Milbank LLP advised Advent on its investment in STARK, a European defense manufacturer primarily specializing in unmanned aerial systems. The company carried out a €500 million financing round to accelerate defense research, development and manufacturing across Europe. In addition to Advent, the financing brings together investors from across the defense, technology and institutional finance sectors.
Founded in 2024, German company STARK today operates across five countries, has built more than 20,000 square metres of production capacity and recently secured a landmark framework agreement for its flagship loitering munition programme.
Advent is a leading global private equity investor. With 16 offices across five continents, Advent oversees more than USD $100 billion in assets under management and has made 448 investments across 44 countries.
The Milbank team that advised Advent on this transaction was led by partner Jan Häller (Corporate/M&A, Frankfurt) and included partners Norbert Rieger (Corporate/M&A) and Moritz Lichtenegger (Antitrust, both Munich), associates Philip Falk and Jonathan Grumann (both Corporate/M&A, Frankfurt) as well as transaction lawyer Aisha Strohal (Antitrust, Munich).
