Our partner Tomáš Demo, specializing in startup law and legal advisory relating to sale of companies and investments has been providing legal advisory to the Slovak global company AeroMobil in relation to a major EUR 2,8 million investment provided by Slovak Investment Holding (SIH), provided in form of capital financing from the EU structural and investments funds.
Our advisory services in this complex transaction included our assistance in the investor’s due diligence and subsequent negotiations on the convertible loan agreement (CLA). As the transaction was structured as a co-investment of SIH and Israeli company Focus Capital Group and Chinese company Weilong Enterprise, we have been also advising AeroMobil on drafting the convertible loan agreements for the co-investors.
Due to a nature of funds provided by SIH, the CLA included a number of conditions precedent for disbursement of the loan, the satisfaction of which required a completion of several legal steps, including creating of notarial escrows, registration of AeroMobil’s subsidiaries in the Slovak Register of Public Sector Partners and preparation of various declarations concerning the status of company’s affairs.
Our involvement in this important investment transaction on the Slovak venture capital market underlines our ambitions and experience with providing comprehensive legal advisory services in the field of sale of companies, investments, and structuring of relations between founders and investors in the companies.