Next Generation
Law Firm

SMP and Raschke von Knobelsdorff Heiser (RKH) advised publity AG, an asset manager and investor specialised in office real estate in Germany, listed on the Frankfurt Stock Exchange (Scale), on the tokenisation of up to 50 million shares of its subsidiary PREOS Global Office Real Estate & Technology AG (PREOS).

SMP advised SellerX on its seed financing round. The equity and debt financing round of SellerX, which was led by Cherry Ventures, Felix Capital and Silicon Valley-based VC TriplePoint Capital, amounts to EUR 100 million of funding in total.

SMP advised the European venture capitalist Speedinvest on the structuring of its second focus fund generation Speedinvest x 2. Speedinvest x 2 has received strong support from Russmedia and Styria Media Group from Austria, which are already anchor investors in the first focus fund generation.

SMP advised the software company Jobpal on the sale of all shares to the US-based HR technology provider SmartRecruiters. The acquisition enables SmartRecruiters to gain access to the market for robotic recruitment process automation (RPA).

With regard to the EU regulation on sustainability-related disclosures ("ESG Disclosure Regulation"), the issuance of further guidance has been postponed indefinitely. Given that the regulation will still become effective as of 10 March 2021, this raises questions on how VC or PE fund managers can adequately comply with the requirements set forth in the ESG Disclosure Regulation.

SMP advised the online beverage delivery service flaschenpost in connection with the sale of all shares in the company to the Oetker group. In the course of this transaction, Oetker will become the sole shareholder of the delivery service. Oetker founded its own delivery service Durstexpress in 2017 and now acquired flaschenpost's market share to expand.