SJ Berwin advises DIREVO on further financing
SJ Berwin
Berlin, 03.02.2010 - SJ Berwin advised DIREVO Industrial Biotechnology GmbH (“DIREVO”) on its second round of financing, which raised € 6 million and will finance the company into the year 2012. The current financing round was led by TVM Capital and NRW.BANK. In addition, the shareholders agreed to a potential further capital increase of up to € 4 million to enable the company to accelerate its development.
DIREVO provides customized solutions for various industries via the development and optimization of biocatalysts with its proprietary ultra-high-throughput screening platform. Serving the Feed & Food industries and chemical / biorefinery businesses, DIREVO products are developed either independently or in conjunction with global leaders such as Genencor (a division of Danisco A/S), AB Enzymes, Roal Ltd. and Nestlé. The company was formerly a business unit of DIREVO Biotech AG. In the course of the sale of DIREVO Biotech AG to Bayer Healthcare AG in 2008 DIREVO became an independent company. SJ Berwin had already been advising DIREVO Biotech AG on various financing rounds since 2003.
The SJ Berwin team consisted of corporate partner Andreas Wüsthoff and associate Katja Thümmler.
Contact:
Dr. Andreas Wüsthoff , Partner
+49 (0)30 88 71 71 50
Email: andreas.wuesthoff@sjberwin.com
Dr. Rachelle Römermann, Press & Communications
Tel: +49(0) 69 50 50 32-829
Email: rachelle.roemermann@sjberwin.com
Notes to Editors:
SJ Berwin is an international law firm with 600 lawyers, including 175 partners based in 12 offices in Europe, East Asia and the Middle East.
Our clients are sophisticated buyers of legal services, principally multi-national and entrepreneurial companies and financial institutions, which we advise on a comprehensive range of matters including corporate finance, private equity, commercial, real estate, finance, reconstruction and insolvency, financial services and regulation, intellectual property, investment funds, litigation and dispute resolution, employment and pensions, EU and competition and tax. SJ Berwin deliver worldwide commercial legal advice to businesses determined to succeed in today's competitive environment.
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Private Equity Law Firm of the Year - M& A Awards – Financial Times & Mergermarket 2009
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Real Estate Team of the Year - "Legal Business Awards" 2009
Best Legal Adviser – Legal Week. Client Satisfaction Report 2009
HR Team of the Year and Most Effective Internal Communication - "The Lawyer HR Awards" 2009
European Law Firm of the Year (Fund Formation) - "Private Equity International Awards" 2008
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Pro Bono Team of the Year - The Lawyer Awards 2008
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Dr. Rachelle Römermann
Marketing Manager
SJ Berwin LLP
Poseidon-Haus
Hamburger Allee 1
60486 Frankfurt am Main
Germany
Tel: +49 (69) 50 50 32 - 323
Fax: +49 (69) 50 50 32 - 499
Email: rachelle.roemermann@sjberwin.com
Web Site: www.sjberwin.com
SJ Berwin
Best Legal Adviser
Legal Week Client Satisfaction Report 2009
Private Equity Law Firm of the Year
Financial Times/mergermarket European M&A Awards 2009
Real Estate Team of the Year
British Legal Awards 2009