PwC Legal advises Service Partner One GmbH on a $10 million series A financing round
Frankfurt am Main, August 15th 2016.
PwC Legal provided Service Partner One GmbH, headquartered in Berlin, with comprehensive legal advice on a series A financing round. This involved, in particular, the design of investment and participation contracts, their negotiation and execution. The lead investor is the venture capital firm EQT Ventures. The capital, amounting to $10 million in total, shall serve to drive the continued growth of the startup company and its international expansion.
Service Partner One GmbH, headquartered in Berlin, was founded in spring 2015. The startup provides companies with a digital multi-service platform through which they can book cleaning and maintenance services for their office spaces. With the help of a large partner network, Service Partner One GmbH organises everything from office cleaning and repair work to the provision of consumables and office supplies as well as fruit, drinks and coffee. They provide their services to more than 500 offices with roughly 20,000 people every day in six major cities (Berlin, Hamburg, Cologne, Frankfurt am Main, Munich and London).
EQT Ventures is the venture capital arm of the Swedish private equity group EQT AB headquartered in Stockholm. With their focus on company growth financing, they invest primarily in the sustainable development of well-positioned small and medium-sized companies.
Advisors to Service Partner One GmbH:
Gerhard Wacker (team lead), Dr Christian Hensel, Florian Holfeld (all Corporate/M&A)
Advisors to EQT:
Willkie Farr & Gallagher LLP:
Dr Axel Wahl, Johannes Eckhardt (all Corporate/M&A)
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