18 Mar 2019 | 09:27 am |
International law firm Pinsent Masons has advised GMPVC German Media Pool GmbH, Germany's leading independent media-for-equity investor, on the financing round of 39 million euros in FRIDAY Insurance S.A. alongside SevenVentures.
In addition to GMPVC, SevenVentures, the investment arm of ProSiebenSat1. Media SE, also participated. Baloise Group, a Swiss insurance group which is the founder and majority shareholder of FRIDAY, is also investing 75 million euros. The investment round will stimulate future growth and support further product development.
German Media Pool brings together FRIDAY media companies across television, radio, out-of-home and print. SevenVentures enables FRIDAY to publicize its products in the ProSiebenSat.1 Group's advertising environments, which have a far reach and are targeted at specific groups.
GMPVC's investment focus is primarily on consumer companies with a fully-developed product portfolio, which use media services to increase sales and establish their distinctiveness through branding. The portfolio of German Media Pool includes startups such as ABOUT YOU, momox, Home24, Alphapet, Marley Spoon, LemonSwan and URBANARA.
A team around Tobias Rodehau advised GMPVC on the financing.
Tobias Rodehau (lead), Olivia Irrgang, Dr Johannes Maidl (all Venture Capital & Private Equity)
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.
Multinational law firm Pinsent Masons has advised the joint lead managers in relation to a £250m sustainability bond issued by Aster Group to develop new affordable homes.
Multinational law firm Pinsent Masons has advised on what is believed to be the world's first gender-lens investment property fund, to support women experiencing, or at risk of homelessness.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on