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 – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
