Berlin – YPOG advised Porsche Automobil Holding SE (Porsche SE) on its investment in German aerospace start-up Isar Aerospace.
A team led by Dr. Emma Peters and Dr. Benjamin Ullrich provided comprehensive legal advice for the first time to Porsche SE as existing shareholder on its investment in a € 155 million financing round of the start-up.
In addition to existing investors, including Porsche SE, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, UVC Partners and Vsquared Ventures, the investors include the Israeli family office 7 Industries as well as the venture capital company of the Free State of Bavaria. In total, the Munich-based company has already raised over € 310 million.
Isar Aerospace is planning the inaugural flight of a carrier rocket for the second half of 2023, which will launch small and medium-sized satellites into Earth orbit from a launch site in Andøya, Norway. The company has already signed contracts with several customers for further flights.
Team
Dr. Emma Peters (Co-Lead) (Transactions, Corporate), Associated Partner, Berlin
Dr. Benjamin Ullrich (Co-Lead) (Transactions, Corporate), Partner, Berlin
Matthias Kresser (Regulatory & Finance, Transactions), Partner, Hamburg
Alexander Sekunde (Transactions, Corporate), Associate, Berlin
About Porsche SE
Porsche Automobil Holding SE (Porsche SE) is a holding company with investments in the areas of mobility and industrial technology. In particular, it holds the majority of the ordinary shares in Volkswagen AG, one of the leading automobile manufacturers in the world. As the parent company of the Volkswagen Group, Volkswagen AG directly and indirectly holds investments in AUDI AG, SEAT S.A., ŠKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG (Porsche AG), TRATON SE, Volkswagen Financial Services AG, Volkswagen Bank GmbH as well as in numerous other companies in Germany and abroad. In addition, Porsche SE directly holds 25 percent plus one share of the ordinary shares in Porsche AG. Furthermore, Porsche SE holds minority interests in more than ten technology companies in North America, Europe and Israel.
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Contact
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
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