u00adta\u00adliza\u00adtion. We combine world-class legal exper\u00adtise with deep indus\u00adtry know\u00adledge and a refres\u00adhin\u00adgly crea\u00adtive mind\u00adset to help clients achieve their busi\u00adness goals. We have over 1,300 lawy\u00aders in 29 offices in Europe, the Middle East, Asia Paci\u00adfic and North America, and main\u00adtain close rela\u00adti\u00adonships with law firms in other parts of the world. To learn more about us, visit www.twobirds.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Frank\u00adfurt am Main \u2014 Bird & Bird LLP has advi\u00adsed Euro\u00adpean private equity firm Vitru\u00advian Part\u00adners on its invest\u00adment in AI-powered health\u00adcare plat\u00adform ADA Health. Vitru\u00advian is an inde\u00adpen\u00addent invest\u00adment fund head\u00adquar\u00adte\u00adred in London that invests in Euro\u00adpean compa\u00adnies with high growth poten\u00adtial, prima\u00adrily through a focus on tech\u00adno\u00adlogy and digi\u00ad\u00adta\u00ad\u00adli\u00adza\u00ad\u00adtion-based busi\u00adness models. ADA Health, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-venture-capital-news"],"yoast_head":"\nBird & Bird advises Vitruvian Partners on acquisition of stake in ADA Health - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/bird-bird-advises-vitruvian-partners-on-acquisition-of-stake-in-ada-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bird & Bird advises Vitruvian Partners on acquisition of stake in ADA Health - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Frank\u00adfurt am Main \u2014 Bird & Bird LLP has advi\u00adsed Euro\u00adpean private equity firm Vitru\u00advian Part\u00adners on its invest\u00adment in AI-powered health\u00adcare plat\u00adform ADA Health. 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