Growth financing for Hamburg internet specialist – Noerr advises Jimdo on investment by U.S. venture capital specialist Spectrum
The leading European law firm Noerr has advised the Hamburg-based internet company Jimdo concerning the investment by the U.S. venture capital specialist Spectrum Equity Fund. In its first investment in the German market Spectrum is investing EUR 25 million. Jimdo is valued at EUR 100 million.
Jimdo will use the fresh capital for funding its further growth and investing in the development of its products. Jimdo offers a model kit and services for the creation of websites. More than 15 million online presences have already been set up with Jimdo. The company, which was founded in 2007 and is still run by Christian Springub, Fridtjof Detzner and Matthias Henze, is thus one of the industry leaders and today has locations also in San Francisco and Tokyo.
In this transaction Jimdo has relied on the advice by a Noerr team led by Prof. Dr. Christian Pleister. Noerr is among the leading law firms in Europe in the field of corporate transactions and private equity and venture capital. Only recently, a Noerr team advised on the sale of the hearing aids specialist audibene to the Sivantos Group/EQT and also assisted Alteri/Apollo in the refinancing of the Basler Fashion Group as well as in the takeover of the mail order group Walz. Significant recent cases also include consultancy on and coordination of the worldwide consolidation of five leading online fashion trading companies into Global Fashion Group, which is valued at EUR 2.8 billion.
Advisors to Jimdo: Noerr LLP
Prof. Dr. Christian Pleister (lead, Corporate, Frankfurt/Berlin), Santiago Ruiz de Vargas (Financial Advisory, München)
Associates: Michael Sturm (Corporate), Katharina Domnick (IP Law), Florian-Felix Marquardt (Tax), Dr. Stefan Schwab (Employment and Pensions), Janine Telke (Private Equity and Venture Capital, all Berlin)
Associates: Michael Sturm (Corporate), Katharina Domnick (IP-Recht), Florian-Felix Marquardt (Steuerrecht), Dr. Stefan Schwab (Arbeitsrecht), Janine Telke (Private Equity und Venture Capital, alle Berlin)