Berlin - SMP advised the VC investor Project A on the acquisition of Uber Freight Europe by its portfolio company sennder. The acquisition of Uber Freight Europe is expected to foster sennder's position as the leading digital freight forwarder in Europe and will support both companies in the establishment of a strong market position in the US, Canada and Europe. Project A has been advised on this transaction by an SMP team led by Ansgar Frank and Martin Schaper.
"We already advised Project A in connection with the investment in sennder and we are delighted to have provided legal support on this transaction regarding its portfolio company sennder as well," says Ansgar Frank.
sennder is a European freight forwarding service provider, which offers shippers access to their connected fleet of trucking firms.
Uber Freight Europe
Uber Freight is a logistics platform that has built a large network of digitally-enabled carriers and aims to transform traditional practices around pricing and booking freight to reduce inefficiencies and increase opportunities for growth.
Project A is one of the leading venture capital companies in Europe, based in Berlin and with representations in Munich and London. In addition to $500 M in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 110 employees from key areas such as software engineering, business intelligence, marketing, recruiting, and many more. In 2020 Project A was named Germany's best VC by Business Insider magazine. Project A was founded in 2012 and since then has supported more than 60 start-ups in 12 countries. The portfolio includes companies such as Catawiki, WorldRemit, Homeday, Spryker, sennder, KRY, Trade Republic, and Voi.
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. 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.