SMP

Berlin - SMP has advised ECBF Management on the structuring of the first European Circular Bioeconomy Fund and tax and regulatory issues related. The European Circular Bioeconomy Fund I (ECBF I) is the first venture fund dedicated to the circular bioeconomy and thus a more sustainable economy. The ECBF I has now held its first closing with €82 million, a significant milestone considering its target volume of € 250 million. The European Investment Bank (EIB), PreZero, Corbion and the Hettich family office invested. The focus of the fund is on financing innovative growth companies and projects that contribute to achieving climate targets in Europe. The fund has already made two investments, supporting the sustainable growth companies PeelPioneers and Prolupin in their expansion within Europe. The European Circular Bioeconomy Fund was structured by a team led by SMP partner Fabian Euhus, who also advised on tax and regulatory issues.

"Europe has set itself the goal of becoming climate neutral by the year 2050. Large-scale initiatives like ECBF I support targeted measures and thus make an important contribution to achieving this goal. That makes this complex mandate a particularly exciting and important one for us", says SMP partner Fabian Euhus.

ECBF Management
The primary objective of the ECBF is to stimulate additional private and public capital investment to scale up innovative bio-based companies and projects. More specifically, ECBF provides equity investment to growth-stage bioeconomy and circular bioeconomy companies with high potential for innovation, favourable returns, and sustainable impact. ECBF is based in Luxembourg and managed by Hauck & Aufhäuser Fund Services S.A. ECBF Management GmbH advises the European Circular Bioeconomy Fund Management exclusively. The international team of very experienced people focusses on supporting the bioeconomy companies in Europe to fuel their growth. Having more than 40 years of investment experience and a significant network the ECBF's team will play an active role in scaling up the investments. ECBF is located in Luxembourg but has an investment focus on the 27-European associated countries.

About SMP
SMP is a law firm which is active in the core fields of Tax, Funds, Transactions, Corporate and Litigation. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors ECBF I: SMP
Dr. Fabian Euhus (Lead, Fund structuring), Partner
Joel El-Qalqili (Fund structuring), Senior Associate
Dr. Saskia Kleinpeter (Fund structuring), Associate
Lennart Lorenz (Regulatory Law), Partner
Dr. Niklas Ulrich (Regulatory Law), Associate
Dr. Tammo Lüken, (Tax), Associated Partner
Dr. Sebastian Schwarz (Tax), Senior Associate